Rhumbline Advisers Acquires 1,281 Shares of Pearson plc (NYSE:PSO)

Rhumbline Advisers raised its holdings in Pearson plc (NYSE:PSO) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,518 shares of the company’s stock after buying an additional 1,281 shares during the period. Rhumbline Advisers’ holdings in Pearson were worth $144,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Lester Murray Antman dba SimplyRich raised its holdings in shares of Pearson by 2.5% in the second quarter. Lester Murray Antman dba SimplyRich now owns 32,239 shares of the company’s stock valued at $402,000 after purchasing an additional 799 shares during the last quarter. GAMMA Investing LLC increased its stake in Pearson by 43.2% in the 2nd quarter. GAMMA Investing LLC now owns 2,782 shares of the company’s stock valued at $35,000 after buying an additional 839 shares during the last quarter. CWM LLC lifted its position in shares of Pearson by 22.5% during the 2nd quarter. CWM LLC now owns 4,650 shares of the company’s stock worth $58,000 after buying an additional 855 shares in the last quarter. Lake Street Advisors Group LLC boosted its stake in shares of Pearson by 8.5% in the 1st quarter. Lake Street Advisors Group LLC now owns 12,905 shares of the company’s stock worth $172,000 after buying an additional 1,007 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Pearson by 88.7% during the first quarter. EverSource Wealth Advisors LLC now owns 2,421 shares of the company’s stock valued at $29,000 after acquiring an additional 1,138 shares during the last quarter. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PSO has been the subject of a number of research analyst reports. Citigroup upgraded Pearson to a “strong-buy” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Pearson from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th.

Pearson Price Performance

Shares of PSO stock opened at $13.64 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. Pearson plc has a fifty-two week low of $10.31 and a fifty-two week high of $14.20. The firm has a market cap of $9.09 billion, a P/E ratio of 15.33, a P/E/G ratio of 2.16 and a beta of 0.40. The business’s 50 day moving average price is $13.57 and its 200-day moving average price is $12.87.

Pearson Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 9th were issued a $0.095 dividend. The ex-dividend date was Friday, August 9th. This represents a yield of 2.2%. Pearson’s dividend payout ratio (DPR) is 21.35%.

Pearson 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.