Mount Yale Investment Advisors LLC bought a new stake in Pearson PLC (NYSE:PSO) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 21,490 shares of the company’s stock, valued at approximately $249,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Guggenheim Capital LLC lifted its stake in shares of Pearson by 8.7% in the 1st quarter. Guggenheim Capital LLC now owns 52,715 shares of the company’s stock worth $555,000 after acquiring an additional 4,211 shares during the period. Bank of Montreal Can lifted its stake in shares of Pearson by 10.3% in the second quarter. Bank of Montreal Can now owns 88,548 shares of the company’s stock valued at $1,027,000 after purchasing an additional 8,295 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Pearson in the second quarter valued at about $102,000. Trexquant Investment LP acquired a new stake in shares of Pearson in the first quarter valued at about $106,000. Finally, Aperio Group LLC lifted its stake in shares of Pearson by 3.3% in the first quarter. Aperio Group LLC now owns 469,831 shares of the company’s stock valued at $4,947,000 after purchasing an additional 15,022 shares during the period. 1.34% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE PSO traded up $0.03 during trading on Friday, reaching $10.25. 267,963 shares of the stock were exchanged, compared to its average volume of 309,580. Pearson PLC has a twelve month low of $8.17 and a twelve month high of $12.73. The company has a current ratio of 1.97, a quick ratio of 1.86 and a debt-to-equity ratio of 0.26. The stock has a market cap of $8.99 billion, a P/E ratio of 14.64 and a beta of 0.09.

The company also recently announced a semiannual dividend, which was paid on Wednesday, September 19th. Stockholders of record on Friday, August 17th were given a dividend of $0.0722 per share. This is a boost from Pearson’s previous semiannual dividend of $0.07. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, August 16th. Pearson’s payout ratio is presently 20.00%.

Several equities analysts have weighed in on PSO shares. Citigroup downgraded shares of Pearson from a “buy” rating to a “neutral” rating in a report on Wednesday, August 1st. Societe Generale downgraded shares of Pearson from a “buy” rating to a “hold” rating in a report on Thursday, July 5th. Finally, Credit Suisse Group downgraded shares of Pearson from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 27th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.00.

Pearson Profile

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

Read More: Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Pearson (NYSE:PSO)

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