State of New Jersey Common Pension Fund D bought a new stake in shares of TAL Education Group (NYSE:TAL) during the second quarter, according to its most recent filing with the SEC. The firm bought 59,186 shares of the company’s stock, valued at approximately $7,239,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Greenleaf Trust bought a new position in TAL Education Group during the second quarter valued at approximately $229,000. Creative Planning bought a new position in TAL Education Group during the second quarter valued at approximately $257,000. Main Street Research LLC bought a new position in TAL Education Group during the second quarter valued at approximately $291,000. Atria Investments LLC bought a new position in TAL Education Group during the second quarter valued at approximately $331,000. Finally, Nomura Asset Management Co. Ltd. bought a new position in TAL Education Group during the first quarter valued at approximately $330,000. Hedge funds and other institutional investors own 57.83% of the company’s stock.

Shares of TAL Education Group (NYSE:TAL) opened at 165.83 on Friday. TAL Education Group has a 12 month low of $59.20 and a 12 month high of $173.83. The firm has a market cap of $13.66 billion, a PE ratio of 113.66 and a beta of 0.26. The company’s 50 day moving average is $142.89 and its 200-day moving average is $114.44. Shares of TAL Education Group are set to split on the morning of Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, August 15th.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.16. The business had revenue of $321.90 million during the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company’s revenue for the quarter was up 65.0% on a year-over-year basis. Equities research analysts predict that TAL Education Group will post $1.99 EPS for the current year.

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Several equities analysts recently commented on the stock. UBS AG assumed coverage on shares of TAL Education Group in a research note on Tuesday, August 1st. They set a “buy” rating for the company. Jefferies Group LLC restated a “buy” rating and issued a $176.00 price objective on shares of TAL Education Group in a research note on Monday, July 31st. Citigroup Inc. initiated coverage on shares of TAL Education Group in a research note on Tuesday, July 18th. They issued a “neutral” rating and a $150.00 price objective for the company. J P Morgan Chase & Co increased their price objective on shares of TAL Education Group to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 27th. Finally, Benchmark Co. initiated coverage on shares of TAL Education Group in a research note on Tuesday, April 18th. They issued a “buy” rating and a $135.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $141.88.

TAL Education Group Company 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.

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

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