US Bancorp DE Increases Holdings in TAL Education Group (TAL)

US Bancorp DE boosted its holdings in shares of TAL Education Group (NYSE:TAL) by 26.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,372 shares of the company’s stock after acquiring an additional 8,674 shares during the period. US Bancorp DE’s holdings in TAL Education Group were worth $1,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TAL. Nippon Life Insurance Co. raised its position in TAL Education Group by 500.0% during the third quarter. Nippon Life Insurance Co. now owns 3,708 shares of the company’s stock worth $125,000 after acquiring an additional 3,090 shares during the last quarter. Envestnet Asset Management Inc. raised its position in TAL Education Group by 531.0% during the third quarter. Envestnet Asset Management Inc. now owns 4,909 shares of the company’s stock worth $166,000 after acquiring an additional 4,131 shares during the last quarter. OLD National Bancorp IN acquired a new position in TAL Education Group during the third quarter worth about $206,000. QS Investors LLC acquired a new position in TAL Education Group during the second quarter worth about $208,000. Finally, CIBC Asset Management Inc acquired a new position in TAL Education Group during the third quarter worth about $215,000. Institutional investors own 52.79% of the company’s stock.

TAL Education Group (NYSE TAL) opened at $35.72 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 1.07. The firm has a market cap of $17,462.15, a P/E ratio of 126.07 and a beta of 0.40. TAL Education Group has a 52-week low of $13.50 and a 52-week high of $36.16.

A number of brokerages have issued reports on TAL. Zacks Investment Research upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. ValuEngine cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Macquarie cut shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. Finally, Deutsche Bank began coverage on shares of TAL Education Group in a research report on Thursday, January 4th. They set a “buy” rating and a $35.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $31.55.

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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.

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

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