Pearson plc (NYSE:PSO) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in Pearson plc (NYSE:PSO) by 169.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,382 shares of the company’s stock after purchasing an additional 1,498 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Pearson were worth $29,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. National Wealth Management Group LLC acquired a new position in Pearson in the 4th quarter valued at $126,000. Sequoia Financial Advisors LLC purchased a new position in shares of Pearson in the third quarter worth about $140,000. Signaturefd LLC boosted its position in Pearson by 41.9% during the third quarter. Signaturefd LLC now owns 13,880 shares of the company’s stock worth $146,000 after acquiring an additional 4,098 shares during the last quarter. Quadrant Capital Group LLC grew its stake in Pearson by 18.0% during the 4th quarter. Quadrant Capital Group LLC now owns 13,473 shares of the company’s stock valued at $166,000 after acquiring an additional 2,054 shares in the last quarter. Finally, Crane Advisory LLC acquired a new stake in Pearson in the 4th quarter valued at about $170,000. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Pearson from a “hold” rating to a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,056.67.

Pearson Price Performance

NYSE PSO traded up $0.14 during trading hours on Friday, hitting $12.41. 362,397 shares of the company were exchanged, compared to its average volume of 463,619. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.73 and a quick ratio of 1.67. The company has a 50 day moving average of $12.67 and a two-hundred day moving average of $12.22. Pearson plc has a 52-week low of $9.77 and a 52-week high of $13.18.

Pearson Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Friday, March 22nd will be issued a $0.1987 dividend. This represents a dividend yield of 2.2%. This is a positive change from Pearson’s previous Semi-Annual dividend of $0.07. The ex-dividend date of this dividend is Thursday, March 21st.

Pearson Profile

Pearson plc offers educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. The company operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Workforce Skills, and Higher Education.