T. Rowe Price Group Inc (NASDAQ:TROW) has received a consensus rating of “Hold” from the thirteen analysts that are presently covering the stock. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $73.00.

Several equities research analysts have commented on TROW shares. Morgan Stanley reiterated an “underweight” rating and issued a $67.00 price target (up from $64.00) on shares of T. Rowe Price Group in a research report on Friday, March 17th. TheStreet upgraded T. Rowe Price Group from a “c+” rating to a “b-” rating in a report on Friday, April 28th. Jefferies Group LLC restated a “buy” rating and set a $84.00 price objective on shares of T. Rowe Price Group in a report on Monday, March 27th. Argus downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, Deutsche Bank AG restated a “hold” rating and set a $71.00 price objective (down previously from $74.00) on shares of T. Rowe Price Group in a report on Monday, May 1st.

A number of hedge funds have recently bought and sold shares of TROW. Osher Van de Voorde Investment Management increased its stake in T. Rowe Price Group by 3.7% in the third quarter. Osher Van de Voorde Investment Management now owns 97,690 shares of the asset manager’s stock valued at $6,496,000 after buying an additional 3,450 shares during the last quarter. Barr E S & Co. increased its stake in T. Rowe Price Group by 5.6% in the third quarter. Barr E S & Co. now owns 96,658 shares of the asset manager’s stock valued at $6,428,000 after buying an additional 5,128 shares during the last quarter. Windsor Capital Management LLC increased its stake in T. Rowe Price Group by 8.1% in the third quarter. Windsor Capital Management LLC now owns 7,593 shares of the asset manager’s stock valued at $504,000 after buying an additional 572 shares during the last quarter. Dubuque Bank & Trust Co. increased its stake in T. Rowe Price Group by 7.9% in the third quarter. Dubuque Bank & Trust Co. now owns 68,098 shares of the asset manager’s stock valued at $4,529,000 after buying an additional 5,003 shares during the last quarter. Finally, Ironwood Investment Counsel LLC increased its stake in T. Rowe Price Group by 11.4% in the third quarter. Ironwood Investment Counsel LLC now owns 8,057 shares of the asset manager’s stock valued at $536,000 after buying an additional 823 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “T. Rowe Price Group Inc (TROW) Given Consensus Recommendation of “Hold” by Brokerages” was published by American Banking News and is the property of of American Banking News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.americanbankingnews.com/2017/05/26/t-rowe-price-group-inc-trow-given-consensus-recommendation-of-hold-by-brokerages.html.

T. Rowe Price Group (NASDAQ:TROW) traded up 0.06% during trading on Friday, reaching $69.70. 1,370,488 shares of the company’s stock traded hands. The company has a 50-day moving average of $70.89 and a 200 day moving average of $71.80. T. Rowe Price Group has a 12 month low of $62.97 and a 12 month high of $78.95. The stock has a market capitalization of $16.82 billion, a P/E ratio of 13.65 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Tuesday, April 25th. The asset manager reported $1.18 EPS for the quarter, missing the consensus estimate of $1.20 by $0.02. T. Rowe Price Group had a return on equity of 24.49% and a net margin of 28.28%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm posted $1.15 earnings per share. T. Rowe Price Group’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that T. Rowe Price Group will post $5.17 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $2.28 annualized dividend and a yield of 3.27%. T. Rowe Price Group’s payout ratio is presently 46.06%.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

12 Month Chart for NASDAQ:TROW

Receive News & Ratings for T. Rowe Price Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.