Pearson plc (NYSE:PSO) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN increased its position in shares of Pearson plc (NYSE:PSO) by 45.6% during the fourth quarter, Holdings Channel reports. The fund owned 8,418 shares of the company’s stock after acquiring an additional 2,637 shares during the quarter. Wells Fargo & Company MN’s holdings in Pearson were worth $136,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Pearson in the fourth quarter valued at $27,000. Wilmington Savings Fund Society FSB acquired a new position in Pearson during the third quarter worth approximately $47,000. Smartleaf Asset Management LLC grew its position in Pearson by 228.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,044 shares of the company’s stock valued at $65,000 after acquiring an additional 2,811 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Pearson by 39.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 6,807 shares of the company’s stock valued at $110,000 after buying an additional 1,937 shares during the period. Finally, Savant Capital LLC acquired a new position in Pearson during the fourth quarter valued at approximately $181,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Trading Up 0.8 %

NYSE:PSO opened at $15.78 on Friday. Pearson plc has a 52 week low of $11.78 and a 52 week high of $17.90. The company has a quick ratio of 1.72, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company has a market cap of $10.51 billion, a PE ratio of 16.79, a P/E/G ratio of 2.65 and a beta of 0.62. The business’s 50 day moving average is $15.94 and its two-hundred day moving average is $15.94.

Pearson Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, March 21st will be paid a dividend of $0.2092 per share. This is a positive change from Pearson’s previous semi-annual dividend of $0.10. The ex-dividend date of this dividend is Friday, March 21st. This represents a yield of 1.7%. Pearson’s payout ratio is presently 43.62%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PSO. The Goldman Sachs Group assumed coverage on shares of Pearson in a research report on Wednesday, March 26th. They issued a “buy” rating for the company. National Bankshares set a $18.00 target price on Pearson in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of Pearson from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd.

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.