Pearson plc (NYSE:PSO) Position Increased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in Pearson plc (NYSE:PSO) by 64.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 310,054 shares of the company’s stock after acquiring an additional 122,054 shares during the period. Hsbc Holdings PLC’s holdings in Pearson were worth $3,868,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PSO. US Bancorp DE grew its position in Pearson by 13.3% during the 4th quarter. US Bancorp DE now owns 53,600 shares of the company’s stock worth $659,000 after purchasing an additional 6,285 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Pearson by 11.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 83,338 shares of the company’s stock valued at $1,024,000 after buying an additional 8,333 shares during the period. Barometer Capital Management Inc. purchased a new stake in Pearson in the 4th quarter worth about $119,000. Syon Capital LLC acquired a new stake in Pearson during the 4th quarter worth about $288,000. Finally, Goldman Sachs Group Inc. grew its stake in Pearson by 6.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,239,694 shares of the company’s stock valued at $27,526,000 after acquiring an additional 142,801 shares in the last quarter. Institutional investors and hedge funds own 2.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PSO shares. Citigroup raised shares of Pearson to a “strong-buy” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Pearson from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th.

Pearson Price Performance

Shares of Pearson stock opened at $13.70 on Wednesday. The stock has a 50-day simple moving average of $13.53 and a 200-day simple moving average of $12.86. Pearson plc has a 52-week low of $10.31 and a 52-week high of $14.20. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34.

Pearson Cuts Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 9th were given a $0.095 dividend. This represents a yield of 2.2%. The ex-dividend date of this dividend was Friday, August 9th.

Pearson Company 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.