Pearson (NYSE:PSO) Downgraded to “Hold” Rating by Wall Street Zen

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

Several other equities analysts have also recently weighed in on PSO. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Pearson in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Pearson in a report on Monday, August 3rd. Weiss Ratings raised Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. Finally, The Goldman Sachs Group lowered Pearson from a “buy” rating to a “neutral” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Pearson Trading Up 0.0%

Pearson stock opened at $16.46 on Friday. 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 has a fifty-two week low of $12.02 and a fifty-two week high of $17.75. The firm has a fifty day moving average price of $16.10 and a two-hundred day moving average price of $14.45.

Pearson Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, September 21st. Investors of record on Friday, August 14th will be given a $0.1103 dividend. This represents a yield of 130.0%. The ex-dividend date of this dividend is Friday, August 14th.

Institutional Investors Weigh In On Pearson

Several institutional investors and hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC lifted its holdings in shares of Pearson by 952.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,757 shares of the company’s stock worth $25,000 after acquiring an additional 1,590 shares during the period. Kestra Advisory Services LLC acquired a new position in Pearson in the fourth quarter worth about $35,000. Farther Finance Advisors LLC lifted its stake in Pearson by 54.2% during the fourth quarter. Farther Finance Advisors LLC now owns 2,947 shares of the company’s stock worth $41,000 after purchasing an additional 1,036 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Pearson during the fourth quarter worth about $42,000. Finally, Royal Bank of Canada boosted its holdings in Pearson by 86.5% during the first quarter. Royal Bank of Canada now owns 5,613 shares of the company’s stock valued at $74,000 after purchasing an additional 2,604 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.