Pearson, PLC $PSO Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors reduced its stake in shares of Pearson, PLC (NYSE:PSO) by 22.1% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,252 shares of the company’s stock after selling 6,023 shares during the period. JNBA Financial Advisors’ holdings in Pearson were worth $317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Callan Capital LLC grew its position in Pearson by 3.7% during the 1st quarter. Callan Capital LLC now owns 18,626 shares of the company’s stock worth $298,000 after purchasing an additional 661 shares during the period. U.S. Capital Wealth Advisors LLC grew its position in Pearson by 6.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 12,294 shares of the company’s stock worth $184,000 after purchasing an additional 724 shares during the period. Evergreen Capital Management LLC grew its position in Pearson by 4.3% during the 1st quarter. Evergreen Capital Management LLC now owns 19,700 shares of the company’s stock worth $320,000 after purchasing an additional 816 shares during the period. Choreo LLC grew its position in Pearson by 7.4% during the 1st quarter. Choreo LLC now owns 11,939 shares of the company’s stock worth $191,000 after purchasing an additional 823 shares during the period. Finally, Signaturefd LLC grew its position in Pearson by 6.0% during the 1st quarter. Signaturefd LLC now owns 18,083 shares of the company’s stock worth $290,000 after purchasing an additional 1,027 shares during the period. 2.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PSO has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Pearson from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th. BNP Paribas raised shares of Pearson from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Pearson in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Pearson in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $18.00.

Pearson Trading Up 0.3%

Shares of Pearson stock opened at $13.94 on Friday. The firm has a market capitalization of $9.01 billion, a PE ratio of 14.82, a P/E/G ratio of 2.48 and a beta of 0.55. Pearson, PLC has a twelve month low of $13.27 and a twelve month high of $17.90. The firm’s 50-day moving average price is $14.34 and its 200 day moving average price is $14.96. The company has a current ratio of 2.31, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40.

Pearson Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, September 22nd. Investors of record on Friday, August 15th were paid a $0.0892 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a yield of 210.0%. Pearson’s dividend payout ratio (DPR) is currently 22.34%.

Pearson Company Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.