T. Rowe Price Group, Inc. (TROW) to Release Earnings on Wednesday

T. Rowe Price Group, Inc. (NASDAQ:TROW) is set to release its earnings data before the market opens on Wednesday, October 25th. Analysts expect T. Rowe Price Group to post earnings of $1.36 per share for the quarter.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $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 T. Rowe Price Group to post $5.79 EPS for the current fiscal year and $5.74 EPS for the next fiscal year.

T. Rowe Price Group, Inc. (TROW) opened at 94.73 on Wednesday. The firm has a market capitalization of $22.77 billion, a P/E ratio of 16.27 and a beta of 1.25. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $95.65. The firm has a 50-day moving average price of $87.25 and a 200-day moving average price of $78.08.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were issued a $0.57 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.41%. T. Rowe Price Group’s dividend payout ratio is currently 39.18%.

In related news, CFO Kenneth V. Moreland sold 13,041 shares of T. Rowe Price Group stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $90.43, for a total transaction of $1,179,297.63. Following the completion of the transaction, the chief financial officer now directly owns 135,028 shares of the company’s stock, valued at $12,210,582.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the transaction, the director now directly owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,924 shares of company stock valued at $3,187,333. 3.60% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: “T. Rowe Price Group, Inc. (TROW) to Release Earnings on Wednesday” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/18/t-rowe-price-group-inc-trow-to-release-earnings-on-wednesday.html.

TROW has been the subject of several recent analyst reports. Barclays PLC initiated coverage on T. Rowe Price Group in a report on Friday, September 8th. They issued an “underweight” rating and a $79.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price target on shares of T. Rowe Price Group in a report on Sunday, August 20th. Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and raised their price target for the company from $77.00 to $93.00 in a report on Thursday, October 5th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $100.00 in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and a consensus price target of $87.60.

About T. Rowe Price Group

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 Compan

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the company posted $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 T. Rowe Price Group to post $5.79 EPS for the current fiscal year and $5.74 EPS for the next fiscal year.

T. Rowe Price Group, Inc. (TROW) opened at 94.73 on Wednesday. The firm has a market capitalization of $22.77 billion, a P/E ratio of 16.27 and a beta of 1.25. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $95.65. The firm has a 50-day moving average price of $87.25 and a 200-day moving average price of $78.08.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Stockholders of record on Thursday, September 14th were issued a $0.57 dividend. The ex-dividend date was Wednesday, September 13th. This represents a $2.28 annualized dividend and a dividend yield of 2.41%. T. Rowe Price Group’s dividend payout ratio is currently 39.18%.

In related news, CFO Kenneth V. Moreland sold 13,041 shares of T. Rowe Price Group stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $90.43, for a total transaction of $1,179,297.63. Following the completion of the transaction, the chief financial officer now directly owns 135,028 shares of the company’s stock, valued at $12,210,582.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the transaction, the director now directly owns 28,982 shares of the company’s stock, valued at approximately $2,377,393.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,924 shares of company stock valued at $3,187,333. 3.60% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: “T. Rowe Price Group, Inc. (TROW) to Release Earnings on Wednesday” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & international copyright & trademark laws. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/18/t-rowe-price-group-inc-trow-to-release-earnings-on-wednesday.html.

TROW has been the subject of several recent analyst reports. Barclays PLC initiated coverage on T. Rowe Price Group in a report on Friday, September 8th. They issued an “underweight” rating and a $79.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price target on shares of T. Rowe Price Group in a report on Sunday, August 20th. Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and raised their price target for the company from $77.00 to $93.00 in a report on Thursday, October 5th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $85.00 to $100.00 in a report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and a consensus price target of $87.60.

About T. Rowe Price Group

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.

Earnings History for T. Rowe Price Group (NASDAQ:TROW)

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