26,156 Shares in Pearson plc (NYSE:PSO) Acquired by Formidable Asset Management LLC

Formidable Asset Management LLC acquired a new position in shares of Pearson plc (NYSE:PSO) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,156 shares of the company’s stock, valued at approximately $422,000.

Several other institutional investors have also recently modified their holdings of PSO. ABC Arbitrage SA acquired a new position in shares of Pearson during the 4th quarter worth approximately $4,780,000. Northern Trust Corp raised its position in shares of Pearson by 69.0% during the 4th quarter. Northern Trust Corp now owns 705,622 shares of the company’s stock worth $11,375,000 after purchasing an additional 288,114 shares during the last quarter. Optiver Holding B.V. raised its position in shares of Pearson by 135.5% during the 4th quarter. Optiver Holding B.V. now owns 495,797 shares of the company’s stock worth $7,992,000 after purchasing an additional 285,234 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Pearson by 49.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 844,228 shares of the company’s stock worth $13,609,000 after purchasing an additional 279,369 shares during the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of Pearson during the 4th quarter worth approximately $1,224,000. 2.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on PSO. National Bankshares set a $18.00 price objective on Pearson in a research report on Tuesday, February 18th. The Goldman Sachs Group started coverage on Pearson in a report on Wednesday, March 26th. They issued a “buy” rating for the company. Finally, Wall Street Zen upgraded Pearson from a “hold” rating to a “buy” rating in a report on Monday, March 3rd.

Pearson Trading Up 0.5%

Shares of PSO opened at $16.64 on Friday. The stock has a fifty day moving average of $15.86 and a two-hundred day moving average of $16.06. 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 company has a market capitalization of $11.08 billion, a PE ratio of 17.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. Pearson plc has a fifty-two week low of $11.78 and a fifty-two week high of $17.90.

Pearson Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, March 21st were paid a dividend of $0.2092 per share. The ex-dividend date of this dividend was Friday, March 21st. This is a boost from Pearson’s previous semi-annual dividend of $0.10. This represents a dividend yield of 1.7%. Pearson’s payout ratio is currently 46.81%.

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.