Susquehanna Increases T. Rowe Price Group Price Target to $86.00 (TROW)
Analysts at Susquehanna upped their price target on shares of T. Rowe Price Group (NASDAQ:TROW) from $85.00 to $86.00 in a research report issued to clients and investors on Thursday. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target points to a potential upside of 5.41% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Evercore Partners downgraded shares of T. Rowe Price Group from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of T. Rowe Price Group from $97.50 to $98.00 in a research note on Tuesday, July 1st. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of T. Rowe Price Group in a research note on Wednesday, June 11th. They now have a $88.00 price target on the stock. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $89.32.
Shares of T. Rowe Price Group (NASDAQ:TROW) traded down 2.88% on Thursday, hitting $81.59. The stock had a trading volume of 2,750,151 shares. T. Rowe Price Group has a 52 week low of $69.90 and a 52 week high of $85.74. The stock’s 50-day moving average is $83.02 and its 200-day moving average is $81.57. The company has a market cap of $21.436 billion and a price-to-earnings ratio of 20.44.
T. Rowe Price Group (NASDAQ:TROW) last released its earnings data on Thursday, April 24th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.02. The company had revenue of $954.60 million for the quarter, compared to the consensus estimate of $948.36 million. During the same quarter last year, the company posted $0.91 earnings per share. T. Rowe Price Group’s revenue was up 17.0% compared to the same quarter last year. Analysts expect that T. Rowe Price Group will post $4.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 29th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Thursday, September 11th.
T. Rowe Price Group, Inc is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T.
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