Allianz Asset Management GmbH increased its holdings in TAL Education Group (NYSE:TAL) by 56.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,845 shares of the company’s stock after purchasing an additional 112,341 shares during the period. Allianz Asset Management GmbH’s holdings in TAL Education Group were worth $9,295,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. DnB Asset Management AS boosted its holdings in TAL Education Group by 110.6% in the fourth quarter. DnB Asset Management AS now owns 865,400 shares of the company’s stock worth $25,711,000 after purchasing an additional 454,400 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in TAL Education Group by 3,150.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 19,500 shares of the company’s stock worth $579,000 after acquiring an additional 18,900 shares during the last quarter. Wealthsource Partners LLC lifted its position in TAL Education Group by 305.5% during the 3rd quarter. Wealthsource Partners LLC now owns 15,168 shares of the company’s stock worth $511,000 after acquiring an additional 11,427 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in TAL Education Group by 516.5% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 63,500 shares of the company’s stock worth $2,141,000 after acquiring an additional 53,200 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new position in TAL Education Group during the 3rd quarter worth $20,098,000. Hedge funds and other institutional investors own 55.98% of the company’s stock.
A number of research analysts have weighed in on TAL shares. ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Finally, Deutsche Bank started coverage on shares of TAL Education Group in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. TAL Education Group presently has an average rating of “Buy” and an average target price of $31.55.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. The business had revenue of $433.27 million during the quarter. TAL Education Group had a net margin of 10.55% and a return on equity of 19.59%. equities analysts expect that TAL Education Group will post 0.33 earnings per share for the current year.
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.
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