US Bancorp DE Acquires 151 Shares of Adtalem Global Education Inc. (NYSE:ATGE)

US Bancorp DE boosted its holdings in shares of Adtalem Global Education Inc. (NYSE:ATGE) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,285 shares of the company’s stock after purchasing an additional 151 shares during the period. US Bancorp DE’s holdings in Adtalem Global Education were worth $298,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ATGE. State Street Corp increased its holdings in Adtalem Global Education by 1.6% in the third quarter. State Street Corp now owns 1,525,748 shares of the company’s stock valued at $115,163,000 after purchasing an additional 23,464 shares during the period. Wellington Management Group LLP increased its holdings in Adtalem Global Education by 0.7% in the third quarter. Wellington Management Group LLP now owns 994,292 shares of the company’s stock valued at $75,049,000 after purchasing an additional 6,842 shares during the period. Principal Financial Group Inc. increased its holdings in Adtalem Global Education by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 200,624 shares of the company’s stock valued at $18,227,000 after purchasing an additional 7,069 shares during the period. Peregrine Asset Advisers Inc. grew its holdings in Adtalem Global Education by 14.2% during the 4th quarter. Peregrine Asset Advisers Inc. now owns 97,207 shares of the company’s stock worth $8,831,000 after acquiring an additional 12,084 shares during the period. Finally, Barclays PLC grew its holdings in Adtalem Global Education by 12.1% during the 3rd quarter. Barclays PLC now owns 66,669 shares of the company’s stock worth $5,031,000 after acquiring an additional 7,172 shares during the period. 98.84% of the stock is currently owned by institutional investors.

Insider Transactions at Adtalem Global Education

In related news, insider Michael Betz sold 3,500 shares of Adtalem Global Education 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 completion of the transaction, the insider now directly owns 16,881 shares in the company, valued at approximately $1,832,770.17. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna J. Hrinak sold 4,685 shares of Adtalem Global Education stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $108.68, for a total transaction of $509,165.80. Following the completion of the transaction, the director now owns 12,844 shares of the company’s stock, valued at $1,395,885.92. This represents a 26.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,997 shares of company stock worth $1,386,048 in the last quarter. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ATGE shares. BMO Capital Markets increased their price target on Adtalem Global Education from $108.00 to $115.00 and gave the stock 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 report on Thursday, March 6th. Finally, Barrington Research increased their price objective on shares of Adtalem Global Education from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st.

Adtalem Global Education Price Performance

Shares of NYSE ATGE opened at $93.52 on Friday. Adtalem Global Education Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $112.44. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.05 and a beta of 0.95. 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 firm’s 50-day simple moving average is $99.75 and its 200 day simple moving average is $87.66.

Adtalem Global Education (NYSE:ATGE) last announced its quarterly earnings results on Thursday, January 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.42. Adtalem Global Education had a net margin of 12.34% and a return on equity of 16.82%. As a group, research analysts anticipate that Adtalem Global Education Inc. will post 6.2 earnings per share 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.