T. Rowe Price Group, Inc. (TROW) Earns Buy Rating from Jefferies Group LLC

T. Rowe Price Group, Inc. (NASDAQ:TROW)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group LLC in a research report issued on Tuesday. They presently have a $104.00 price target on the asset manager’s stock, up from their prior price target of $96.00. Jefferies Group LLC’s price objective would suggest a potential upside of 12.82% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. UBS AG restated a “sell” rating and set a $63.00 target price (up previously from $62.00) on shares of T. Rowe Price Group in a research report on Friday, July 14th. BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Morgan Stanley restated an “underweight” rating and set a $71.00 target price (up previously from $70.00) on shares of T. Rowe Price Group in a research report on Tuesday, July 18th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of T. Rowe Price Group in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.18.

T. Rowe Price Group (TROW) traded up 0.22% during mid-day trading on Tuesday, hitting $92.18. 1,049,153 shares of the stock traded hands. T. Rowe Price Group has a 12 month low of $62.97 and a 12 month high of $92.58. The company has a market cap of $22.16 billion, a P/E ratio of 15.83 and a beta of 1.25. The company’s 50 day moving average is $85.92 and its 200 day moving average is $77.34.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts expect that T. Rowe Price Group will post $5.72 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “T. Rowe Price Group, Inc. (TROW) Earns Buy Rating from Jefferies Group LLC” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/t-rowe-price-group-inc-trow-earns-buy-rating-from-jefferies-group-llc.html.

In other news, insider Jessica M. Hiebler sold 1,000 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.29, for a total value of $84,290.00. Following the sale, the insider now owns 8,461 shares of the company’s stock, valued at $713,177.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the sale, the insider now directly owns 82,299 shares in the company, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. In the last three months, insiders sold 36,924 shares of company stock worth $3,187,333. Insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of T. Rowe Price Group by 6.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock valued at $118,000 after acquiring an additional 103 shares during the period. Quadrant Capital Group LLC raised its stake in shares of T. Rowe Price Group by 5.4% in the second quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock valued at $121,000 after acquiring an additional 89 shares during the period. Sun Life Financial INC raised its stake in shares of T. Rowe Price Group by 19,500.0% in the second quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock valued at $131,000 after acquiring an additional 1,755 shares during the period. FNY Partners Fund LP purchased a new stake in shares

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. UBS AG restated a “sell” rating and set a $63.00 target price (up previously from $62.00) on shares of T. Rowe Price Group in a research report on Friday, July 14th. BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Morgan Stanley restated an “underweight” rating and set a $71.00 target price (up previously from $70.00) on shares of T. Rowe Price Group in a research report on Tuesday, July 18th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of T. Rowe Price Group in a research report on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $86.18.

T. Rowe Price Group (TROW) traded up 0.22% during mid-day trading on Tuesday, hitting $92.18. 1,049,153 shares of the stock traded hands. T. Rowe Price Group has a 12 month low of $62.97 and a 12 month high of $92.58. The company has a market cap of $22.16 billion, a P/E ratio of 15.83 and a beta of 1.25. The company’s 50 day moving average is $85.92 and its 200 day moving average is $77.34.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $0.76 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, analysts expect that T. Rowe Price Group will post $5.72 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “T. Rowe Price Group, Inc. (TROW) Earns Buy Rating from Jefferies Group LLC” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/t-rowe-price-group-inc-trow-earns-buy-rating-from-jefferies-group-llc.html.

In other news, insider Jessica M. Hiebler sold 1,000 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.29, for a total value of $84,290.00. Following the sale, the insider now owns 8,461 shares of the company’s stock, valued at $713,177.69. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider David Oestreicher sold 10,394 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total transaction of $863,429.58. Following the completion of the sale, the insider now directly owns 82,299 shares in the company, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. In the last three months, insiders sold 36,924 shares of company stock worth $3,187,333. Insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of T. Rowe Price Group by 6.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock valued at $118,000 after acquiring an additional 103 shares during the period. Quadrant Capital Group LLC raised its stake in shares of T. Rowe Price Group by 5.4% in the second quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock valued at $121,000 after acquiring an additional 89 shares during the period. Sun Life Financial INC raised its stake in shares of T. Rowe Price Group by 19,500.0% in the second quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock valued at $131,000 after acquiring an additional 1,755 shares during the period. FNY Partners Fund LP purchased a new stake in shares of T. Rowe Price Group in the first quarter valued at $147,000. Finally, Mckinley Capital Management LLC Delaware purchased a new stake in shares of T. Rowe Price Group in the second quarter valued at $152,000. 73.62% of the stock is currently owned by institutional investors and hedge funds.

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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