Janney Montgomery Scott LLC Has $257,000 Position in Pearson plc (NYSE:PSO)

Janney Montgomery Scott LLC raised its position in Pearson plc (NYSE:PSOGet Rating) by 21.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,838 shares of the company’s stock after acquiring an additional 4,969 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Pearson were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of PSO. Vestmark Advisory Solutions Inc. lifted its stake in shares of Pearson by 38.4% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 15,589 shares of the company’s stock worth $155,000 after buying an additional 4,327 shares during the last quarter. Signaturefd LLC lifted its stake in shares of Pearson by 81.6% during the 1st quarter. Signaturefd LLC now owns 11,101 shares of the company’s stock worth $111,000 after buying an additional 4,989 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of Pearson by 6.4% during the 1st quarter. Verdence Capital Advisors LLC now owns 52,755 shares of the company’s stock worth $526,000 after buying an additional 3,150 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Pearson by 119.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 212,741 shares of the company’s stock worth $2,121,000 after buying an additional 115,801 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its stake in shares of Pearson by 175.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 21,123 shares of the company’s stock worth $212,000 after buying an additional 13,454 shares during the last quarter. Institutional investors and hedge funds own 3.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PSO shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of Pearson from GBX 900 ($10.58) to GBX 1,140 ($13.40) in a research report on Wednesday, October 5th. Societe Generale raised their price target on shares of Pearson from GBX 945 ($11.10) to GBX 1,140 ($13.40) in a research report on Tuesday, October 25th. Credit Suisse Group raised their price target on shares of Pearson from GBX 975 ($11.46) to GBX 998 ($11.73) in a research report on Monday, October 3rd. JPMorgan Chase & Co. lowered their price target on shares of Pearson from GBX 1,080 ($12.69) to GBX 1,060 ($12.46) in a research report on Tuesday, October 25th. Finally, UBS Group raised their target price on shares of Pearson from GBX 620 ($7.29) to GBX 780 ($9.17) in a report on Tuesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Pearson has a consensus rating of “Hold” and a consensus price target of $989.71.

Pearson Price Performance

PSO stock opened at $11.50 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.95 and a debt-to-equity ratio of 0.26. Pearson plc has a 12 month low of $7.68 and a 12 month high of $11.55. The firm has a market cap of $8.29 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.98 and a beta of 0.33. The company’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $9.94.

Pearson Company Profile

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Pearson plc provides educational courseware, assessments, and services in the United Kingdom, the United States, Canada, the Asia Pacific, other European countries, and internationally. It operates through five segments: Assessment & Qualifications, Virtual Learning, English Language Learning, Higher Education, and Workforce Skills.

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Institutional Ownership by Quarter for Pearson (NYSE:PSO)

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