Pearson (NYSE:PSO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Pearson (NYSE:PSO) from a hold rating to a buy rating in a report published on Sunday.

PSO has been the topic of a number of other research reports. Kepler Capital Markets raised Pearson from a “reduce” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings downgraded Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Citigroup started coverage on Pearson in a report on Monday, January 12th. They issued a “buy” rating on the stock. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Pearson Stock Performance

Shares of NYSE:PSO opened at $14.67 on Friday. Pearson has a 1 year low of $12.02 and a 1 year 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 business’s 50 day simple moving average is $13.14 and its 200 day simple moving average is $13.44.

Pearson Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, May 15th. Investors of record on Friday, March 20th will be given a dividend of $0.2346 per share. This represents a yield of 368.0%. The ex-dividend date of this dividend is Friday, March 20th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PSO. AQR Capital Management LLC raised its position in Pearson by 16.2% during the 1st 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 position in Pearson during the 1st quarter worth $11,546,000. NewEdge Advisors LLC raised its position in Pearson by 10,532.1% during the 1st quarter. NewEdge Advisors LLC now owns 25,836 shares of the company’s stock worth $414,000 after purchasing an additional 25,593 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Pearson by 2.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,144,680 shares of the company’s stock worth $34,336,000 after purchasing an additional 44,349 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Pearson by 672.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 261,605 shares of the company’s stock worth $3,906,000 after purchasing an additional 227,725 shares during the last quarter. 2.14% of the stock is owned by institutional investors.

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.