JPMorgan Chase & Co. increased its position in shares of DeVry Education Group Inc. (NYSE:DV) by 65,969.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 552,338 shares of the company’s stock after buying an additional 551,502 shares during the period. JPMorgan Chase & Co. owned approximately 0.88% of DeVry Education Group worth $9,854,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of DeVry Education Group by 12.0% in the first quarter. BlackRock Inc. now owns 24,945 shares of the company’s stock worth $431,000 after buying an additional 2,670 shares during the period. Prudential Financial Inc. increased its stake in shares of DeVry Education Group by 248.3% in the first quarter. Prudential Financial Inc. now owns 195,547 shares of the company’s stock worth $3,377,000 after buying an additional 139,400 shares during the period. Aperio Group LLC increased its stake in shares of DeVry Education Group by 86.1% in the first quarter. Aperio Group LLC now owns 150,140 shares of the company’s stock worth $2,593,000 after buying an additional 69,472 shares during the period. BlackRock Group LTD increased its stake in shares of DeVry Education Group by 119.8% in the first quarter. BlackRock Group LTD now owns 70,866 shares of the company’s stock worth $1,224,000 after buying an additional 38,621 shares during the period. Finally, Amici Capital LLC bought a new stake in shares of DeVry Education Group during the first quarter worth $950,000.
DeVry Education Group Inc. (NYSE:DV) traded up 2.15% during midday trading on Wednesday, reaching $23.28. 77,107 shares of the company’s stock traded hands. DeVry Education Group Inc. has a 52-week low of $15.36 and a 52-week high of $29.88. The company’s market cap is $1.45 billion. The stock has a 50-day moving average of $22.99 and a 200 day moving average of $19.92.
DeVry Education Group (NYSE:DV) last released its quarterly earnings data on Thursday, August 18th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.05. DeVry Education Group had a negative net margin of 0.17% and a positive return on equity of 10.31%. The firm had revenue of $471.70 million for the quarter, compared to the consensus estimate of $461.90 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts anticipate that DeVry Education Group Inc. will post $2.53 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on DV shares. Credit Suisse Group AG set a $24.00 price objective on shares of DeVry Education Group and gave the stock a “hold” rating in a report on Monday, September 12th. Zacks Investment Research downgraded shares of DeVry Education Group from a “buy” rating to a “hold” rating in a report on Monday, July 11th. Barrington Research raised shares of DeVry Education Group from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Wednesday, September 14th. Bank of America Corp. reaffirmed a “sell” rating and set a $16.00 price objective on shares of DeVry Education Group in a report on Friday, June 10th. Finally, Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $35.00 price objective on shares of DeVry Education Group in a report on Sunday, August 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $23.13.
In other news, SVP Gregory S. Davis sold 1,366 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $24.00, for a total value of $32,784.00. Following the completion of the transaction, the senior vice president now owns 16,480 shares of the company’s stock, valued at $395,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Value Advisers International sold 2,872 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $24.67, for a total transaction of $70,852.24. The disclosure for this sale can be found here. 4.23% of the stock is currently owned by insiders.
About DeVry Education Group
DeVry Education Group Inc (DeVry Group) is a provider of educational services. DeVry Group’s institutions offer an array of programs in business, healthcare and technology, and serve students in postsecondary education as well as accounting and finance professionals. DeVry Group operates through three segments: Business, Technology and Management, Medical and Healthcare, and International and Professional Education.