Pearson PLC (NYSE:PSO) shares hit a new 52-week low on Monday . The stock traded as low as $10.14 and last traded at $10.14, with a volume of 7835 shares traded. The stock had previously closed at $10.17.
Several research analysts recently weighed in on PSO shares. UBS Group started coverage on Pearson in a research report on Thursday, March 7th. They issued a “neutral” rating and a $10.89 price objective for the company. JPMorgan Chase & Co. upgraded Pearson from a “neutral” rating to an “overweight” rating in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.89.
The stock has a market capitalization of $7.92 billion, a price-to-earnings ratio of 10.78 and a beta of -0.03. The company has a quick ratio of 2.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.15.
The company also recently declared a semiannual dividend, which was paid on Wednesday, May 15th. Shareholders of record on Friday, April 5th were paid a dividend of $0.1715 per share. This represents a yield of 3.12%. This is a boost from Pearson’s previous semiannual dividend of $0.07. The ex-dividend date of this dividend was Thursday, April 4th. Pearson’s dividend payout ratio is 36.17%.
A number of large investors have recently added to or reduced their stakes in PSO. JPMorgan Chase & Co. boosted its holdings in Pearson by 1,300.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 263,690 shares of the company’s stock valued at $3,037,000 after purchasing an additional 244,866 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in Pearson by 56.2% in the 4th quarter. Quadrant Capital Group LLC now owns 9,940 shares of the company’s stock valued at $116,000 after purchasing an additional 3,578 shares in the last quarter. Iberiabank Corp purchased a new stake in Pearson in the 4th quarter valued at approximately $134,000. Wetherby Asset Management Inc. boosted its holdings in Pearson by 14.7% in the 4th quarter. Wetherby Asset Management Inc. now owns 18,455 shares of the company’s stock valued at $220,000 after purchasing an additional 2,367 shares in the last quarter. Finally, Steinberg Global Asset Management purchased a new stake in Pearson in the 4th quarter valued at approximately $1,060,000. Institutional investors own 1.40% of the company’s stock.
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About Pearson (NYSE:PSO)
Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.
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