SG Americas Securities LLC decreased its holdings in Pearson PLC (NYSE:PSO) by 35.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,574 shares of the company’s stock after selling 51,855 shares during the quarter. SG Americas Securities LLC’s holdings in Pearson were worth $1,085,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Trexquant Investment LP acquired a new stake in shares of Pearson in the 1st quarter worth $106,000. Atria Investments LLC acquired a new stake in shares of Pearson in the 1st quarter worth $116,000. Claraphi Advisory Network LLC acquired a new stake in shares of Pearson in the 1st quarter worth $183,000. Atlas Capital Advisors LLC acquired a new stake in shares of Pearson in the 2nd quarter worth $232,000. Finally, Sensato Investors LLC acquired a new stake in shares of Pearson in the 1st quarter worth $455,000. 1.33% of the stock is owned by hedge funds and other institutional investors.
Shares of PSO opened at $11.54 on Thursday. Pearson PLC has a one year low of $7.62 and a one year high of $12.73. The company has a quick ratio of 1.86, a current ratio of 1.97 and a debt-to-equity ratio of 0.26.
The company also recently declared a semiannual dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Friday, August 17th will be given a dividend of $0.0722 per share. The ex-dividend date is Thursday, August 16th. This represents a yield of 1.24%. This is a boost from Pearson’s previous semiannual dividend of $0.07. Pearson’s payout ratio is currently 20.00%.
A number of research firms have recently weighed in on PSO. Citigroup cut Pearson from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 1st. BNP Paribas cut Pearson from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 9th. Credit Suisse Group cut Pearson from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 27th. Societe Generale cut Pearson from a “buy” rating to a “hold” rating in a research report on Thursday, July 5th. Finally, Barclays cut Pearson from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, June 13th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.00.
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.
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