BNP Paribas Financial Markets Purchases 269,692 Shares of Pearson, PLC $PSO

BNP Paribas Financial Markets grew its position in shares of Pearson, PLC (NYSE:PSO) by 105.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 524,274 shares of the company’s stock after purchasing an additional 269,692 shares during the quarter. BNP Paribas Financial Markets owned about 0.08% of Pearson worth $7,361,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PSO. AQR Capital Management LLC raised its holdings in Pearson by 16.2% during the 1st quarter. AQR Capital Management LLC now owns 71,670 shares of the company’s stock worth $1,147,000 after purchasing an additional 9,977 shares during the last quarter. Millennium Management LLC bought a new position in Pearson during the 1st quarter worth approximately $11,546,000. NewEdge Advisors LLC raised its holdings in Pearson by 10,532.1% during the 1st quarter. NewEdge Advisors LLC now owns 25,836 shares of the company’s stock worth $414,000 after purchasing an additional 25,593 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Pearson by 2.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,144,680 shares of the company’s stock worth $34,336,000 after purchasing an additional 44,349 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Pearson by 672.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 261,605 shares of the company’s stock worth $3,906,000 after buying an additional 227,725 shares during the period. Institutional investors own 2.14% of the company’s stock.

Analysts Set New Price Targets

PSO has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Pearson from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings raised shares of Pearson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Pearson Trading Up 0.3%

Shares of PSO stock opened at $15.50 on Wednesday. Pearson, PLC has a 52 week low of $12.02 and a 52 week high of $15.64. The company has a quick ratio of 1.94, a current ratio of 2.00 and a debt-to-equity ratio of 0.39. The firm has a 50 day moving average of $14.55 and a 200-day moving average of $13.67.

About Pearson

Pearson plc is a global education company headquartered in London, England, with significant operations in North America, Europe, Asia, and Latin America. Tracing its roots back to 1844, Pearson evolved from its early beginnings into one of the world’s leading providers of educational content, digital learning tools, and assessment services. The company’s American subsidiary trades on the New York Stock Exchange under the symbol PSO.

Pearson’s core business encompasses a broad portfolio of products and services for learners, educators, and institutions.