Northern Trust Corp lessened its stake in shares of TAL Education Group (NYSE:TAL) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,284,891 shares of the company’s stock after selling 26,895 shares during the period. Northern Trust Corp owned 0.40% of TAL Education Group worth $60,961,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TAL. Morgan Stanley grew its holdings in TAL Education Group by 29.5% during the third quarter. Morgan Stanley now owns 42,394,504 shares of the company’s stock valued at $1,089,963,000 after purchasing an additional 9,662,071 shares during the last quarter. Discovery Value Fund acquired a new position in TAL Education Group during the fourth quarter valued at approximately $56,212,000. Franklin Resources Inc. grew its holdings in TAL Education Group by 52.3% during the third quarter. Franklin Resources Inc. now owns 6,102,841 shares of the company’s stock valued at $156,903,000 after purchasing an additional 2,095,054 shares during the last quarter. Renaissance Technologies LLC acquired a new position in TAL Education Group during the third quarter valued at approximately $46,618,000. Finally, BlackRock Inc. grew its holdings in TAL Education Group by 9.3% during the third quarter. BlackRock Inc. now owns 15,609,607 shares of the company’s stock valued at $401,325,000 after purchasing an additional 1,329,357 shares during the last quarter. Institutional investors own 58.24% of the company’s stock.

Several equities analysts have commented on TAL shares. Macquarie set a $32.00 price target on TAL Education Group and gave the company a “buy” rating in a report on Tuesday, January 15th. Citigroup upgraded TAL Education Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, January 29th. ValuEngine downgraded TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Finally, TheStreet upgraded TAL Education Group from a “c+” rating to a “b-” rating in a report on Friday, January 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.20.

Shares of TAL Education Group stock opened at $34.03 on Friday. The firm has a market capitalization of $19.29 billion, a PE ratio of 100.09 and a beta of 0.13. TAL Education Group has a 1 year low of $21.08 and a 1 year high of $47.63.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, January 24th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.16. The business had revenue of $585.99 million for the quarter, compared to the consensus estimate of $573.90 million. TAL Education Group had a net margin of 14.40% and a return on equity of 18.88%. TAL Education Group’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. Research analysts expect that TAL Education Group will post 0.55 EPS for the current year.

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TAL Education Group Profile

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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

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