TD Asset Management Inc. Raises Holdings in TAL Education Group (TAL)

TD Asset Management Inc. grew its stake in TAL Education Group (NYSE:TAL) by 432.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,094 shares of the company’s stock after purchasing an additional 30,945 shares during the quarter. TD Asset Management Inc.’s holdings in TAL Education Group were worth $1,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TAL. Baillie Gifford & Co. raised its holdings in TAL Education Group by 530.5% in the 3rd quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock worth $799,739,000 after purchasing an additional 19,961,398 shares in the last quarter. Principal Financial Group Inc. raised its holdings in TAL Education Group by 501.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock worth $162,358,000 after purchasing an additional 4,015,962 shares in the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in TAL Education Group by 1,096.6% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock worth $85,311,000 after purchasing an additional 2,319,259 shares in the last quarter. TB Alternative Assets Ltd. raised its holdings in TAL Education Group by 444.4% in the 3rd quarter. TB Alternative Assets Ltd. now owns 2,836,432 shares of the company’s stock worth $95,616,000 after purchasing an additional 2,315,385 shares in the last quarter. Finally, BlackRock Inc. bought a new position in TAL Education Group in the 2nd quarter worth $264,842,000. Institutional investors and hedge funds own 51.34% of the company’s stock.

Several brokerages recently issued reports on TAL. ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Macquarie lowered shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a research note on Thursday, October 26th. Bank of America reiterated a “buy” rating and issued a $40.30 price target (up from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Finally, Jefferies Group increased their price target on shares of TAL Education Group to $35.00 and gave the stock a “buy” rating in a research note on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.16.

Shares of TAL Education Group (TAL) traded down $0.98 during mid-day trading on Wednesday, reaching $29.34. 2,408,000 shares of the company traded hands, compared to its average volume of 4,006,242. TAL Education Group has a one year low of $11.02 and a one year high of $36.16. The stock has a market cap of $14,822.30, a P/E ratio of 126.33, a price-to-earnings-growth ratio of 1.41 and a beta of 0.19. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32.

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