Analysts forecast that T. Rowe Price Group, Inc. (NASDAQ:TROW) will post $1.26 earnings per share for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for T. Rowe Price Group’s earnings, with estimates ranging from $1.21 to $1.30. T. Rowe Price Group posted earnings per share of $1.15 during the same quarter last year, which suggests a positive year-over-year growth rate of 9.6%. The business is expected to report its next earnings results before the market opens on Tuesday, July 25th.

On average, analysts expect that T. Rowe Price Group will report full year earnings of $4.99 per share for the current financial year, with EPS estimates ranging from $4.79 to $5.17. For the next year, analysts anticipate that the business will post earnings of $5.18 per share, with EPS estimates ranging from $4.94 to $5.41. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover T. Rowe Price Group.

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. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. T. Rowe Price Group had a net margin of 29.59% and a return on equity of 24.24%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $1.15 EPS.

A number of equities analysts have recently commented on the company. UBS AG reiterated a “sell” rating and issued a $63.00 target price (up previously from $62.00) on shares of T. Rowe Price Group in a report on Friday, July 14th. Morgan Stanley reiterated an “underweight” rating and issued a $71.00 target price (up previously from $70.00) on shares of T. Rowe Price Group in a report on Tuesday. TheStreet upgraded T. Rowe Price Group from a “c+” rating to a “b-” rating in a report on Friday, April 28th. Argus cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Wednesday, April 26th. Finally, Jefferies Group LLC set a $83.00 target price on T. Rowe Price Group and gave the stock a “buy” rating in a report on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $72.55.

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Several large investors have recently modified their holdings of TROW. Quadrant Capital Group LLC boosted its stake in shares of T. Rowe Price Group by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 1,660 shares of the asset manager’s stock valued at $107,000 after buying an additional 23 shares in the last quarter. Mosaic Family Wealth LLC boosted its stake in shares of T. Rowe Price Group by 4.5% in the first quarter. Mosaic Family Wealth LLC now owns 1,967 shares of the asset manager’s stock valued at $134,000 after buying an additional 85 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of T. Rowe Price Group during the first quarter valued at $147,000. Duncker Streett & Co. Inc. boosted its stake in shares of T. Rowe Price Group by 57.9% in the first quarter. Duncker Streett & Co. Inc. now owns 2,472 shares of the asset manager’s stock valued at $168,000 after buying an additional 906 shares in the last quarter. Finally, Mycio Wealth Partners LLC purchased a new stake in shares of T. Rowe Price Group during the first quarter valued at $207,000. Institutional investors and hedge funds own 71.26% of the company’s stock.

T. Rowe Price Group (NASDAQ:TROW) traded up 0.54% during mid-day trading on Wednesday, hitting $80.54. The stock had a trading volume of 116,874 shares. The stock has a market cap of $19.43 billion, a price-to-earnings ratio of 15.77 and a beta of 1.22. The stock’s 50-day moving average price is $74.22 and its 200-day moving average price is $71.69. T. Rowe Price Group has a 12 month low of $62.97 and a 12 month high of $80.64.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 15th were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Tuesday, June 13th. T. Rowe Price Group’s dividend 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.

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Earnings History and Estimates for T. Rowe Price Group (NASDAQ:TROW)

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