Pearson plc (NYSE:PSO) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its holdings in shares of Pearson plc (NYSE:PSO) by 39.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,807 shares of the company’s stock after purchasing an additional 1,937 shares during the period. EverSource Wealth Advisors LLC’s holdings in Pearson were worth $110,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in Pearson by 7.2% during the fourth 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. HighTower Advisors LLC boosted its position in shares of Pearson by 6.6% during the 4th quarter. HighTower Advisors LLC now owns 59,690 shares of the company’s stock worth $962,000 after purchasing an additional 3,710 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Pearson during the 4th quarter worth $225,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Pearson by 9.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 70,946 shares of the company’s stock valued at $1,144,000 after purchasing an additional 6,401 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Pearson in the fourth quarter valued at about $27,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PSO shares. StockNews.com upgraded shares of Pearson from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. National Bankshares set a $18.00 price objective on Pearson in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group upgraded Pearson to a “strong-buy” rating in a research report on Thursday, January 30th.

Pearson Stock Performance

NYSE:PSO opened at $16.43 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.72 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $10.95 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 2.65 and a beta of 0.38. The firm has a 50-day moving average price of $16.53 and a two-hundred day moving average price of $15.37. Pearson plc has a twelve month low of $11.78 and a twelve month high of $17.90.

Pearson Increases Dividend

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

Pearson 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.