Shares of T. Rowe Price Group Inc (NASDAQ:TROW) have been given an average rating of “Hold” by the fourteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $109.75.

A number of equities research analysts recently issued reports on TROW shares. Citigroup increased their price objective on T. Rowe Price Group from $113.00 to $115.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Deutsche Bank lowered their price target on T. Rowe Price Group from $115.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday. UBS Group raised their price target on T. Rowe Price Group from $109.00 to $111.00 and gave the company a “neutral” rating in a research report on Monday, July 8th. BidaskClub upgraded T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. Finally, Gabelli restated a “buy” rating on shares of T. Rowe Price Group in a research report on Thursday, April 25th.

Shares of TROW stock traded up $1.95 on Tuesday, reaching $108.56. The company’s stock had a trading volume of 984,903 shares, compared to its average volume of 1,244,797. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.91 and a quick ratio of 3.91. T. Rowe Price Group has a 12-month low of $84.59 and a 12-month high of $117.78. The firm has a market cap of $25.11 billion, a P/E ratio of 15.18, a P/E/G ratio of 1.64 and a beta of 1.05. The company has a 50 day simple moving average of $110.01.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Wednesday, July 24th. The asset manager reported $2.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.15. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $1.87 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. On average, analysts predict that T. Rowe Price Group will post 7.79 earnings per share for the current fiscal year.

In other news, VP Sebastien Page sold 4,418 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $107.05, for a total transaction of $472,946.90. Following the transaction, the vice president now directly owns 51,302 shares of the company’s stock, valued at $5,491,879.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Robert C.T. Higginbotham sold 19,393 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $115.17, for a total value of $2,233,491.81. Following the transaction, the vice president now directly owns 68,864 shares in the company, valued at $7,931,066.88. The disclosure for this sale can be found here. Insiders have sold 64,209 shares of company stock worth $7,302,649 in the last 90 days. Company insiders own 3.10% of the company’s stock.

Large investors have recently made changes to their positions in the company. Adirondack Trust Co. grew its stake in shares of T. Rowe Price Group by 606.1% during the first quarter. Adirondack Trust Co. now owns 233 shares of the asset manager’s stock valued at $25,000 after buying an additional 200 shares during the last quarter. Kistler Tiffany Companies LLC grew its stake in shares of T. Rowe Price Group by 66.7% in the second quarter. Kistler Tiffany Companies LLC now owns 250 shares of the asset manager’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Advisory Alpha LLC bought a new stake in shares of T. Rowe Price Group in the first quarter worth about $27,000. AdvisorNet Financial Inc grew its stake in shares of T. Rowe Price Group by 121.1% in the second quarter. AdvisorNet Financial Inc now owns 294 shares of the asset manager’s stock worth $32,000 after purchasing an additional 161 shares during the last quarter. Finally, Trustcore Financial Services LLC grew its stake in shares of T. Rowe Price Group by 353.8% in the first quarter. Trustcore Financial Services LLC now owns 295 shares of the asset manager’s stock worth $30,000 after purchasing an additional 230 shares during the last quarter. 69.51% of the stock is currently owned by hedge funds and other institutional investors.

About T. Rowe Price Group

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.

Further Reading: Return On Assets

Analyst Recommendations for T. Rowe Price Group (NASDAQ:TROW)

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