Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) have received an average rating of “Hold” from the fifteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, six have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $88.63.

TROW has been the topic of several research analyst reports. Jefferies Group restated a “buy” rating and set a $104.00 target price (up from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. Citigroup boosted their target price on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS boosted their target price on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Barclays boosted their target price on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. Finally, Morgan Stanley upgraded shares of T. Rowe Price Group from an “underweight” rating to an “equal” rating and boosted their target price for the stock from $77.00 to $93.00 in a research report on Thursday, October 5th.

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 value of $377,334.32. Following the transaction, the director now directly owns 29,070 shares in the company, valued at approximately $2,634,904.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO William J. Stromberg sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the completion of the transaction, the chief executive officer now owns 534,077 shares in the company, valued at $51,853,535.93. The disclosure for this sale can be found here. Insiders sold a total of 88,513 shares of company stock worth $8,562,005 over the last quarter. Insiders own 3.60% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in T. Rowe Price Group by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 16,576,728 shares of the asset manager’s stock valued at $1,230,159,000 after purchasing an additional 282,162 shares in the last quarter. BlackRock Inc. lifted its holdings in T. Rowe Price Group by 0.4% in the 2nd quarter. BlackRock Inc. now owns 16,440,056 shares of the asset manager’s stock valued at $1,220,017,000 after purchasing an additional 61,269 shares in the last quarter. State Street Corp increased its stake in shares of T. Rowe Price Group by 1.9% during the 2nd quarter. State Street Corp now owns 14,511,636 shares of the asset manager’s stock valued at $1,076,913,000 after acquiring an additional 273,036 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of T. Rowe Price Group by 1.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,974,559 shares of the asset manager’s stock valued at $1,079,267,000 after acquiring an additional 218,211 shares during the last quarter. Finally, Capital World Investors increased its stake in shares of T. Rowe Price Group by 235.0% during the 2nd quarter. Capital World Investors now owns 10,512,236 shares of the asset manager’s stock valued at $780,113,000 after acquiring an additional 7,373,953 shares during the last quarter. Institutional investors own 72.21% of the company’s stock.

Shares of T. Rowe Price Group (TROW) traded down $0.31 on Thursday, reaching $101.59. 1,276,746 shares of the company’s stock traded hands, compared to its average volume of 1,665,256. The firm has a market cap of $24,870.70, a PE ratio of 20.05, a P/E/G ratio of 1.89 and a beta of 1.32. T. Rowe Price Group has a 12 month low of $65.33 and a 12 month high of $104.40.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.20. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. T. Rowe Price Group had a net margin of 33.10% and a return on equity of 24.76%. T. Rowe Price Group’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. sell-side analysts forecast that T. Rowe Price Group will post 5.29 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a $0.57 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.24%. T. Rowe Price Group’s dividend payout ratio is presently 37.38%.

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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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