Signaturefd LLC Grows Stock Holdings in Pearson plc (NYSE:PSO)

Signaturefd LLC raised its stake in Pearson plc (NYSE:PSO) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,934 shares of the company’s stock after buying an additional 1,939 shares during the period. Signaturefd LLC’s holdings in Pearson were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in PSO. Bank of Montreal Can purchased a new stake in Pearson in the 2nd quarter valued at about $3,849,000. Renaissance Technologies LLC boosted its position in Pearson by 68.4% in the 2nd quarter. Renaissance Technologies LLC now owns 421,620 shares of the company’s stock valued at $5,262,000 after buying an additional 171,220 shares during the period. Hsbc Holdings PLC boosted its position in Pearson by 64.9% in the 2nd quarter. Hsbc Holdings PLC now owns 310,054 shares of the company’s stock valued at $3,868,000 after buying an additional 122,054 shares during the period. Millennium Management LLC boosted its position in Pearson by 66.3% in the 2nd quarter. Millennium Management LLC now owns 298,063 shares of the company’s stock valued at $3,720,000 after buying an additional 118,822 shares during the period. Finally, Marshall Wace LLP purchased a new stake in Pearson in the 2nd quarter valued at about $1,447,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Stock Performance

NYSE:PSO opened at $13.52 on Friday. Pearson plc has a one year low of $11.05 and a one year high of $14.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 1.78. The firm has a market cap of $9.01 billion, a P/E ratio of 15.19, a P/E/G ratio of 2.40 and a beta of 0.40. The firm has a 50-day simple moving average of $13.62 and a 200-day simple moving average of $12.94.

Pearson Cuts Dividend

The company also recently disclosed a Semi-Annual dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 9th were paid a dividend of $0.095 per share. The ex-dividend date was Friday, August 9th. This represents a dividend yield of 2.2%. Pearson’s dividend payout ratio (DPR) is presently 21.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PSO shares. Citigroup upgraded shares of Pearson to a “strong-buy” rating in a report on Tuesday, July 30th. StockNews.com upgraded shares of Pearson from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th.

About 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.