T. Rowe Price Group, Inc. (NASDAQ:TROW) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

TROW has been the subject of several other research reports. UBS AG reaffirmed a “sell” rating and issued a $63.00 target price (up previously from $62.00) on shares of T. Rowe Price Group in a research note on Friday, July 14th. Citigroup Inc. upped their target price on T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. TheStreet raised T. Rowe Price Group from a “c+” rating to a “b-” rating in a research note on Friday, April 28th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research note on Wednesday, June 28th. Finally, Credit Suisse Group upped their target price on T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $77.90.

Shares of T. Rowe Price Group (TROW) traded up 1.27% on Monday, reaching $83.84. 1,011,871 shares of the company were exchanged. The stock’s 50-day moving average is $79.72 and its 200 day moving average is $72.93. The firm has a market capitalization of $20.15 billion, a PE ratio of 14.40 and a beta of 1.24. T. Rowe Price Group has a 12-month low of $62.97 and a 12-month high of $85.42.

T. Rowe Price Group (NASDAQ:TROW) last issued its 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. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. T. Rowe Price Group’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, analysts forecast that T. Rowe Price Group will post $5.65 EPS for the current year.

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In related news, Director Anne M. Whittemore sold 8,326 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total transaction of $682,981.78. Following the completion of the transaction, the director now owns 28,982 shares in the company, valued at $2,377,393.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the transaction, the insider now owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in TROW. State Street Corp increased its position in shares of T. Rowe Price Group by 1.9% in the second quarter. State Street Corp now owns 14,511,636 shares of the asset manager’s stock worth $1,076,913,000 after buying an additional 273,036 shares in the last quarter. Gotham Asset Management LLC increased its position in shares of T. Rowe Price Group by 93.1% in the second quarter. Gotham Asset Management LLC now owns 8,372 shares of the asset manager’s stock worth $621,000 after buying an additional 4,036 shares in the last quarter. Cornerstone Capital Management Holdings LLC. increased its position in shares of T. Rowe Price Group by 54.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 64,833 shares of the asset manager’s stock worth $4,810,000 after buying an additional 22,820 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of T. Rowe Price Group by 28.4% in the second quarter. Janus Henderson Group PLC now owns 43,222 shares of the asset manager’s stock worth $3,207,000 after buying an additional 9,558 shares in the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of T. Rowe Price Group by 49.6% in the second quarter. Macquarie Group Ltd. now owns 47,126 shares of the asset manager’s stock worth $3,497,000 after buying an additional 15,625 shares in the last quarter. Institutional investors own 72.10% 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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