Corient Private Wealth LLC Lowers Holdings in Pearson plc (NYSE:PSO)

Corient Private Wealth LLC lessened its stake in Pearson plc (NYSE:PSO) by 18.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,586 shares of the company’s stock after selling 13,302 shares during the period. Corient Private Wealth LLC’s holdings in Pearson were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently bought and sold shares of PSO. Versant Capital Management Inc purchased a new position in Pearson during the 4th quarter worth $26,000. SBI Securities Co. Ltd. purchased a new stake in shares of Pearson during the fourth quarter worth about $27,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Pearson during the third quarter valued at about $47,000. Smartleaf Asset Management LLC raised its position in shares of Pearson by 228.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,044 shares of the company’s stock valued at $65,000 after purchasing an additional 2,811 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Pearson by 39.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,807 shares of the company’s stock worth $110,000 after purchasing an additional 1,937 shares in the last quarter. Hedge funds and other institutional investors own 2.14% of the company’s stock.

Analyst Ratings Changes

PSO has been the subject of a number of research reports. National Bankshares set a $18.00 price objective on shares of Pearson in a report on Tuesday, February 18th. The Goldman Sachs Group started coverage on Pearson in a research report on Wednesday. They set a “buy” rating on the stock. Finally, StockNews.com raised Pearson from a “hold” rating to a “buy” rating in a report on Monday, March 3rd.

Pearson Stock Performance

NYSE:PSO opened at $15.96 on Friday. The stock has a market capitalization of $10.64 billion, a PE ratio of 16.97, a P/E/G ratio of 2.65 and a beta of 0.38. Pearson plc has a fifty-two week low of $11.78 and a fifty-two week high of $17.90. The company has a fifty day moving average of $16.55 and a two-hundred day moving average of $15.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78.

Pearson Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, March 21st will be paid a $0.2092 dividend. This is an increase from Pearson’s previous semi-annual dividend of $0.10. This represents a dividend yield of 1.7%. The ex-dividend date is Friday, March 21st. Pearson’s dividend payout ratio (DPR) is currently 43.62%.

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.