Northern Trust Corp Boosts Position in Pearson, PLC (PSO)
Northern Trust Corp increased its position in shares of Pearson, PLC (NYSE:PSO) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 726,814 shares of the company’s stock after buying an additional 45,855 shares during the quarter. Northern Trust Corp owned about 0.09% of Pearson, PLC worth $6,520,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of PSO. Bank of New York Mellon Corp raised its stake in Pearson, PLC by 41.3% during the 1st quarter. Bank of New York Mellon Corp now owns 34,427 shares of the company’s stock worth $292,000 after buying an additional 10,060 shares during the period. Morgan Stanley raised its stake in Pearson, PLC by 17.3% during the 1st quarter. Morgan Stanley now owns 223,462 shares of the company’s stock worth $1,894,000 after buying an additional 32,939 shares during the period. Paloma Partners Management Co acquired a new position in Pearson, PLC during the 1st quarter worth approximately $193,000. Credit Suisse AG raised its stake in Pearson, PLC by 10.0% during the 1st quarter. Credit Suisse AG now owns 200,000 shares of the company’s stock worth $1,696,000 after buying an additional 18,213 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in Pearson, PLC by 8.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 265,042 shares of the company’s stock worth $2,248,000 after buying an additional 19,690 shares during the period. 1.53% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Pearson, PLC (PSO) opened at $9.11 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.62 and a quick ratio of 1.49. Pearson, PLC has a twelve month low of $7.04 and a twelve month high of $10.31.
A number of analysts have commented on the company. Zacks Investment Research raised Pearson, PLC from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub lowered Pearson, PLC from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. BNP Paribas raised Pearson, PLC from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 27th. Finally, Deutsche Bank AG lowered Pearson, PLC from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold”.
About Pearson, PLC
Pearson plc (Pearson) is a learning company. The Company delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The Company operates through three segments, which include North America, Core and Growth.
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