T. Rowe Price Group (NASDAQ:TROW) Given New $113.00 Price Target at Deutsche Bank Aktiengesellschaft

T. Rowe Price Group (NASDAQ:TROW) had its price target boosted by investment analysts at Deutsche Bank Aktiengesellschaft from $112.00 to $113.00 in a report issued on Friday,MarketScreener reports. The brokerage currently has a “hold” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 9.79% from the stock’s current price.

A number of other brokerages have also weighed in on TROW. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T. Rowe Price Group in a research note on Wednesday, October 8th. Jefferies Financial Group lifted their target price on T. Rowe Price Group from $104.00 to $106.00 and gave the stock a “hold” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods raised their price objective on shares of T. Rowe Price Group from $115.00 to $117.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. boosted their target price on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock an “underweight” rating in a report on Monday, November 3rd. Finally, Zacks Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, T. Rowe Price Group has an average rating of “Reduce” and a consensus price target of $109.38.

T. Rowe Price Group Stock Performance

Shares of NASDAQ:TROW traded down $0.79 during trading on Friday, hitting $102.93. The company’s stock had a trading volume of 206,792 shares, compared to its average volume of 1,721,867. The company has a market capitalization of $22.46 billion, a PE ratio of 11.52, a PEG ratio of 5.61 and a beta of 1.51. The stock’s 50-day moving average price is $104.15 and its two-hundred day moving average price is $101.14. T. Rowe Price Group has a fifty-two week low of $77.85 and a fifty-two week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Friday, October 31st. The asset manager reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.26. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. T. Rowe Price Group had a net margin of 28.72% and a return on equity of 19.77%. T. Rowe Price Group’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.57 earnings per share. On average, equities analysts predict that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

Insider Transactions at T. Rowe Price Group

In related news, Director Robert F. Maclellan sold 3,090 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $105.01, for a total value of $324,480.90. Following the sale, the director owned 47,335 shares of the company’s stock, valued at $4,970,648.35. The trade was a 6.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Trading of T. Rowe Price Group

Several large investors have recently modified their holdings of the stock. Commerzbank Aktiengesellschaft FI lifted its holdings in T. Rowe Price Group by 74.1% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 19,905 shares of the asset manager’s stock worth $1,829,000 after acquiring an additional 8,473 shares during the period. PARK CIRCLE Co raised its stake in shares of T. Rowe Price Group by 20.2% during the 1st quarter. PARK CIRCLE Co now owns 64,345 shares of the asset manager’s stock worth $5,911,000 after purchasing an additional 10,800 shares during the period. Apollon Wealth Management LLC raised its stake in shares of T. Rowe Price Group by 56.8% during the 1st quarter. Apollon Wealth Management LLC now owns 12,228 shares of the asset manager’s stock worth $1,123,000 after purchasing an additional 4,431 shares during the period. Level Four Advisory Services LLC boosted its holdings in shares of T. Rowe Price Group by 4.2% in the 1st quarter. Level Four Advisory Services LLC now owns 102,084 shares of the asset manager’s stock worth $9,379,000 after buying an additional 4,141 shares during the last quarter. Finally, Kestra Investment Management LLC grew its position in T. Rowe Price Group by 268.4% during the first quarter. Kestra Investment Management LLC now owns 35,402 shares of the asset manager’s stock valued at $3,252,000 after buying an additional 25,793 shares during the period. Institutional investors and hedge funds own 73.39% of the company’s stock.

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.