2 weeks Ago By ABMN Staff
T. Rowe Price Group ( NASDAQ:TROW – Get Free Report ) had its price target dropped by analysts at JPMorgan Chase & Co. from $110.
00 to $90.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “underweight” rating on the asset manager’s stock.
JPMorgan Chase & Co. ‘s price objective suggests a potential upside of 4.52% from the stock’s current price.
A number of other equities analysts have also weighed in on the stock. TD Cowen reduced their target price on shares of T. Rowe Price Group from $112.
00 to $89.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Wells Fargo & Company dropped their target price on T.
Rowe Price Group from $116.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th.
Evercore ISI decreased their price target on shares of T. Rowe Price Group from $104.00 to $80.
00 and set an “in-line” rating for the company in a research note on Friday, April 11th. StockNews.com lowered shares of T.
Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Sunday, February 2nd. Finally, Citigroup lowered their price target on shares of T. Rowe Price Group from $100.
00 to $95.00 and set a “neutral” rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company.
According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $96.00.
Check Out Our Latest Stock Report on T. Rowe Price Group T. Rowe Price Group Stock Up 0.
9 % T. Rowe Price Group ( NASDAQ:TROW – Get Free Report ) last released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.
12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08).
T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.
61%. During the same period last year, the business posted $1.72 EPS.
Research analysts expect that T. Rowe Price Group will post 9.29 earnings per share for the current year.
Insider Transactions at T. Rowe Price Group In related news, Director Robert F. Maclellan sold 3,955 shares of T.
Rowe Price Group stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $91.56, for a total transaction of $362,119.
80. Following the completion of the sale, the director now owns 42,979 shares of the company’s stock, valued at approximately $3,935,157.24.
The trade was a 8.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website .
Also, VP Arif Husain sold 4,112 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.
24. Following the completion of the transaction, the vice president now directly owns 36,800 shares in the company, valued at approximately $4,021,136. This represents a 10.
05 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 2.
00% of the stock is currently owned by corporate insiders. Institutional Trading of T. Rowe Price Group Hedge funds have recently added to or reduced their stakes in the company.
Barclays PLC boosted its position in shares of T. Rowe Price Group by 13.6% in the third quarter.
Barclays PLC now owns 822,869 shares of the asset manager’s stock valued at $89,635,000 after acquiring an additional 98,448 shares during the period. Tudor Financial Inc. bought a new stake in T.
Rowe Price Group in the 3rd quarter valued at about $668,000. Sanctuary Advisors LLC grew its position in shares of T. Rowe Price Group by 6.
6% during the 3rd quarter. Sanctuary Advisors LLC now owns 14,644 shares of the asset manager’s stock worth $1,755,000 after purchasing an additional 902 shares in the last quarter. World Investment Advisors LLC bought a new position in shares of T.
Rowe Price Group during the third quarter worth approximately $273,000. Finally, Wilmington Savings Fund Society FSB raised its position in shares of T. Rowe Price Group by 191.
1% in the third quarter. Wilmington Savings Fund Society FSB now owns 11,404 shares of the asset manager’s stock valued at $1,242,000 after buying an additional 7,486 shares in the last quarter. 73.
39% of the stock is owned by institutional investors and hedge funds. About T. Rowe Price Group ( Get Free Report ) 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. Read More Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T.
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