T. Rowe Price Group, Inc. (NASDAQ:TROW) had its price target increased by Credit Suisse Group from $70.00 to $90.00 in a research report sent to investors on Wednesday. They currently have a neutral rating on the asset manager’s stock.

Other research analysts have also issued reports about the stock. UBS AG reiterated a sell rating and set a $63.00 price objective (up from $62.00) on shares of T. Rowe Price Group in a report on Friday, July 14th. TheStreet upgraded shares of T. Rowe Price Group from a c+ rating to a b- rating in a report on Friday, April 28th. Argus lowered shares of T. Rowe Price Group from a buy rating to a hold rating in a report on Wednesday, April 26th. Jefferies Group LLC set a $83.00 price objective on shares of T. Rowe Price Group and gave the stock a buy rating in a report on Tuesday, June 20th. Finally, Morgan Stanley reiterated an underweight rating and set a $71.00 price objective (up from $70.00) on shares of T. Rowe Price Group in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $77.90.

Shares of T. Rowe Price Group (NASDAQ:TROW) opened at 82.35 on Wednesday. The stock has a market capitalization of $19.79 billion, a P/E ratio of 14.14 and a beta of 1.22. T. Rowe Price Group has a 1-year low of $62.97 and a 1-year high of $85.42. The stock has a 50 day moving average of $76.71 and a 200-day moving average of $72.16.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts predict that T. Rowe Price Group will post $5.57 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Catawba Capital Management VA increased its stake in T. Rowe Price Group by 0.5% in the first quarter. Catawba Capital Management VA now owns 48,467 shares of the asset manager’s stock worth $3,303,000 after buying an additional 220 shares during the last quarter. Watch Point Trust Co boosted its position in shares of T. Rowe Price Group by 0.4% in the first quarter. Watch Point Trust Co now owns 26,821 shares of the asset manager’s stock worth $1,828,000 after buying an additional 100 shares during the period. Rosenbaum Jay D. boosted its position in shares of T. Rowe Price Group by 6.3% in the first quarter. Rosenbaum Jay D. now owns 8,495 shares of the asset manager’s stock worth $579,000 after buying an additional 500 shares during the period. Moreno Evelyn V boosted its position in shares of T. Rowe Price Group by 12.0% in the first quarter. Moreno Evelyn V now owns 89,305 shares of the asset manager’s stock worth $6,087,000 after buying an additional 9,545 shares during the period. Finally, Cohen Lawrence B boosted its position in shares of T. Rowe Price Group by 2.2% in the first quarter. Cohen Lawrence B now owns 31,750 shares of the asset manager’s stock worth $2,164,000 after buying an additional 680 shares during the period. Hedge funds and other institutional investors own 71.25% 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.

Analyst Recommendations for T. Rowe Price Group (NASDAQ:TROW)

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