APG Asset Management N.V. reduced its position in TAL Education Group (NYSE:TAL) by 81.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,028 shares of the company’s stock after selling 648,020 shares during the period. APG Asset Management N.V.’s holdings in TAL Education Group were worth $3,455,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Jump Trading LLC purchased a new position in TAL Education Group during the 4th quarter valued at about $433,000. Macquarie Group Ltd. lifted its position in shares of TAL Education Group by 22.1% in the third quarter. Macquarie Group Ltd. now owns 31,500 shares of the company’s stock worth $810,000 after purchasing an additional 5,700 shares in the last quarter. DNB Asset Management AS boosted its holdings in shares of TAL Education Group by 56.5% during the fourth quarter. DNB Asset Management AS now owns 623,962 shares of the company’s stock worth $16,647,000 after purchasing an additional 225,362 shares during the period. Legal & General Group Plc boosted its holdings in shares of TAL Education Group by 26.8% during the fourth quarter. Legal & General Group Plc now owns 2,057,903 shares of the company’s stock worth $54,905,000 after purchasing an additional 435,420 shares during the period. Finally, Vanguard Group Inc. grew its position in TAL Education Group by 13.2% during the third quarter. Vanguard Group Inc. now owns 11,124,901 shares of the company’s stock valued at $286,021,000 after purchasing an additional 1,298,107 shares in the last quarter. 58.80% of the stock is currently owned by institutional investors and hedge funds.
TAL opened at $36.97 on Friday. The stock has a market cap of $21.09 billion, a PE ratio of 65.26 and a beta of 0.12. TAL Education Group has a fifty-two week low of $21.08 and a fifty-two week high of $47.63.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, January 24th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.16. The business had revenue of $585.99 million during the quarter, compared to analysts’ expectations of $573.90 million. TAL Education Group had a return on equity of 18.88% and a net margin of 14.40%. The firm’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, equities research analysts anticipate that TAL Education Group will post 0.55 earnings per share for the current fiscal year.
Several research firms have weighed in on TAL. Morgan Stanley upgraded shares of TAL Education Group from an “equal weight” rating to an “overweight” rating and set a $34.90 price objective on the stock in a research note on Monday, March 25th. Zacks Investment Research lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. ValuEngine upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. TheStreet upgraded shares of TAL Education Group from a “c+” rating to a “b-” rating in a report on Friday, January 25th. Finally, Macquarie set a $32.00 price target on shares of TAL Education Group and gave the stock a “buy” rating in a research note on Tuesday, January 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.15.
TAL Education Group Profile
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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