T. Rowe Price Group, Inc. (NASDAQ:TROW) Receives $115.82 Consensus PT from Analysts

T. Rowe Price Group, Inc. (NASDAQ:TROW) has been given a consensus recommendation of “Reduce” by the eleven ratings firms that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $115.82.

TROW has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Barclays lowered their price target on T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating on the stock in a research report on Friday, January 17th. Morgan Stanley lifted their price objective on T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. decreased their target price on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Finally, Evercore ISI lifted their price target on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th.

Insider Activity at T. Rowe Price Group

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the sale, the vice president now directly owns 119,577 shares in the company, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of T. Rowe Price Group

A number of large investors have recently bought and sold shares of TROW. Insight Folios Inc grew its holdings in shares of T. Rowe Price Group by 3.6% in the 3rd quarter. Insight Folios Inc now owns 2,612 shares of the asset manager’s stock worth $285,000 after purchasing an additional 90 shares during the last quarter. Keystone Financial Services raised its stake in shares of T. Rowe Price Group by 5.1% in the third quarter. Keystone Financial Services now owns 1,885 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 92 shares during the last quarter. MCF Advisors LLC boosted its holdings in shares of T. Rowe Price Group by 1.5% in the 4th quarter. MCF Advisors LLC now owns 6,226 shares of the asset manager’s stock worth $704,000 after acquiring an additional 93 shares in the last quarter. Nvwm LLC boosted its holdings in shares of T. Rowe Price Group by 2.2% in the 3rd quarter. Nvwm LLC now owns 4,496 shares of the asset manager’s stock worth $490,000 after acquiring an additional 95 shares in the last quarter. Finally, Strategy Asset Managers LLC grew its position in T. Rowe Price Group by 4.6% during the 3rd quarter. Strategy Asset Managers LLC now owns 2,169 shares of the asset manager’s stock worth $236,000 after acquiring an additional 95 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $115.65 on Friday. The stock has a market capitalization of $25.69 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.68 and a beta of 1.43. The business has a 50-day moving average of $117.12 and a two-hundred day moving average of $112.74. T. Rowe Price Group has a fifty-two week low of $100.49 and a fifty-two week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business earned $2.17 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. As a group, research analysts expect that T. Rowe Price Group will post 9.45 EPS for the current fiscal year.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.