Franklin Resources Inc. grew its holdings in shares of TAL Education Group (NYSE:TAL) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,981,566 shares of the company’s stock after purchasing an additional 539,768 shares during the quarter. Franklin Resources Inc. owned approximately 1.02% of TAL Education Group worth $148,002,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of 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 valued at $959,000 after acquiring an additional 3,729 shares during the last quarter. Envestnet Asset Management Inc. boosted its position 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 during the last quarter. Creative Planning boosted its position 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 during the last quarter. CIBC Asset Management Inc acquired a new position in shares of TAL Education Group during the 3rd quarter valued at about $215,000. Finally, Apriem Advisors acquired a new position in shares of TAL Education Group during the 3rd quarter valued at about $216,000. 55.98% of the stock is currently owned by institutional investors.
Several research analysts have recently weighed in on TAL shares. ValuEngine cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Deutsche Bank started coverage on shares of TAL Education Group in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price 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, meeting the consensus estimate of $0.07. The firm had revenue of $433.27 million for the quarter. TAL Education Group had a net margin of 10.55% and a return on equity of 19.59%. equities analysts predict that TAL Education Group will post 0.33 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This report was first published by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/03/14/franklin-resources-inc-acquires-539768-shares-of-tal-education-group-tal.html.
TAL Education Group Company 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.
Receive News & Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related companies with MarketBeat.com's FREE daily email newsletter.