Comerica Bank boosted its position in TAL Education Group (NYSE:TAL) by 500.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,748 shares of the company’s stock after purchasing an additional 12,290 shares during the period. Comerica Bank’s holdings in TAL Education Group were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. acquired a new stake in TAL Education Group in the second quarter worth approximately $153,000. Tower Research Capital LLC TRC acquired a new stake in TAL Education Group in the second quarter worth approximately $154,000. QS Investors LLC acquired a new stake in TAL Education Group in the second quarter worth approximately $208,000. Brighton Jones LLC acquired a new stake in TAL Education Group in the second quarter worth approximately $226,000. Finally, Alta Advisers Ltd acquired a new stake in TAL Education Group in the second quarter worth approximately $257,000. Hedge funds and other institutional investors own 51.34% of the company’s stock.

A number of equities research analysts have weighed in on TAL shares. Macquarie downgraded TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. Jefferies Group upped their target price on TAL Education Group to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Bank of America reiterated a “buy” rating and set a $40.30 price objective (up previously from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Finally, Morgan Stanley assumed coverage on TAL Education Group in a research report on Friday, August 25th. They set an “overweight” rating and a $37.00 price objective for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.16.

Shares of TAL Education Group (NYSE:TAL) traded up $0.45 during trading hours on Wednesday, hitting $27.78. The stock had a trading volume of 3,514,300 shares, compared to its average volume of 3,988,911. TAL Education Group has a one year low of $11.02 and a one year high of $36.16. The firm has a market cap of $13,360.60, a P/E ratio of 113.88, a PEG ratio of 1.27 and a beta of 0.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.14 and a quick ratio of 1.14.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The company had revenue of $455.80 million for the quarter, compared to analyst estimates of $441.18 million. The company’s revenue was up 68.1% on a year-over-year basis. research analysts expect that TAL Education Group will post 0.37 earnings per share for the current fiscal year.

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About TAL Education Group

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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