Pearson (NYSE:PSO) Rating Increased to Buy at Wall Street Zen

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

Several other equities research analysts also recently weighed in on PSO. Citigroup assumed coverage on shares of Pearson in a research note on Monday, January 12th. They set a “buy” rating for the company. Weiss Ratings downgraded shares of Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Kepler Capital Markets upgraded shares of Pearson from a “reduce” rating to a “hold” rating in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Pearson has a consensus rating of “Moderate Buy”.

Pearson Stock Performance

Shares of PSO stock opened at $14.86 on Friday. The stock’s 50-day moving average is $13.58 and its two-hundred day moving average is $13.47. Pearson has a 1 year low of $12.02 and a 1 year high of $16.67. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39.

Pearson Announces Dividend

The business also recently disclosed 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 dividend yield of 368.0%. The ex-dividend date is Friday, March 20th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Pearson during the 1st quarter worth approximately $154,000. Bank of New York Mellon Corp raised its position in shares of Pearson by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 56,380 shares of the company’s stock worth $740,000 after purchasing an additional 1,071 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Pearson by 46.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 39,533 shares of the company’s stock worth $519,000 after purchasing an additional 12,526 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Pearson by 13.4% during the 1st quarter. QRG Capital Management Inc. now owns 177,786 shares of the company’s stock worth $2,334,000 after purchasing an additional 20,947 shares during the last quarter. Finally, Keybank National Association OH acquired a new position in shares of Pearson during the 1st quarter worth approximately $147,000. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Pearson Company Profile

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.