TAL Education Group (TAL) Shares Bought by Legal & General Group Plc

Legal & General Group Plc increased its stake in TAL Education Group (NYSE:TAL) by 852.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 880,934 shares of the company’s stock after purchasing an additional 788,448 shares during the period. Legal & General Group Plc owned approximately 0.18% of TAL Education Group worth $29,696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TAL. US Bancorp DE acquired a new position in TAL Education Group in the 2nd quarter worth $584,000. Great West Life Assurance Co. Can acquired a new position in TAL Education Group in the 2nd quarter worth $2,565,000. State of New Jersey Common Pension Fund D acquired a new position in TAL Education Group in the 2nd quarter worth $7,239,000. World Asset Management Inc acquired a new position in TAL Education Group in the 2nd quarter worth $329,000. Finally, Sei Investments Co. acquired a new position in TAL Education Group in the 2nd quarter worth $7,879,000. 51.34% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group (NYSE:TAL) traded down $0.71 during trading on Friday, hitting $29.04. 5,205,807 shares of the stock were exchanged, compared to its average volume of 4,281,662. TAL Education Group has a one year low of $11.02 and a one year high of $36.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $14,543.64, a P/E ratio of 123.96, a price-to-earnings-growth ratio of 1.38 and a beta of 0.19.

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

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

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TAL Education Group 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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