National Wealth Management Group LLC Acquires New Shares in Pearson plc (NYSE:PSO)

National Wealth Management Group LLC acquired a new stake in Pearson plc (NYSE:PSO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,228 shares of the company’s stock, valued at approximately $126,000.

Several other institutional investors and hedge funds have also modified their holdings of PSO. Cerity Partners LLC raised its holdings in Pearson by 33.8% in the 4th quarter. Cerity Partners LLC now owns 16,751 shares of the company’s stock worth $206,000 after acquiring an additional 4,229 shares during the period. Ballentine Partners LLC raised its holdings in Pearson by 16.1% in the 4th quarter. Ballentine Partners LLC now owns 20,594 shares of the company’s stock worth $253,000 after acquiring an additional 2,849 shares during the period. Crane Advisory LLC bought a new position in Pearson in the 4th quarter worth $170,000. First Affirmative Financial Network raised its holdings in Pearson by 8.7% in the 4th quarter. First Affirmative Financial Network now owns 16,519 shares of the company’s stock worth $203,000 after acquiring an additional 1,328 shares during the period. Finally, 13D Management LLC raised its holdings in Pearson by 35.5% in the 3rd quarter. 13D Management LLC now owns 757,583 shares of the company’s stock worth $7,985,000 after acquiring an additional 198,674 shares during the period. Institutional investors and hedge funds own 2.14% of the company’s stock.

Pearson Stock Performance

Shares of NYSE:PSO traded up $0.12 on Tuesday, hitting $12.64. 311,542 shares of the company were exchanged, compared to its average volume of 386,185. The company’s 50 day moving average price is $12.62 and its two-hundred day moving average price is $12.14. Pearson plc has a one year low of $9.28 and a one year high of $13.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.67 and a current ratio of 1.73.

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. The ex-dividend date is Thursday, March 21st. This represents a dividend yield of 2.2%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Pearson from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,056.67.

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.