M&T Bank Corp Purchases 54,976 Shares of Pearson, PLC $PSO

M&T Bank Corp boosted its position in Pearson, PLC (NYSE:PSO) by 301.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 73,207 shares of the company’s stock after purchasing an additional 54,976 shares during the period. M&T Bank Corp’s holdings in Pearson were worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PSO. AQR Capital Management LLC lifted its stake in Pearson by 16.2% in the first quarter. AQR Capital Management LLC now owns 71,670 shares of the company’s stock worth $1,147,000 after purchasing an additional 9,977 shares during the last quarter. Millennium Management LLC bought a new stake in shares of Pearson during the first quarter valued at approximately $11,546,000. NewEdge Advisors LLC raised its stake in shares of Pearson by 10,532.1% during the first quarter. NewEdge Advisors LLC now owns 25,836 shares of the company’s stock valued at $414,000 after acquiring an additional 25,593 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Pearson by 2.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,144,680 shares of the company’s stock valued at $34,336,000 after acquiring an additional 44,349 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Pearson by 672.2% during the second quarter. JPMorgan Chase & Co. now owns 261,605 shares of the company’s stock valued at $3,906,000 after acquiring an additional 227,725 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.

Pearson Stock Performance

Shares of NYSE:PSO opened at $14.72 on Friday. Pearson, PLC has a 52 week low of $12.02 and a 52 week 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 $13.43 and a 200 day moving average of $13.47.

Pearson Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be issued a $0.2346 dividend. This represents a yield of 368.0%. The ex-dividend date of this dividend is Friday, March 20th.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PSO shares. Citigroup started coverage on shares of Pearson in a research note on Monday, January 12th. They set a “buy” rating for the company. Kepler Capital Markets raised shares of Pearson from a “reduce” rating to a “hold” rating in a research note on Friday, January 23rd. Wall Street Zen raised shares of Pearson from a “hold” rating to a “buy” rating in a research note on Sunday, April 19th. Finally, Weiss Ratings downgraded shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Pearson

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.