Pearson, PLC (PSO) Trading 6.6% Higher

Shares of Pearson, PLC (NYSE:PSO) traded up 6.6% during trading on Tuesday . The company traded as high as $8.82 and last traded at $8.74. 1,770,022 shares changed hands during trading, an increase of 267% from the average session volume of 481,905 shares. The stock had previously closed at $8.20.

A number of analysts recently commented on the company. BidaskClub lowered Pearson, PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Zacks Investment Research lowered Pearson, PLC from a “hold” rating to a “sell” rating in a report on Friday, July 21st. BNP Paribas upgraded Pearson, PLC from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 27th. Macquarie upgraded Pearson, PLC from a “neutral” rating to an “outperform” rating in a report on Friday, July 14th. Finally, Deutsche Bank AG lowered Pearson, PLC from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Pearson, PLC has an average rating of “Hold”.

The stock’s market cap is $7.12 billion. The stock’s 50 day moving average is $7.90 and its 200 day moving average is $8.37.

The company also recently declared a semiannual dividend, which was paid on Wednesday, September 20th. Stockholders of record on Friday, August 18th were issued a dividend of $0.065 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a dividend yield of 1.6%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSO. Russell Investments Group Ltd. bought a new position in shares of Pearson, PLC during the 1st quarter valued at $317,000. Wells Fargo & Company MN lifted its holdings in shares of Pearson, PLC by 4.5% during the 1st quarter. Wells Fargo & Company MN now owns 139,904 shares of the company’s stock valued at $1,186,000 after buying an additional 6,083 shares during the period. US Bancorp DE lifted its holdings in shares of Pearson, PLC by 20.7% during the 1st quarter. US Bancorp DE now owns 11,872 shares of the company’s stock valued at $101,000 after buying an additional 2,035 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Pearson, PLC by 41.3% during the 1st quarter. Bank of New York Mellon Corp now owns 34,427 shares of the company’s stock valued at $292,000 after buying an additional 10,060 shares during the period. Finally, Comerica Bank lifted its holdings in shares of Pearson, PLC by 1.3% during the 1st quarter. Comerica Bank now owns 47,153 shares of the company’s stock valued at $387,000 after buying an additional 614 shares during the period. 1.64% of the stock is currently owned by hedge funds and other institutional investors.

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Pearson, PLC Company Profile

Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.

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