CIBC World Markets Inc. Invests $275,000 in Pearson PLC (NYSE:PSO)

CIBC World Markets Inc. purchased a new position in shares of Pearson PLC (NYSE:PSO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,054 shares of the company’s stock, valued at approximately $275,000.

Other large investors also recently modified their holdings of the company. US Bancorp DE raised its position in shares of Pearson by 28.3% during the 1st quarter. US Bancorp DE now owns 457,624 shares of the company’s stock valued at $5,025,000 after purchasing an additional 100,955 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Pearson by 21.2% during the 1st quarter. Quadrant Capital Group LLC now owns 12,044 shares of the company’s stock worth $130,000 after purchasing an additional 2,104 shares during the period. RFG Advisory LLC purchased a new position in shares of Pearson during the 1st quarter worth about $176,000. Steinberg Global Asset Management boosted its stake in shares of Pearson by 25.4% during the 1st quarter. Steinberg Global Asset Management now owns 111,347 shares of the company’s stock worth $1,223,000 after purchasing an additional 22,551 shares during the period. Finally, Financial Gravity Wealth Inc. bought a new stake in Pearson during the 1st quarter valued at about $192,000. 1.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE PSO opened at $10.22 on Wednesday. The stock has a market capitalization of $7.98 billion, a PE ratio of 10.87 and a beta of 0.05. The company has a quick ratio of 2.06, a current ratio of 2.16 and a debt-to-equity ratio of 0.15. Pearson PLC has a 52 week low of $9.70 and a 52 week high of $13.19.

Several research firms have recently commented on PSO. JPMorgan Chase & Co. upgraded shares of Pearson from a “neutral” rating to an “overweight” rating in a report on Friday, March 22nd. UBS Group started coverage on shares of Pearson in a research report on Thursday, March 7th. They issued a “neutral” rating and a $10.89 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Pearson from a “hold” rating to a “sell” rating in a research report on Thursday, May 23rd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.89.

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Pearson Company Profile

Pearson plc provides educational products and services to institutions, governments, professional bodies, and individual learners worldwide. The company operates through three segments: North America, Core, and Growth. It offers courseware services, including curriculum materials provided in book form and/or via access to digital content; and assessments, such as test development, processing, and scoring services.

Further Reading: Determine Your Level of Risk Tolerance

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Institutional Ownership by Quarter for Pearson (NYSE:PSO)

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