Principal Financial Group Inc. Increases Stock Holdings in Adtalem Global Education Inc. (NYSE:ATGE)

Principal Financial Group Inc. raised its position in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 200,624 shares of the company’s stock after purchasing an additional 7,069 shares during the quarter. Principal Financial Group Inc. owned 0.54% of Adtalem Global Education worth $18,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATGE. Allspring Global Investments Holdings LLC grew its position in Adtalem Global Education by 4.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 101,757 shares of the company’s stock valued at $7,681,000 after buying an additional 4,246 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Adtalem Global Education by 511.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 78,828 shares of the company’s stock worth $5,950,000 after acquiring an additional 65,945 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of Adtalem Global Education by 1.2% during the 3rd quarter. New York State Teachers Retirement System now owns 54,154 shares of the company’s stock valued at $4,088,000 after acquiring an additional 641 shares during the period. Clear Creek Financial Management LLC increased its stake in shares of Adtalem Global Education by 3.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 13,817 shares of the company’s stock worth $1,043,000 after purchasing an additional 439 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in Adtalem Global Education in the 3rd quarter worth $1,047,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the company. BMO Capital Markets boosted their price target on Adtalem Global Education from $108.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. StockNews.com downgraded Adtalem Global Education from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Barrington Research raised their target price on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st.

Insider Buying and Selling at Adtalem Global Education

In related news, Director Donna J. Hrinak sold 4,812 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $103.26, for a total value of $496,887.12. Following the sale, the director now directly owns 8,032 shares in the company, valued at approximately $829,384.32. The trade was a 37.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Betz sold 3,500 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.57, for a total value of $379,995.00. Following the transaction, the insider now directly owns 16,881 shares of the company’s stock, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,997 shares of company stock valued at $1,747,608 in the last three months. 2.00% of the stock is currently owned by corporate insiders.

Adtalem Global Education Trading Up 0.5 %

Shares of ATGE stock opened at $98.14 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a fifty day simple moving average of $98.01 and a two-hundred day simple moving average of $85.73. The firm has a market capitalization of $3.66 billion, a PE ratio of 18.28, a PEG ratio of 1.13 and a beta of 0.97. Adtalem Global Education Inc. has a 52-week low of $45.18 and a 52-week high of $112.43.

Adtalem Global Education (NYSE:ATGE) last released its earnings results on Thursday, January 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a return on equity of 16.82% and a net margin of 12.34%. On average, analysts predict that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

About Adtalem Global Education

Adtalem Global Education Inc provides workforce solutions worldwide. It operates through three segments, Chamberlain, Walden, and Medical and Veterinary. The Chamberlain segment offers degree and non-degree programs in the nursing and health professions postsecondary education industry. This segment operates Chamberlain University.