Adtalem Global Education Inc. (NYSE:ATGE) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its holdings in Adtalem Global Education Inc. (NYSE:ATGE - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,582 shares of the company's stock after buying an additional 3,958 shares during the period. Principal Financial Group Inc. owned about 0.55% of Adtalem Global Education worth $20,589,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fifth Third Bancorp raised its stake in Adtalem Global Education by 56.8% in the 1st quarter. Fifth Third Bancorp now owns 287 shares of the company's stock valued at $29,000 after purchasing an additional 104 shares during the last quarter. Arizona State Retirement System raised its stake in Adtalem Global Education by 1.0% in the 4th quarter. Arizona State Retirement System now owns 10,939 shares of the company's stock valued at $994,000 after purchasing an additional 110 shares during the last quarter. US Bancorp DE raised its stake in Adtalem Global Education by 4.8% in the 4th quarter. US Bancorp DE now owns 3,285 shares of the company's stock valued at $298,000 after purchasing an additional 151 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Adtalem Global Education by 6.4% in the 1st quarter. Vontobel Holding Ltd. now owns 2,559 shares of the company's stock valued at $258,000 after purchasing an additional 155 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Adtalem Global Education by 5.4% in the 4th quarter. Quantinno Capital Management LP now owns 3,224 shares of the company's stock valued at $293,000 after purchasing an additional 165 shares during the last quarter. 98.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Adtalem Global Education from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Barrington Research boosted their target price on Adtalem Global Education from $120.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, May 9th. Jefferies Financial Group began coverage on Adtalem Global Education in a report on Wednesday, April 23rd. They set a "buy" rating and a $135.00 target price for the company. Finally, BMO Capital Markets boosted their target price on Adtalem Global Education from $115.00 to $132.00 and gave the stock an "outperform" rating in a report on Monday, May 12th.

Adtalem Global Education Stock Down 1.0%

NYSE ATGE traded down $1.18 on Friday, reaching $117.67. The company had a trading volume of 283,943 shares, compared to its average volume of 447,647. The firm has a market capitalization of $4.38 billion, a PE ratio of 19.51, a P/E/G ratio of 1.05 and a beta of 0.90. Adtalem Global Education Inc. has a 1 year low of $67.30 and a 1 year high of $140.12. The firm has a 50-day moving average of $125.52 and a 200-day moving average of $109.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.83 and a quick ratio of 0.83.

Adtalem Global Education (NYSE:ATGE - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.63 by $0.29. The firm had revenue of $466.06 million during the quarter, compared to analysts' expectations of $447.19 million. Adtalem Global Education had a return on equity of 17.47% and a net margin of 13.34%. Adtalem Global Education's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. On average, equities research analysts anticipate that Adtalem Global Education Inc. will post 6.2 EPS for the current fiscal year.

Adtalem Global Education declared that its board has approved a stock buyback plan on Tuesday, May 6th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the company to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other news, Director William W. Burke sold 2,291 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $128.35, for a total transaction of $294,049.85. Following the completion of the transaction, the director directly owned 9,368 shares in the company, valued at approximately $1,202,382.80. This represents a 19.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Adtalem Global Education Profile

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.