Equities research analysts expect T. Rowe Price Group Inc (NASDAQ:TROW) to post earnings per share of $1.89 for the current quarter, according to Zacks. Four analysts have issued estimates for T. Rowe Price Group’s earnings, with the highest EPS estimate coming in at $1.91 and the lowest estimate coming in at $1.85. T. Rowe Price Group posted earnings of $1.56 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 21.2%. The firm is expected to issue its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that T. Rowe Price Group will report full year earnings of $7.31 per share for the current year, with EPS estimates ranging from $7.21 to $7.41. For the next year, analysts expect that the business will post earnings of $7.63 per share, with EPS estimates ranging from $7.26 to $7.85. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover T. Rowe Price Group.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Wednesday, July 25th. The asset manager reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. T. Rowe Price Group had a net margin of 31.67% and a return on equity of 28.49%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $1.28 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year.

A number of research analysts have recently issued reports on TROW shares. Barclays boosted their price target on shares of T. Rowe Price Group from $101.00 to $105.00 and gave the stock an “underweight” rating in a research report on Monday, April 23rd. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. UBS Group boosted their price target on shares of T. Rowe Price Group from $113.00 to $117.00 and gave the stock a “neutral” rating in a research report on Thursday, April 26th. Deutsche Bank upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and dropped their price target for the stock from $121.00 to $114.00 in a research report on Wednesday, May 16th. Finally, Credit Suisse Group upgraded shares of T. Rowe Price Group from a “neutral” rating to an “outperform” rating and set a $123.00 price target on the stock in a research report on Wednesday, May 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $118.27.

In related news, CEO William J. Stromberg sold 21,000 shares of the business’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $125.48, for a total transaction of $2,635,080.00. Following the transaction, the chief executive officer now owns 539,020 shares in the company, valued at approximately $67,636,229.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert F. Maclellan sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $122.58, for a total transaction of $612,900.00. Following the transaction, the director now owns 13,769 shares in the company, valued at approximately $1,687,804.02. The disclosure for this sale can be found here. Insiders sold a total of 148,139 shares of company stock worth $18,369,428 in the last 90 days. Corporate insiders own 3.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in TROW. KCM Investment Advisors LLC grew its stake in shares of T. Rowe Price Group by 15.7% in the 1st quarter. KCM Investment Advisors LLC now owns 3,403 shares of the asset manager’s stock worth $367,000 after acquiring an additional 461 shares in the last quarter. Lcnb Corp grew its stake in shares of T. Rowe Price Group by 10.5% in the 2nd quarter. Lcnb Corp now owns 4,831 shares of the asset manager’s stock worth $561,000 after acquiring an additional 461 shares in the last quarter. Perigon Wealth Management LLC grew its stake in shares of T. Rowe Price Group by 57.5% in the 1st quarter. Perigon Wealth Management LLC now owns 1,284 shares of the asset manager’s stock worth $139,000 after acquiring an additional 469 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of T. Rowe Price Group by 32.3% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 2,014 shares of the asset manager’s stock worth $234,000 after acquiring an additional 492 shares in the last quarter. Finally, GHP Investment Advisors Inc. grew its stake in shares of T. Rowe Price Group by 2.2% in the 2nd quarter. GHP Investment Advisors Inc. now owns 23,476 shares of the asset manager’s stock worth $2,725,000 after acquiring an additional 495 shares in the last quarter. Institutional investors own 71.63% of the company’s stock.

NASDAQ:TROW traded down $0.71 during mid-day trading on Tuesday, hitting $115.61. 1,027,094 shares of the company’s stock were exchanged, compared to its average volume of 1,442,814. T. Rowe Price Group has a fifty-two week low of $81.61 and a fifty-two week high of $127.43. The company has a market cap of $28.49 billion, a PE ratio of 21.29, a P/E/G ratio of 1.47 and a beta of 1.24.

T. Rowe Price Group declared that its Board of Directors has initiated a share buyback program on Thursday, April 26th that permits the company to repurchase 10,000,000 outstanding shares. This repurchase authorization permits the asset manager to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

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