QRG Capital Management Inc. Grows Stake in Pearson, PLC $PSO

QRG Capital Management Inc. boosted its position in Pearson, PLC (NYSE:PSO) by 30.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,839 shares of the company’s stock after purchasing an additional 36,302 shares during the period. QRG Capital Management Inc.’s holdings in Pearson were worth $2,202,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC increased its stake in Pearson by 952.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after purchasing an additional 1,590 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Pearson by 54.2% in the 4th quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock valued at $41,000 after purchasing an additional 1,036 shares in the last quarter. GAMMA Investing LLC increased its stake in Pearson by 12.3% in the 4th quarter. GAMMA Investing LLC now owns 8,397 shares of the company’s stock valued at $118,000 after purchasing an additional 922 shares in the last quarter. Optas LLC purchased a new position in Pearson in the 4th quarter valued at approximately $145,000. Finally, Quantbot Technologies LP purchased a new position in Pearson in the 2nd quarter valued at approximately $154,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Stock Performance

Pearson stock opened at $15.07 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.00 and a quick ratio of 1.94. The stock has a fifty day moving average of $13.58 and a two-hundred day moving average of $13.47. Pearson, PLC has a fifty-two week low of $12.02 and a fifty-two week high of $16.67.

Pearson Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 15th. Shareholders of record on Friday, March 20th will be given a dividend of $0.2346 per share. The ex-dividend date of this dividend is Friday, March 20th. This represents a yield of 368.0%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PSO shares. Citigroup started coverage on Pearson in a research note on Monday, January 12th. They issued a “buy” rating for the company. Weiss Ratings downgraded Pearson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Kepler Capital Markets raised Pearson from a “reduce” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Wall Street Zen downgraded Pearson from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Pearson 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.