Allianz Asset Management GmbH boosted its position in shares of TAL Education Group (NYSE:TAL) by 56.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 312,845 shares of the company’s stock after purchasing an additional 112,341 shares during the period. Allianz Asset Management GmbH owned 0.06% of TAL Education Group worth $9,295,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in TAL Education Group by 14.1% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,129 shares of the company’s stock worth $959,000 after purchasing an additional 3,729 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of TAL Education Group by 531.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,909 shares of the company’s stock valued at $166,000 after acquiring an additional 4,131 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of TAL Education Group during the 2nd quarter valued at $514,000. Creative Planning grew its holdings in shares of TAL Education Group by 39.7% during the 4th quarter. Creative Planning now owns 18,500 shares of the company’s stock valued at $550,000 after acquiring an additional 5,258 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of TAL Education Group during the 3rd quarter valued at $215,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.
Several research firms have recently commented on TAL. Zacks Investment Research upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Deutsche Bank began coverage on shares of TAL Education Group in a report on Thursday, January 4th. They set a “buy” rating and a $35.00 price target on the stock. Finally, ValuEngine cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. TAL Education Group currently has an average rating of “Buy” and an average price target of $31.55.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $433.27 million during the quarter. TAL Education Group had a net margin of 10.55% and a return on equity of 19.59%. sell-side analysts predict that TAL Education Group will post 0.33 earnings per share for the current year.
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TAL Education Group Profile
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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