T. Rowe Price Group Receives Consensus Recommendation of “Hold” from Brokerages (NASDAQ:TROW)
Shares of T. Rowe Price Group (NASDAQ:TROW) have earned an average recommendation of “Hold” from the sixteen ratings firms that are covering the stock, Stock Ratings News reports. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $90.38.
Shares of T. Rowe Price Group (NASDAQ:TROW) opened at 81.26 on Friday. T. Rowe Price Group has a 1-year low of $69.90 and a 1-year high of $85.74. The stock has a 50-day moving average of $83.05 and a 200-day moving average of $81.49. The company has a market cap of $21.350 billion and a price-to-earnings ratio of 19.77.
T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly 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. On average, analysts predict that T. Rowe Price Group will post $4.60 earnings per share 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 2.17%. The ex-dividend date is Thursday, September 11th.
TROW has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of T. Rowe Price Group from $88.00 to $90.00 in a research note on Tuesday, July 15th. Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of T. Rowe Price Group from $93.00 to $94.00 in a research note on Monday, July 14th. Finally, analysts at Susquehanna raised their price target on shares of T. Rowe Price Group from $85.00 to $86.00 in a research note on Thursday, July 10th. They now have a “neutral” rating on the stock.
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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