Pearson plc (NYSE:PSO) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its position in Pearson plc (NYSE:PSO - Free Report) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 844,228 shares of the company's stock after purchasing an additional 279,369 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.13% of Pearson worth $13,609,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC raised its holdings in shares of Pearson by 7.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 13,944 shares of the company's stock worth $225,000 after acquiring an additional 941 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Pearson by 0.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 154,460 shares of the company's stock valued at $2,490,000 after purchasing an additional 1,122 shares during the period. Gitterman Wealth Management LLC grew its stake in shares of Pearson by 9.0% in the fourth quarter. Gitterman Wealth Management LLC now owns 15,397 shares of the company's stock worth $248,000 after acquiring an additional 1,276 shares in the last quarter. Versant Capital Management Inc acquired a new position in Pearson during the 4th quarter worth $26,000. Finally, Truist Financial Corp increased its stake in shares of Pearson by 15.9% during the fourth quarter. Truist Financial Corp now owns 11,842 shares of the company's stock worth $191,000 after buying an additional 1,625 shares during the period. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. The Goldman Sachs Group started coverage on Pearson in a report on Wednesday, March 26th. They issued a "buy" rating on the stock. National Bankshares set a $18.00 price target on shares of Pearson in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded Pearson from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd.

Pearson Price Performance

PSO stock traded up $0.93 on Wednesday, reaching $15.74. 1,798,688 shares of the company's stock were exchanged, compared to its average volume of 428,022. Pearson plc has a twelve month low of $11.78 and a twelve month 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 stock has a fifty day moving average of $16.43 and a 200-day moving average of $15.58. The firm has a market cap of $10.49 billion, a PE ratio of 16.74, a P/E/G ratio of 2.65 and a beta of 0.42.

Pearson Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Friday, May 16th. Investors of record on Friday, March 21st will be paid a $0.2092 dividend. This is a boost from Pearson's previous semi-annual dividend of $0.10. The ex-dividend date of this dividend is Friday, March 21st. This represents a dividend yield of 1.7%. Pearson's dividend payout ratio (DPR) is 43.62%.

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.