QRG Capital Management Inc. increased its position in Pearson plc (NYSE:PSO - Free Report) by 99.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,541 shares of the company's stock after purchasing an additional 24,699 shares during the quarter. QRG Capital Management Inc.'s holdings in Pearson were worth $799,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of PSO. Allspring Global Investments Holdings LLC increased its position in Pearson by 86.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,145 shares of the company's stock worth $43,000 after buying an additional 1,462 shares during the last quarter. US Bancorp DE increased its holdings in shares of Pearson by 4.3% during the 3rd quarter. US Bancorp DE now owns 55,400 shares of the company's stock worth $752,000 after acquiring an additional 2,278 shares during the last quarter. JNBA Financial Advisors raised its stake in Pearson by 44.5% in the 3rd quarter. JNBA Financial Advisors now owns 28,121 shares of the company's stock valued at $382,000 after acquiring an additional 8,659 shares during the period. Summit Global Investments acquired a new stake in Pearson during the 3rd quarter valued at $208,000. Finally, Crossmark Global Holdings Inc. boosted its position in Pearson by 61.1% during the third quarter. Crossmark Global Holdings Inc. now owns 153,338 shares of the company's stock worth $2,081,000 after purchasing an additional 58,136 shares during the period. 2.14% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE PSO opened at $17.77 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.72. The firm has a market cap of $11.84 billion, a price-to-earnings ratio of 18.90, a P/E/G ratio of 2.65 and a beta of 0.40. The stock's fifty day moving average price is $16.43 and its two-hundred day moving average price is $15.16. Pearson plc has a one year low of $11.78 and a one year high of $17.90.
The firm also recently declared 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. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Pearson's previous semi-annual dividend of $0.10. This represents a dividend yield of 1.7%. Pearson's dividend payout ratio is 20.21%.
Several brokerages have recently weighed in on PSO. National Bankshares set a $18.00 price objective on shares of Pearson in a research report on Tuesday, February 18th. The Goldman Sachs Group upgraded shares of Pearson to a "strong-buy" rating in a research note on Thursday, January 30th. Finally, StockNews.com upgraded shares of Pearson from a "hold" rating to a "buy" rating in a research report on Monday.
Get Our Latest Report on Pearson
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.
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