Northern Trust Corp cut its stake in shares of TAL Education Group (NYSE:TAL) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,284,891 shares of the company’s stock after selling 26,895 shares during the quarter. Northern Trust Corp’s holdings in TAL Education Group were worth $60,961,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Morgan Stanley raised its holdings in shares of TAL Education Group by 29.5% in the third quarter. Morgan Stanley now owns 42,394,504 shares of the company’s stock valued at $1,089,963,000 after buying an additional 9,662,071 shares during the last quarter. Discovery Value Fund bought a new position in shares of TAL Education Group in the fourth quarter valued at about $56,212,000. Franklin Resources Inc. raised its holdings in shares of TAL Education Group by 52.3% in the third quarter. Franklin Resources Inc. now owns 6,102,841 shares of the company’s stock valued at $156,903,000 after buying an additional 2,095,054 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of TAL Education Group in the third quarter valued at about $46,618,000. Finally, BlackRock Inc. raised its holdings in shares of TAL Education Group by 9.3% in the third quarter. BlackRock Inc. now owns 15,609,607 shares of the company’s stock valued at $401,325,000 after buying an additional 1,329,357 shares during the last quarter. 58.24% of the stock is owned by institutional investors.

TAL Education Group stock opened at $34.03 on Friday. TAL Education Group has a 12-month low of $21.08 and a 12-month high of $47.63. The stock has a market capitalization of $19.29 billion, a P/E ratio of 100.09 and a beta of 0.13.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, January 24th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.16. The business had revenue of $585.99 million during the quarter, compared to analysts’ expectations of $573.90 million. TAL Education Group had a return on equity of 18.88% and a net margin of 14.40%. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. On average, research analysts predict that TAL Education Group will post 0.55 EPS for the current fiscal year.

A number of research analysts recently issued reports on TAL shares. Citigroup raised TAL Education Group from a “neutral” rating to a “buy” rating in a report on Wednesday, January 9th. Macquarie set a $32.00 price target on TAL Education Group and gave the company a “buy” rating in a report on Tuesday, January 15th. TheStreet raised TAL Education Group from a “c+” rating to a “b-” rating in a report on Friday, January 25th. Zacks Investment Research raised TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Tuesday, January 29th. Finally, ValuEngine raised TAL Education Group from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. TAL Education Group has a consensus rating of “Buy” and an average price target of $41.20.

COPYRIGHT VIOLATION WARNING: “Northern Trust Corp Has $60.96 Million Holdings in TAL Education Group (TAL)” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.watchlistnews.com/northern-trust-corp-has-60-96-million-holdings-in-tal-education-group-tal/2897566.html.

About TAL Education Group

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

See Also: Fundamental Analysis and Choosing Stocks

Want to see what other hedge funds are holding TAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TAL Education Group (NYSE:TAL).

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

Receive News & Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related companies with MarketBeat.com's FREE daily email newsletter.