T. Rowe Price Group, Inc. (NASDAQ:TROW) was upgraded by equities researchers at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report released on Thursday.

TROW has been the topic of a number of other reports. 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. upped their price target on shares of 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. BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) raised shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $85.00 to $100.00 in a research note on Thursday, September 28th. Finally, Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $83.45.

T. Rowe Price Group (TROW) opened at 91.41 on Thursday. The company has a 50-day moving average price of $85.17 and a 200-day moving average price of $76.78. The firm has a market cap of $21.97 billion, a PE ratio of 15.70 and a beta of 1.25. T. Rowe Price Group has a one year low of $62.97 and a one year high of $91.59.

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 for the quarter, topping the Zacks’ 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 for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted $0.76 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts predict that T. Rowe Price Group will post $5.68 earnings per share for the current fiscal year.

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In other T. Rowe Price Group news, Director Anne M. Whittemore sold 4,163 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $90.64, for a total transaction of $377,334.32. Following the completion of the sale, the director now directly owns 29,070 shares in the company, valued at $2,634,904.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Kenneth V. Moreland sold 13,041 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $90.43, for a total transaction of $1,179,297.63. Following the sale, the chief financial officer now owns 135,028 shares of the company’s stock, valued at $12,210,582.04. The disclosure for this sale can be found here. Insiders have sold 36,924 shares of company stock valued at $3,187,333 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Fenimore Asset Management Inc. boosted its holdings in T. Rowe Price Group by 11.0% during the third quarter. Fenimore Asset Management Inc. now owns 491,250 shares of the asset manager’s stock valued at $32,668,000 after acquiring an additional 48,575 shares during the period. Evelyn V. Moreno boosted its holdings in T. Rowe Price Group by 74.4% during the fourth quarter. Evelyn V. Moreno now owns 75,775 shares of the asset manager’s stock valued at $5,417,000 after acquiring an additional 32,315 shares during the period. Osher Van de Voorde Investment Management boosted its holdings in T. Rowe Price Group by 3.7% during the third quarter. Osher Van de Voorde Investment Management now owns 97,690 shares of the asset manager’s stock valued at $6,496,000 after acquiring an additional 3,450 shares during the period. Morgan Stanley boosted its holdings in T. Rowe Price Group by 51.9% during the third quarter. Morgan Stanley now owns 1,379,136 shares of the asset manager’s stock valued at $91,713,000 after acquiring an additional 471,401 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in T. Rowe Price Group by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 16,178,454 shares of the asset manager’s stock valued at $1,156,597,000 after acquiring an additional 104,396 shares during the period. Institutional investors own 73.62% of the company’s stock.

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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