Wall Street analysts expect T. Rowe Price Group, Inc. (NASDAQ:TROW) to post earnings of $1.34 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for T. Rowe Price Group’s earnings, with the lowest EPS estimate coming in at $1.31 and the highest estimate coming in at $1.37. T. Rowe Price Group posted earnings of $1.17 per share in the same quarter last year, which suggests a positive year over year growth rate of 14.5%. The company is scheduled to announce its next quarterly earnings results on Thursday, October 26th.

According to Zacks, analysts expect that T. Rowe Price Group will report full year earnings of $5.10 per share for the current year, with EPS estimates ranging from $5.07 to $5.14. For the next financial year, analysts expect that the business will report earnings of $5.35 per share, with EPS estimates ranging from $5.18 to $5.53. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow T. Rowe Price Group.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm posted $0.76 EPS. T. Rowe Price Group’s revenue was up 12.1% compared to the same quarter last year.

Several brokerages recently weighed in on TROW. UBS AG reaffirmed a “sell” rating and issued a $63.00 price target (up from $62.00) on shares of T. Rowe Price Group in a research note on Friday, July 14th. Citigroup Inc. increased their target price on T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. TheStreet raised T. Rowe Price Group from a “c+” rating to a “b-” rating in a research note on Friday, April 28th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a research note on Wednesday, June 28th. Finally, BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $77.90.

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In other news, Director Anne M. Whittemore sold 8,326 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total transaction of $682,981.78. Following the transaction, the director now directly owns 28,982 shares of the company’s stock, valued at $2,377,393.46. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Oestreicher sold 10,394 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the transaction, the insider now directly owns 82,299 shares in the company, valued at $6,836,577.93. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TROW. BlackRock Inc. increased its position in shares of T. Rowe Price Group by 1,722.6% in the first quarter. BlackRock Inc. now owns 16,378,787 shares of the asset manager’s stock worth $1,116,214,000 after buying an additional 15,480,155 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of T. Rowe Price Group during the first quarter worth about $118,342,000. American Century Companies Inc. increased its position in shares of T. Rowe Price Group by 66.4% in the second quarter. American Century Companies Inc. now owns 2,544,655 shares of the asset manager’s stock worth $188,839,000 after buying an additional 1,015,518 shares during the last quarter. Scout Investments Inc. increased its position in shares of T. Rowe Price Group by 448.8% in the first quarter. Scout Investments Inc. now owns 1,212,919 shares of the asset manager’s stock worth $89,101,000 after buying an additional 991,890 shares during the last quarter. Finally, Pioneer Investment Management Inc. increased its position in shares of T. Rowe Price Group by 308.7% in the second quarter. Pioneer Investment Management Inc. now owns 972,522 shares of the asset manager’s stock worth $72,171,000 after buying an additional 734,591 shares during the last quarter. 71.86% of the stock is currently owned by hedge funds and other institutional investors.

T. Rowe Price Group (NASDAQ:TROW) traded up 0.01% during mid-day trading on Tuesday, reaching $83.38. 795,342 shares of the company traded hands. T. Rowe Price Group has a 12-month low of $62.97 and a 12-month high of $85.42. The stock has a market capitalization of $20.04 billion, a price-to-earnings ratio of 14.32 and a beta of 1.24. The company’s 50-day moving average is $77.24 and its 200-day moving average is $72.27.

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.

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

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