Mizuho Trust & Banking Co. Ltd. raised its position in TAL Education Group (NYSE:XRS) by 5.3% during the third quarter, Holdings Channel reports. The firm owned 17,800 shares of the company’s stock after buying an additional 900 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in TAL Education Group were worth $1,261,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the company. BlackRock Fund Advisors boosted its position in TAL Education Group by 12.4% in the first quarter. BlackRock Fund Advisors now owns 558,194 shares of the company’s stock worth $27,731,000 after buying an additional 61,514 shares during the period. BNP Paribas Arbitrage SA boosted its position in TAL Education Group by 12.6% in the second quarter. BNP Paribas Arbitrage SA now owns 102,944 shares of the company’s stock worth $6,389,000 after buying an additional 11,512 shares during the period. British Columbia Investment Management Corp boosted its position in TAL Education Group by 120.9% in the second quarter. British Columbia Investment Management Corp now owns 9,500 shares of the company’s stock worth $590,000 after buying an additional 5,200 shares during the period. Sarasin & Partners LLP acquired a new position in TAL Education Group during the second quarter worth approximately $797,000. Finally, Handelsbanken Fonder AB acquired a new position in TAL Education Group during the second quarter worth approximately $807,000. 50.01% of the stock is owned by institutional investors.
Shares of TAL Education Group (NYSE:XRS) traded down 0.51% during midday trading on Friday, hitting $77.50. The company had a trading volume of 213,090 shares. The company has a market capitalization of $6.28 billion, a P/E ratio of 73.60 and a beta of 0.39. TAL Education Group has a 52 week low of $41.34 and a 52 week high of $83.68. The firm’s 50 day moving average is $75.16 and its 200 day moving average is $64.35.
TAL Education Group (NYSE:XRS) last posted its quarterly earnings data on Thursday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.17. The company earned $271.10 million during the quarter, compared to analyst estimates of $250.52 million. TAL Education Group had a return on equity of 17.35% and a net margin of 11.41%. The firm’s quarterly revenue was up 56.3% on a year-over-year basis. During the same quarter last year, the company earned $0.78 earnings per share. Equities research analysts anticipate that TAL Education Group will post $1.47 EPS for the current year.
A number of equities analysts have issued reports on XRS shares. Zacks Investment Research cut TAL Education Group from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. Brean Capital reaffirmed a “buy” rating on shares of TAL Education Group in a report on Tuesday, September 6th. Daiwa Capital Markets started coverage on TAL Education Group in a report on Monday, October 10th. They issued a “buy” rating for the company. T.H. Capital upped their target price on TAL Education Group from $75.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, October 21st. Finally, Credit Suisse Group AG raised TAL Education Group from a “neutral” rating to an “outperform” rating in a report on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the stock. TAL Education Group has a consensus rating of “Buy” and a consensus price target of $61.75.
About TAL Education Group
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.