Brokerages expect that T. Rowe Price Group, Inc. (NASDAQ:TROW) will post sales of $1.25 billion for the current quarter, Zacks reports. Five analysts have provided estimates for T. Rowe Price Group’s earnings, with estimates ranging from $1.24 billion to $1.26 billion. T. Rowe Price Group posted sales of $1.09 billion during the same quarter last year, which suggests a positive year over year growth rate of 14.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that T. Rowe Price Group will report full year sales of $1.25 billion for the current financial year, with estimates ranging from $4.75 billion to $4.76 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.09 billion per share, with estimates ranging from $5.02 billion to $5.20 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover T. Rowe Price Group.

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

A number of research analysts have recently weighed in on TROW shares. Jefferies Group restated a “buy” rating and issued a $104.00 target price (up previously from $96.00) on shares of T. Rowe Price Group in a report on Tuesday, October 10th. Zacks Investment Research lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Barclays started coverage on T. Rowe Price Group in a report on Friday, September 8th. They issued an “underweight” rating and a $79.00 target price on the stock. Citigroup raised their target price on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Goldman Sachs Group upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their target price for the company from $85.00 to $100.00 in a report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. T. Rowe Price Group presently has an average rating of “Hold” and a consensus target price of $89.67.

Shares of T. Rowe Price Group (NASDAQ TROW) traded up $0.87 during trading on Tuesday, reaching $103.44. The company’s stock had a trading volume of 1,985,700 shares, compared to its average volume of 1,677,737. T. Rowe Price Group has a 12-month low of $65.33 and a 12-month high of $105.36. The firm has a market capitalization of $25,060.00, a PE ratio of 20.03, a PEG ratio of 1.88 and a beta of 1.31.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.20%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 37.32%.

In related news, VP Christopher D. Alderson sold 6,808 shares of T. Rowe Price Group stock in a transaction on Friday, December 8th. The stock was sold at an average price of $102.83, for a total transaction of $700,066.64. Following the sale, the vice president now directly owns 119,846 shares in the company, valued at $12,323,764.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anne M. Whittemore sold 4,163 shares of T. Rowe Price Group stock in a transaction on Friday, September 29th. The stock was sold at an average price of $90.64, for a total value of $377,334.32. Following the sale, the director now owns 29,070 shares in the company, valued at $2,634,904.80. The disclosure for this sale can be found here. Insiders have sold 122,513 shares of company stock worth $12,032,565 over the last quarter. 3.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of TROW. Schwab Charles Investment Management Inc. raised its stake in shares of T. Rowe Price Group by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,215,326 shares of the asset manager’s stock valued at $90,190,000 after buying an additional 84,160 shares during the period. Legal & General Group Plc raised its stake in shares of T. Rowe Price Group by 10.9% in the second quarter. Legal & General Group Plc now owns 1,321,921 shares of the asset manager’s stock valued at $98,101,000 after buying an additional 130,409 shares during the period. BB&T Securities LLC raised its stake in shares of T. Rowe Price Group by 55.4% in the second quarter. BB&T Securities LLC now owns 46,833 shares of the asset manager’s stock valued at $3,475,000 after buying an additional 16,703 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of T. Rowe Price Group by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 338,376 shares of the asset manager’s stock valued at $25,111,000 after buying an additional 1,634 shares during the period. Finally, iAB Financial Bank raised its stake in shares of T. Rowe Price Group by 15.6% in the second quarter. iAB Financial Bank now owns 4,935 shares of the asset manager’s stock valued at $366,000 after buying an additional 665 shares during the period. Institutional investors and hedge funds own 72.13% of the company’s stock.

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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.

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

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