T. Rowe Price Group (NASDAQ:TROW) will post its quarterly earnings results before the market opens on Wednesday, January 24th. Analysts expect T. Rowe Price Group to post earnings of $1.42 per share for the quarter.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a net margin of 33.10% and a return on equity of 24.76%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, analysts expect T. Rowe Price Group to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of T. Rowe Price Group (NASDAQ:TROW) opened at $114.47 on Wednesday. T. Rowe Price Group has a twelve month low of $65.33 and a twelve month high of $117.64. The stock has a market cap of $27,740.00, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.60 and a beta of 1.32.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 37.32%.

A number of analysts recently issued reports on the stock. UBS Group raised shares of T. Rowe Price Group from a “sell” rating to a “neutral” rating and increased their price target for the stock from $75.00 to $110.00 in a report on Tuesday, January 9th. Bank of America raised shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $113.00 to $125.00 in a report on Monday, January 8th. Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price objective on the stock. in a report on Friday, January 5th. Barclays increased their price objective on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the company an “underweight” rating in a report on Friday, October 27th. Finally, Citigroup increased their price objective on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $98.70.

In other T. Rowe Price Group news, CFO Kenneth V. Moreland sold 14,419 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $97.07, for a total transaction of $1,399,652.33. Following the transaction, the chief financial officer now directly owns 125,264 shares of the company’s stock, valued at $12,159,376.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP W. Sharps Robert sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $98.64, for a total transaction of $493,200.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,980 shares of company stock worth $20,776,729. Insiders own 3.60% of the company’s stock.

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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 for T. Rowe Price Group (NASDAQ:TROW)

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