T. Rowe Price Group, Inc. (NASDAQ:TROW)‘s stock had its “market perform” rating restated by investment analysts at Wells Fargo & Company in a research report issued on Thursday.

A number of other equities analysts also recently commented on TROW. UBS AG restated a “sell” rating and issued a $61.00 price objective (down from $77.00) on shares of T. Rowe Price Group in a report on Wednesday, May 24th. Citigroup Inc. raised their price objective on T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley restated an “underweight” rating and issued a $71.00 price objective (up from $70.00) on shares of T. Rowe Price Group in a report on Tuesday, July 18th. Credit Suisse Group raised their price objective on T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $76.73.

T. Rowe Price Group (TROW) traded down 2.65% during trading on Thursday, reaching $82.67. The company’s stock had a trading volume of 3,047,695 shares. T. Rowe Price Group has a 1-year low of $62.97 and a 1-year high of $85.42. The company has a market capitalization of $19.95 billion, a P/E ratio of 16.19 and a beta of 1.22. The company’s 50-day moving average is $76.10 and its 200-day moving average is $72.01.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Tuesday, July 25th. The asset manager reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.76 EPS. Equities analysts anticipate that T. Rowe Price Group will post $5.57 EPS for the current year.

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Large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC raised 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 worth $107,000 after buying an additional 23 shares during the period. Mosaic Family Wealth LLC increased its position in 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 worth $134,000 after buying an additional 85 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in T. Rowe Price Group by 103.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock worth $157,000 after buying an additional 1,075 shares in the last quarter. FNY Partners Fund LP purchased a new position in T. Rowe Price Group during the first quarter worth approximately $147,000. Finally, Duncker Streett & Co. Inc. increased its position in 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 worth $168,000 after buying an additional 906 shares in the last quarter. Institutional investors and hedge funds own 71.25% of the company’s stock.

About T. Rowe Price Group

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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