Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) have received an average recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $76.78.

A number of equities research analysts have recently issued reports on the stock. Citigroup Inc. boosted their target price on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. Credit Suisse Group boosted their target price on shares of T. Rowe Price Group from $70.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. BidaskClub cut shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Wells Fargo & Company reissued a “market perform” rating on shares of T. Rowe Price Group in a research report on Thursday, July 27th. Finally, ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd.

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In other news, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.03, for a total value of $682,981.78. Following the completion of the transaction, the director now owns 28,982 shares of the company’s stock, valued at $2,377,393.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the transaction, the insider now directly owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its position in T. Rowe Price Group by 23.0% in the second quarter. Parametric Portfolio Associates LLC now owns 533,027 shares of the asset manager’s stock worth $39,556,000 after buying an additional 99,545 shares during the period. Advisor Group Inc. boosted its position in T. Rowe Price Group by 8.4% in the second quarter. Advisor Group Inc. now owns 34,950 shares of the asset manager’s stock worth $2,512,000 after buying an additional 2,712 shares during the period. Nordea Investment Management AB boosted its position in T. Rowe Price Group by 14.2% in the second quarter. Nordea Investment Management AB now owns 380,330 shares of the asset manager’s stock worth $28,224,000 after buying an additional 47,289 shares during the period. Suntrust Banks Inc. boosted its position in T. Rowe Price Group by 7.2% in the second quarter. Suntrust Banks Inc. now owns 42,393 shares of the asset manager’s stock worth $3,145,000 after buying an additional 2,830 shares during the period. Finally, Hunter Associates Investment Management LLC boosted its position in T. Rowe Price Group by 1.5% in the second quarter. Hunter Associates Investment Management LLC now owns 86,994 shares of the asset manager’s stock worth $6,456,000 after buying an additional 1,320 shares during the period. 71.86% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price Group (NASDAQ TROW) traded down 0.07% during trading on Friday, hitting $82.79. 1,127,023 shares of the stock were exchanged. The firm has a 50-day moving average of $79.16 and a 200-day moving average of $72.78. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 14.22 and a beta of 1.24. T. Rowe Price Group has a 52 week low of $62.97 and a 52 week high of $85.42.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. T. Rowe Price Group’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities research analysts anticipate that T. Rowe Price Group will post $5.65 earnings per share for the current fiscal year.

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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