Pearson (NYSE:PSO) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Pearson (NYSE:PSO) from a buy rating to a hold rating in a report issued on Sunday morning,Wall Street Zen reports.

A number of other equities analysts have also weighed in on the stock. The Goldman Sachs Group lowered shares of Pearson from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 4th. Citigroup cut shares of Pearson from a “buy” rating to a “neutral” rating in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Pearson in a report on Tuesday, July 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Pearson in a report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pearson in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Pearson Stock Performance

Shares of PSO opened at $15.69 on Friday. The business has a 50-day moving average of $16.54 and a 200 day moving average of $15.01. Pearson has a fifty-two week low of $12.02 and a fifty-two week high of $17.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 1.94.

Pearson Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, September 21st. Shareholders of record on Friday, August 14th will be issued a $0.1103 dividend. This represents a yield of 137.0%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC boosted its stake in Pearson by 952.1% during the third quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock valued at $25,000 after buying an additional 1,590 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Pearson in the 4th quarter valued at about $35,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Pearson during the 4th quarter valued at about $42,000. Royal Bank of Canada boosted its position in shares of Pearson by 86.5% during the 1st quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after acquiring an additional 2,604 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Pearson by 31.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 7,758 shares of the company’s stock worth $110,000 after purchasing an additional 1,874 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.

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.