Mitsubishi UFJ Trust & Banking Corp bought a new stake in TAL Education Group (NYSE:TAL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 87,969 shares of the company’s stock, valued at approximately $10,759,000. Mitsubishi UFJ Trust & Banking Corp owned about 0.11% of TAL Education Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Greenleaf Trust purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $229,000. Creative Planning purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $257,000. Alta Advisers Ltd purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $257,000. Main Street Research LLC purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $291,000. Finally, Comerica Bank purchased a new stake in TAL Education Group in the 2nd quarter worth approximately $364,000. Hedge funds and other institutional investors own 8.63% of the company’s stock.

Several research firms have commented on TAL. UBS AG began coverage on TAL Education Group in a research report on Tuesday, August 1st. They issued a “buy” rating on the stock. Jefferies Group LLC restated a “buy” rating and issued a $29.33 price objective on shares of TAL Education Group in a research report on Monday, July 31st. Morgan Stanley began coverage on TAL Education Group in a research report on Friday, August 25th. They issued an “overweight” rating and a $37.00 price objective on the stock. Macquarie began coverage on TAL Education Group in a research report on Thursday, June 29th. They issued an “outperform” rating and a $27.50 price objective on the stock. Finally, J P Morgan Chase & Co upped their price objective on TAL Education Group to $31.67 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.76.

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TAL Education Group (NYSE:TAL) opened at 32.21 on Friday. TAL Education Group has a 52 week low of $10.19 and a 52 week high of $32.82. The stock’s 50 day moving average price is $28.28 and its 200 day moving average price is $21.27. The firm has a market capitalization of $15.92 billion, a P/E ratio of 132.55 and a beta of 0.26.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The firm had revenue of $321.90 million for the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group’s revenue for the quarter was up 65.0% on a year-over-year basis. On average, equities analysts expect that TAL Education Group will post $0.33 EPS for the current year.

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.

Institutional Ownership by Quarter for TAL Education Group (NYSE:TAL)

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