CIBC Asset Management Inc bought a new stake in shares of TAL Education Group (NYSE:TAL) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,390 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds have also made changes to their positions in the business. Baillie Gifford & Co. increased its holdings in TAL Education Group by 530.5% during the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock valued at $799,739,000 after buying an additional 19,961,398 shares during the last quarter. Principal Financial Group Inc. increased its holdings in TAL Education Group by 501.8% during the third quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock valued at $162,358,000 after buying an additional 4,015,962 shares during the last quarter. TB Alternative Assets Ltd. increased its holdings in TAL Education Group by 444.4% during the third quarter. TB Alternative Assets Ltd. now owns 2,836,432 shares of the company’s stock valued at $95,616,000 after buying an additional 2,315,385 shares during the last quarter. Ariose Capital Management Ltd increased its holdings in TAL Education Group by 431.8% during the third quarter. Ariose Capital Management Ltd now owns 2,399,035 shares of the company’s stock valued at $80,871,000 after buying an additional 1,947,898 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in TAL Education Group by 958.1% during the third quarter. American Century Companies Inc. now owns 2,253,167 shares of the company’s stock valued at $75,954,000 after buying an additional 2,040,221 shares during the last quarter. 29.98% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on TAL shares. UBS AG started coverage on shares of TAL Education Group in a research note on Tuesday, August 1st. They issued a “buy” rating for the company. J P Morgan Chase & Co increased their price objective on shares of TAL Education Group to $31.67 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Macquarie cut shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Jefferies Group LLC increased their price objective on shares of TAL Education Group to $35.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.16.

TAL Education Group (NYSE TAL) opened at $28.25 on Tuesday. The firm has a market cap of $14,548.53, a price-to-earnings ratio of 124.00, a P/E/G ratio of 1.38 and a beta of 0.22. TAL Education Group has a 52 week low of $11.02 and a 52 week 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.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The company had revenue of $455.80 million for the quarter, compared to analysts’ expectations of $441.18 million. TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The firm’s revenue for the quarter was up 68.1% compared to the same quarter last year. equities analysts predict that TAL Education Group will post 0.37 EPS for the current fiscal year.

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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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