DeVry Education Group Inc. Declares Dividend of $0.18 (dv)
DeVry Education Group Inc. (NYSE:dv) announced a dividend on Monday, November 14th. Shareholders of record on Friday, December 2nd will be given a dividend of 0.18 per share on Thursday, December 22nd. The ex-dividend date is Wednesday, November 30th.
Shares of DeVry Education Group (NYSE:DV) opened at 27.90 on Tuesday. The firm has a 50-day moving average of $23.27 and a 200 day moving average of $21.05. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 108.14 and a beta of 0.90. DeVry Education Group has a 1-year low of $15.36 and a 1-year high of $28.45.
DeVry Education Group (NYSE:DV) last announced its earnings results on Tuesday, November 1st. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $449.90 million for the quarter, compared to the consensus estimate of $443.62 million. DeVry Education Group had a net margin of 0.89% and a return on equity of 10.49%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. Equities research analysts forecast that DeVry Education Group will post $2.55 earnings per share for the current year.
In other DeVry Education Group news, insider Ronald L. Taylor sold 44,100 shares of the company’s stock in a transaction that occurred on Friday, September 2nd. The shares were sold at an average price of $22.82, for a total transaction of $1,006,362.00. Following the completion of the sale, the insider now directly owns 742,649 shares of the company’s stock, valued at $16,947,250.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Donna M. Loraine sold 2,079 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $23.03, for a total transaction of $47,879.37. Following the sale, the insider now directly owns 7,641 shares of the company’s stock, valued at $175,972.23. The disclosure for this sale can be found here. 5.61% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Fairpointe Capital LLC boosted its stake in shares of DeVry Education Group by 29.3% in the second quarter. Fairpointe Capital LLC now owns 6,702,180 shares of the company’s stock worth $119,566,000 after buying an additional 1,520,615 shares in the last quarter. Morgan Stanley boosted its stake in shares of DeVry Education Group by 268.1% in the third quarter. Morgan Stanley now owns 669,780 shares of the company’s stock worth $15,444,000 after buying an additional 487,817 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of DeVry Education Group by 231.2% in the second quarter. AQR Capital Management LLC now owns 517,913 shares of the company’s stock worth $9,240,000 after buying an additional 361,561 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of DeVry Education Group during the third quarter worth approximately $2,730,000. Finally, WBI Investments Inc. acquired a new stake in shares of DeVry Education Group during the second quarter worth approximately $2,109,000.
A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group AG set a $24.00 target price on shares of DeVry Education Group and gave the company a “hold” rating in a research note on Sunday, October 2nd. Barrington Research raised shares of DeVry Education Group from a “market perform” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Wednesday, September 14th. Piper Jaffray Cos. reissued an “overweight” rating and set a $35.00 price objective on shares of DeVry Education Group in a research note on Sunday, August 21st. Finally, Zacks Investment Research raised shares of DeVry Education Group from a “sell” rating to a “hold” rating and set a $26.00 price objective on the stock in a research note on Thursday, November 3rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $24.75.
About DeVry Education Group
DeVry Education Group Inc (DeVry Group) is a global provider of educational services. DeVry Group’s focuses on empowering its students to achieve their educational and career goals. DeVry Group’s institutions offer a range of programs in healthcare, technology, business, accounting, finance and law. The Company operates in three segments: Medical and Healthcare; International and Professional Education, and Business, Technology and Management.
Receive News & Stock Ratings for DeVry Education Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DeVry Education Group Inc. and related stocks with our FREE daily email newsletter.