JNBA Financial Advisors Trims Stock Holdings in Pearson plc (NYSE:PSO)

JNBA Financial Advisors reduced its holdings in shares of Pearson plc (NYSE:PSO) by 9.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 25,485 shares of the company’s stock after selling 2,636 shares during the period. JNBA Financial Advisors’ holdings in Pearson were worth $411,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in shares of Pearson by 31.6% during the third quarter. Bank of Montreal Can now owns 405,852 shares of the company’s stock valued at $5,536,000 after purchasing an additional 97,443 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in Pearson by 61.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company’s stock valued at $2,081,000 after buying an additional 58,136 shares in the last quarter. FMR LLC boosted its position in Pearson by 20.7% in the 3rd quarter. FMR LLC now owns 275,310 shares of the company’s stock valued at $3,736,000 after buying an additional 47,296 shares during the period. Point72 Asset Management L.P. bought a new position in Pearson in the 3rd quarter worth about $628,000. Finally, Signaturefd LLC increased its position in shares of Pearson by 12.9% during the third quarter. Signaturefd LLC now owns 16,934 shares of the company’s stock worth $230,000 after acquiring an additional 1,939 shares during the period. Institutional investors own 2.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on PSO shares. The Goldman Sachs Group raised Pearson to a “strong-buy” rating in a research note on Thursday, January 30th. StockNews.com downgraded Pearson from a “buy” rating to a “hold” rating in a research report on Friday, November 15th.

Pearson Trading Up 0.5 %

NYSE:PSO opened at $16.94 on Friday. The firm has a 50-day simple moving average of $16.16 and a 200-day simple moving average of $14.83. Pearson plc has a one year low of $11.78 and a one year high of $17.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

About Pearson

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.