Syon Capital LLC Makes New Investment in Pearson plc (NYSE:PSO)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of PSO. National Wealth Management Group LLC purchased a new position in shares of Pearson in the fourth quarter valued at $126,000. Sequoia Financial Advisors LLC purchased a new position in Pearson during the 3rd quarter valued at about $140,000. Crane Advisory LLC purchased a new position in Pearson during the 4th quarter valued at about $170,000. Signaturefd LLC lifted its holdings in shares of Pearson by 41.9% in the third quarter. Signaturefd LLC now owns 13,880 shares of the company’s stock worth $146,000 after buying an additional 4,098 shares in the last quarter. Finally, First Affirmative Financial Network lifted its holdings in shares of Pearson by 8.7% in the fourth quarter. First Affirmative Financial Network now owns 16,519 shares of the company’s stock worth $203,000 after buying an additional 1,328 shares in the last quarter. Institutional investors own 2.14% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Pearson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pearson presently has a consensus rating of “Moderate Buy” and an average target price of $1,056.67.

Pearson Price Performance

Shares of Pearson stock opened at $12.38 on Friday. 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 1 year low of $9.28 and a 1 year high of $13.18. The company has a 50 day simple moving average of $12.65 and a two-hundred day simple moving average of $12.18.

Pearson Increases Dividend

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

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.