Korea Investment CORP acquired a new position in TAL Education Group (NYSE:TAL) during the second quarter, Holdings Channel reports. The fund acquired 52,400 shares of the company’s stock, valued at approximately $6,409,000.

Other institutional investors also recently added to or reduced their stakes in the company. Greenleaf Trust bought a new position in TAL Education Group during the second quarter worth approximately $229,000. Creative Planning bought a new position in TAL Education Group during the second quarter worth approximately $257,000. Main Street Research LLC bought a new position in TAL Education Group during the second quarter worth approximately $291,000. World Asset Management Inc bought a new position in TAL Education Group during the second quarter worth approximately $329,000. Finally, Atria Investments LLC bought a new position in TAL Education Group during the second quarter worth approximately $331,000. 57.83% of the stock is owned by hedge funds and other institutional investors.

Shares of TAL Education Group (NYSE TAL) opened at 167.31 on Friday. The stock has a 50 day moving average of $141.55 and a 200-day moving average of $113.82. TAL Education Group has a 12 month low of $59.20 and a 12 month high of $173.83. The company has a market cap of $13.78 billion, a PE ratio of 114.67 and a beta of 0.26. TAL Education Group shares are scheduled to split on Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly created shares will be issued to shareholders after the closing bell on Tuesday, August 15th.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.16. The company 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 business’s revenue was up 65.0% compared to the same quarter last year. Equities analysts forecast that TAL Education Group will post $1.99 earnings per share for the current year.

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A number of equities analysts have commented on the stock. Citigroup Inc. assumed coverage on shares of TAL Education Group in a research report on Tuesday, July 18th. They set a “neutral” rating and a $150.00 price objective for the company. Benchmark Co. lifted their price objective on shares of TAL Education Group to $137.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) cut shares of TAL Education Group from a “buy” rating to a “neutral” rating and set a $133.00 price objective for the company. in a research report on Tuesday, May 16th. Macquarie assumed coverage on shares of TAL Education Group in a research report on Thursday, June 29th. They set an “outperform” rating and a $165.00 price objective for the company. Finally, J P Morgan Chase & Co lifted their price objective on shares of TAL Education Group to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. 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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