Ameriprise Financial Inc. grew its holdings in shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,396,790 shares of the company’s stock after purchasing an additional 19,301 shares during the period. Ameriprise Financial Inc. owned approximately 2.15% of New Oriental Education & Technology Group worth $299,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its position in New Oriental Education & Technology Group by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,513 shares of the company’s stock worth $107,000 after purchasing an additional 35 shares during the period. Pillar Pacific Capital Management LLC increased its position in New Oriental Education & Technology Group by 0.6% during the 2nd quarter. Pillar Pacific Capital Management LLC now owns 8,415 shares of the company’s stock worth $594,000 after purchasing an additional 50 shares during the period. Financial Counselors Inc. boosted its stake in shares of New Oriental Education & Technology Group by 1.0% during the 2nd quarter. Financial Counselors Inc. now owns 7,417 shares of the company’s stock worth $523,000 after acquiring an additional 76 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of New Oriental Education & Technology Group by 1.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,574 shares of the company’s stock worth $2,509,000 after acquiring an additional 95 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of New Oriental Education & Technology Group by 5.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 3,585 shares of the company’s stock worth $253,000 after acquiring an additional 182 shares in the last quarter. Institutional investors own 75.64% of the company’s stock.

Several brokerages have recently commented on EDU. Zacks Investment Research lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Bank of America Corporation raised New Oriental Education & Technology Group from a “neutral” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Monday, September 25th. UBS Group AG began coverage on New Oriental Education & Technology Group in a research note on Tuesday, August 1st. They set a “buy” rating and a $96.75 price target on the stock. J P Morgan Chase & Co lowered New Oriental Education & Technology Group from a “neutral” rating to an “underweight” rating and set a $82.00 price target on the stock. in a research note on Thursday, September 14th. Finally, Vetr lowered New Oriental Education & Technology Group from a “buy” rating to a “hold” rating and set a $94.84 price target on the stock. in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $89.76.

WARNING: This piece was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.watchlistnews.com/new-oriental-education-technology-group-inc-edu-holdings-boosted-by-ameriprise-financial-inc/1721789.html.

Shares of New Oriental Education & Technology Group, Inc. (EDU) opened at $89.31 on Thursday. New Oriental Education & Technology Group, Inc. has a 52 week low of $37.16 and a 52 week high of $94.63. The stock has a market capitalization of $14,120.00, a P/E ratio of 48.86, a P/E/G ratio of 1.40 and a beta of 1.31.

New Oriental Education & Technology Group (NYSE:EDU) last posted its earnings results on Tuesday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.04). New Oriental Education & Technology Group had a net margin of 15.15% and a return on equity of 17.32%. The company had revenue of $661.20 million during the quarter, compared to analysts’ expectations of $643.90 million. During the same period in the previous year, the company posted $0.90 EPS. New Oriental Education & Technology Group’s quarterly revenue was up 23.8% compared to the same quarter last year. analysts predict that New Oriental Education & Technology Group, Inc. will post 2.03 earnings per share for the current year.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

Receive News & Ratings for New Oriental Education & Technology Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Technology Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.