T. Rowe Price Group, Inc. (NASDAQ:TROW) – Equities research analysts at Jefferies Group issued their FY2019 EPS estimates for shares of T. Rowe Price Group in a report issued on Tuesday. Jefferies Group analyst D. Fannon expects that the asset manager will post earnings per share of $6.39 for the year. Jefferies Group currently has a “Buy” rating and a $104.00 target price on the stock.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the firm earned $0.76 EPS. ILLEGAL ACTIVITY NOTICE: “Jefferies Group Weighs in on T. Rowe Price Group, Inc.’s FY2019 Earnings (TROW)” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/10/11/jefferies-group-weighs-in-on-t-rowe-price-group-inc-s-fy2019-earnings-trow.html.

TROW has been the subject of a number of other research reports. UBS AG restated a “sell” rating and issued a $63.00 price target (up previously from $62.00) on shares of T. Rowe Price Group in a research report 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 report on Wednesday, July 26th. Morgan Stanley upgraded T. Rowe Price Group from an “underweight” rating to an “equal” rating and increased their target price for the stock from $77.00 to $93.00 in a research report on Thursday, October 5th. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $85.00 to $100.00 in a research report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. T. Rowe Price Group presently has an average rating of “Hold” and a consensus target price of $86.18.

Shares of T. Rowe Price Group (NASDAQ:TROW) traded up 0.55% during mid-day trading on Wednesday, hitting $92.69. The stock had a trading volume of 522,595 shares. The company has a market cap of $22.28 billion, a PE ratio of 15.93 and a beta of 1.25. The stock’s 50-day moving average is $86.20 and its 200 day moving average is $77.52. T. Rowe Price Group has a 12 month low of $62.97 and a 12 month high of $92.89.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Wednesday, September 13th. T. Rowe Price Group’s dividend payout ratio is presently 39.18%.

In other T. Rowe Price Group news, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 28,982 shares in the company, valued at approximately $2,377,393.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth V. Moreland sold 13,041 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $90.43, for a total value of $1,179,297.63. Following the transaction, the chief financial officer now owns 135,028 shares of the company’s stock, valued at approximately $12,210,582.04. The disclosure for this sale can be found here. Insiders have sold a total of 36,924 shares of company stock valued at $3,187,333 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cleararc Capital Inc. grew its holdings in T. Rowe Price Group by 0.5% during the 1st quarter. Cleararc Capital Inc. now owns 5,944 shares of the asset manager’s stock valued at $405,000 after buying an additional 31 shares in the last quarter. Sheets Smith Wealth Management grew its holdings in T. Rowe Price Group by 0.7% during the 2nd quarter. Sheets Smith Wealth Management now owns 5,292 shares of the asset manager’s stock valued at $393,000 after buying an additional 38 shares in the last quarter. Good Life Advisors LLC grew its holdings in T. Rowe Price Group by 1.1% during the 2nd quarter. Good Life Advisors LLC now owns 4,650 shares of the asset manager’s stock valued at $359,000 after buying an additional 52 shares in the last quarter. GHP Investment Advisors Inc. grew its holdings in T. Rowe Price Group by 0.3% during the 2nd quarter. GHP Investment Advisors Inc. now owns 19,549 shares of the asset manager’s stock valued at $1,451,000 after buying an additional 53 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in T. Rowe Price Group by 0.8% during the 2nd quarter. Private Trust Co. NA now owns 7,307 shares of the asset manager’s stock valued at $542,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds 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.

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

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