Syon Capital LLC Invests $288,000 in Pearson plc (NYSE:PSO)

Syon Capital LLC bought a new stake in shares of Pearson plc (NYSE:PSO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,447 shares of the company’s stock, valued at approximately $288,000.

A number of other large investors also recently added to or reduced their stakes in the business. National Wealth Management Group LLC purchased a new stake in Pearson during the 4th quarter valued at approximately $126,000. Sequoia Financial Advisors LLC bought a new position in shares of Pearson during the third quarter worth $140,000. Signaturefd LLC grew its stake in Pearson by 41.9% during the third quarter. Signaturefd LLC now owns 13,880 shares of the company’s stock valued at $146,000 after acquiring an additional 4,098 shares in the last quarter. Crane Advisory LLC bought a new stake in Pearson in the 4th quarter valued at $170,000. Finally, QRG Capital Management Inc. purchased a new stake in Pearson in the 3rd quarter worth $177,000. 2.14% of the stock is owned by hedge funds and other institutional investors.

Pearson Stock Down 0.3 %

NYSE PSO opened at $12.38 on Friday. The stock has a 50 day moving average price of $12.65 and a 200-day moving average price of $12.18. The company has a current ratio of 1.73, a quick ratio of 1.67 and a debt-to-equity ratio of 0.27. Pearson plc has a one year low of $9.28 and a one year high of $13.18.

Pearson Increases Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, May 8th. Investors of record on Friday, March 22nd will be issued a dividend of $0.1987 per share. This represents a yield of 2.2%. The ex-dividend date is Thursday, March 21st. This is a positive change from Pearson’s previous Semi-Annual dividend of $0.07.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Pearson from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.67.

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.