Aviva PLC acquired a new position in TAL Education Group (NYSE:TAL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,300 shares of the company’s stock, valued at approximately $1,015,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Greenleaf Trust bought a new stake in TAL Education Group in the second quarter worth about $229,000. Creative Planning bought a new stake in TAL Education Group in the second quarter worth about $257,000. Main Street Research LLC bought a new stake in TAL Education Group in the second quarter worth about $291,000. Comerica Bank bought a new stake in TAL Education Group in the second quarter worth about $364,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in TAL Education Group in the second quarter worth about $324,000. 8.63% of the stock is owned by institutional investors and hedge funds.

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Shares of TAL Education Group (NYSE:TAL) opened at 30.93 on Tuesday. The stock’s 50 day moving average is $27.35 and its 200 day moving average is $20.77. TAL Education Group has a 1-year low of $10.19 and a 1-year high of $32.33. The company 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 posted its quarterly earnings data on Thursday, July 27th. The company reported $0.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.02. The firm had revenue of $321.90 million during the quarter, compared to analysts’ expectations of $306.46 million. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. The company’s revenue 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.

TAL has been the subject of several analyst reports. Goldman Sachs Group, Inc. (The) downgraded shares of TAL Education Group from a “buy” rating to a “neutral” rating and set a $22.17 price objective for the company. in a research note on Tuesday, May 16th. Macquarie initiated coverage on shares of TAL Education Group in a research note on Thursday, June 29th. They issued an “outperform” rating and a $27.50 price objective for the company. Citigroup Inc. initiated coverage on shares of TAL Education Group in a research note on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 price objective for the company. J P Morgan Chase & Co raised their price objective on shares of TAL Education Group to $31.67 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $29.33 price objective on shares of TAL Education Group in a research note on Monday, July 31st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price 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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Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

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