Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $71.50.

A number of research analysts recently weighed in on the stock. UBS AG reissued a “sell” rating and set a $63.00 price target (up from $62.00) on shares of T. Rowe Price Group in a research report on Friday. TheStreet raised shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Wednesday, June 28th. Deutsche Bank AG reissued a “hold” rating and set a $71.00 price target (down from $74.00) on shares of T. Rowe Price Group in a research report on Monday, May 1st. Finally, Jefferies Group LLC set a $83.00 price target on shares of T. Rowe Price Group and gave the company a “buy” rating in a research report on Tuesday, June 20th.

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Several institutional investors have recently bought and sold shares of the company. Sky Investment Group LLC increased its position in T. Rowe Price Group by 0.4% in the second quarter. Sky Investment Group LLC now owns 50,519 shares of the asset manager’s stock valued at $3,749,000 after buying an additional 211 shares during the last quarter. Watch Point Trust Co increased its position in T. Rowe Price Group by 0.8% in the second quarter. Watch Point Trust Co now owns 27,046 shares of the asset manager’s stock valued at $2,007,000 after buying an additional 225 shares during the last quarter. CWM LLC increased its position in T. Rowe Price Group by 0.6% in the second quarter. CWM LLC now owns 230,094 shares of the asset manager’s stock valued at $17,075,000 after buying an additional 1,341 shares during the last quarter. Smithbridge Asset Management Inc. DE increased its position in T. Rowe Price Group by 21.6% in the second quarter. Smithbridge Asset Management Inc. DE now owns 44,369 shares of the asset manager’s stock valued at $3,293,000 after buying an additional 7,874 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank acquired a new position in T. Rowe Price Group during the second quarter valued at $1,119,000. Hedge funds and other institutional investors own 71.26% of the company’s stock.

Shares of T. Rowe Price Group (NASDAQ TROW) traded down 0.09% during midday trading on Monday, reaching $80.16. 1,137,684 shares of the company’s stock traded hands. The stock has a market cap of $19.34 billion, a P/E ratio of 15.70 and a beta of 1.22. T. Rowe Price Group has a 12 month low of $62.97 and a 12 month high of $80.64. The stock has a 50 day moving average of $72.04 and a 200-day moving average of $71.72.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Tuesday, April 25th. The asset manager reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by $0.02. T. Rowe Price Group had a net margin of 29.59% and a return on equity of 24.24%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the business posted $1.15 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that T. Rowe Price Group will post $5.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Thursday, June 15th were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.84%. T. Rowe Price Group’s payout ratio is 44.88%.

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.

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

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