Abacus Wealth Partners LLC Buys Shares of 73,662 Pearson, PLC $PSO

Abacus Wealth Partners LLC bought a new stake in shares of Pearson, PLC (NYSE:PSO) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 73,662 shares of the company’s stock, valued at approximately $1,034,000.

Several other hedge funds also recently modified their holdings of PSO. GAMMA Investing LLC increased its stake in Pearson by 12.3% during the fourth quarter. GAMMA Investing LLC now owns 8,397 shares of the company’s stock valued at $118,000 after purchasing an additional 922 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Pearson by 0.8% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 120,197 shares of the company’s stock valued at $1,702,000 after purchasing an additional 1,004 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after acquiring an additional 1,036 shares during the last quarter. Gitterman Wealth Management LLC grew its position in shares of Pearson by 8.6% during the third quarter. Gitterman Wealth Management LLC now owns 16,449 shares of the company’s stock worth $233,000 after acquiring an additional 1,299 shares during the last quarter. Finally, Choreo LLC grew its position in shares of Pearson by 9.2% during the fourth quarter. Choreo LLC now owns 16,058 shares of the company’s stock worth $227,000 after acquiring an additional 1,356 shares during the last quarter. 2.14% of the stock is owned by institutional investors and hedge funds.

Pearson Price Performance

Shares of NYSE PSO opened at $14.59 on Friday. Pearson, PLC has a twelve month low of $12.02 and a twelve month high of $16.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. The firm has a 50-day moving average of $13.80 and a two-hundred day moving average of $13.47.

Pearson Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, March 20th were issued a dividend of $0.2346 per share. This represents a yield of 368.0%. The ex-dividend date was Friday, March 20th.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on PSO shares. Kepler Capital Markets upgraded shares of Pearson from a “reduce” rating to a “hold” rating in a research report on Friday, January 23rd. Wall Street Zen raised shares of Pearson from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Pearson Profile

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.