144,858 Shares in TAL Education Group (TAL) Acquired by Sumitomo Mitsui Trust Holdings Inc.
Sumitomo Mitsui Trust Holdings Inc. bought a new position in TAL Education Group (NYSE:TAL) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 144,858 shares of the company’s stock, valued at approximately $17,718,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.18% of TAL Education Group as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Xact Kapitalforvaltning AB bought a new stake in shares of TAL Education Group during the second quarter worth approximately $734,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of TAL Education Group during the second quarter worth approximately $1,260,000. Greenleaf Trust bought a new stake in shares of TAL Education Group during the second quarter worth approximately $229,000. Seatown Holdings Pte. Ltd. bought a new stake in shares of TAL Education Group during the second quarter worth approximately $13,555,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in shares of TAL Education Group during the second quarter worth approximately $13,124,000. Hedge funds and other institutional investors own 8.63% of the company’s stock.
TAL Education Group (TAL) opened at 30.93 on Friday. TAL Education Group has a 12 month low of $10.19 and a 12 month high of $32.33. The firm’s 50-day moving average price is $27.35 and its 200-day moving average price is $20.77. The stock has a market cap of $15.29 billion, a P/E ratio of 127.28 and a beta of 0.26.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The business had revenue of $321.90 million for the quarter, compared to analyst estimates of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company’s revenue for the quarter was up 65.0% compared to the same quarter last year. On average, analysts predict that TAL Education Group will post $0.33 earnings per share for the current year.
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A number of analysts have recently commented on TAL shares. Jefferies Group LLC restated a “buy” rating and issued a $29.33 target price on shares of TAL Education Group in a research note on Monday, July 31st. Morgan Stanley started coverage on TAL Education Group in a research note on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price on the stock. Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday. UBS AG started coverage on TAL Education Group in a research note on Tuesday, August 1st. They issued a “buy” rating on the stock. Finally, J P Morgan Chase & Co upped their target price on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $25.76.
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.
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