Pearson, PLC (PSO) Given Consensus Rating of “Hold” by Brokerages
Shares of Pearson, PLC (NYSE:PSO) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company.
Several analysts have issued reports on the stock. Zacks Investment Research raised shares of Pearson, PLC from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Saturday, June 3rd. BidaskClub raised shares of Pearson, PLC from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Macquarie upgraded Pearson, PLC from a “neutral” rating to an “outperform” rating in a research note on Friday, July 14th.
Shares of Pearson, PLC (NYSE PSO) traded down 1.67% during mid-day trading on Tuesday, hitting $7.66. 246,034 shares of the stock traded hands. The stock has a 50-day moving average of $8.00 and a 200 day moving average of $8.39. The stock’s market cap is $6.24 billion. Pearson, PLC has a one year low of $7.04 and a one year high of $10.45.
The firm also recently announced a semiannual dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.065 per share. This represents a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 16th.
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Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Pearson, PLC by 45.8% during the 2nd quarter. Royal Bank of Canada now owns 905,813 shares of the company’s stock valued at $8,125,000 after buying an additional 284,612 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Pearson, PLC by 6.7% during the 2nd quarter. Northern Trust Corp now owns 726,814 shares of the company’s stock valued at $6,520,000 after buying an additional 45,855 shares during the last quarter. UBS Group AG boosted its stake in shares of Pearson, PLC by 22.3% during the 1st quarter. UBS Group AG now owns 491,555 shares of the company’s stock valued at $4,168,000 after buying an additional 89,765 shares during the last quarter. Aperio Group LLC lifted its stake in Pearson, PLC by 16.2% during the second quarter. Aperio Group LLC now owns 479,919 shares of the company’s stock worth $4,305,000 after purchasing an additional 66,839 shares during the last quarter. Finally, Karp Capital Management Corp bought a new position in Pearson, PLC during the first quarter worth $3,503,000. Institutional investors own 1.64% of the company’s stock.
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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