Northern Trust Corp Takes $39.82 Million Position in TAL Education Group (TAL)

Northern Trust Corp acquired a new stake in TAL Education Group (NYSE:TAL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 325,545 shares of the company’s stock, valued at approximately $39,819,000. Northern Trust Corp owned about 0.40% of TAL Education Group at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Penserra Capital Management LLC acquired a new position in shares of TAL Education Group in the second quarter valued at approximately $122,000. Oppenheimer Asset Management Inc. acquired a new position in shares of TAL Education Group in the second quarter valued at approximately $153,000. Brighton Jones LLC acquired a new position in shares of TAL Education Group in the second quarter valued at approximately $226,000. Greenleaf Trust acquired a new position in shares of TAL Education Group in the second quarter valued at approximately $229,000. Finally, Creative Planning acquired a new position in shares of TAL Education Group in the second quarter valued at approximately $257,000. 8.59% of the stock is owned by institutional investors and hedge funds.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $321.90 million during the quarter, compared to analyst estimates of $306.46 million. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. TAL Education Group’s revenue for the quarter was up 65.0% compared to the same quarter last year.

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TAL has been the subject of a number of analyst reports. Jefferies Group LLC boosted their price objective on shares of TAL Education Group to $35.00 and gave the company a “buy” rating in a research report on Monday, August 28th. Macquarie initiated coverage on shares of TAL Education Group in a research report on Thursday, June 29th. They issued an “outperform” rating and a $27.50 price objective for the company. Zacks Investment Research lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. J P Morgan Chase & Co boosted their price objective on shares of TAL Education Group to $31.67 and gave the company an “overweight” rating in a research report on Thursday, July 27th. Finally, Bank of America Corporation reissued a “buy” rating and issued a $40.30 price objective (up previously from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. TAL Education Group presently has a consensus rating of “Buy” and an average price target of $28.29.

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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