Economy

Rowe Price Group, Inc. (TROW)

Year to Date (YTD) performance of T. Rowe Price Group, Inc. (NASDAQ:TROW) have been given an average rating of "Hold" by the fifteen research firms that are now covering the stock, Marketbeat reports. Fenimore Asset Management Inc sold 105,260 shares as T Rowe Price Group Inc. Bronfman E.L. Rothschild L.P. raised its stake in T. Rowe Price Group by 6.9% in the second quarter. A total of 2.43 Million shares exchanged at hands and its Average Volume (3 months) is 1.28 Million. Public Sector Pension Investment Board owns 0.02% invested in T. Rowe Price Group Inc (NASDAQ:TROW) for 27,494 shares. 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.

In recent trading action T. Rowe Price Group, Inc. Sun Life Financial INC now owns 1,764 shares of the asset manager's stock worth $131,000 after buying an additional 1,755 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in T. Rowe Price Group by 5.4% in the second quarter. Jefferies maintained T. Rowe Price Group Inc (NASDAQ:TROW) rating on Tuesday, June 20.

Based in Baltimore, the company manages dozens of mutual funds for individuals and institutions, both here and overseas.

Wall Street brokerages expect T. Rowe Price Group, Inc. TROW traded on a high for the day of 93.50 with a corresponding low of 91.89. Following the sale, the director now directly owns 29,070 shares of the company's stock, valued at approximately $2,634,904.80. The company has a market cap of $22.41 billion, a PE ratio of 16.010 and a beta of 1.25. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. T. Rowe Price Group Inc had 66 analyst reports since August 5, 2015 according to SRatingsIntel. Wealthtrust has invested 0% in T. Rowe Price Group Inc (NASDAQ:TROW). The asset manager reported $1.28 EPS for the quarter, topping the 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 24.76% and a net margin of 33.10%. The firm's revenue for the quarter was up 11.8% compared to the same quarter previous year. Sequoia Fin Advsr Ltd Liability Company reported 0.27% of its portfolio in T. Rowe Price Group Inc (NASDAQ:TROW). Shareholders of record on Thursday, December 14th will be issued a $0.57 dividend. (TROW) has an annual dividend of $2.28, while its annual dividend yield is 2.47%. T. Rowe Price Group's dividend payout ratio is presently 37.38%.

In other news, Director Anne M. Whittemore sold 4,163 shares of the company's stock in a transaction on Friday, September 29th. Taking a wider perspective, shares have been recently trading -4.57% off the 52-week high and 47.53% away from the 52-week low. 82,404 are owned by Toronto Dominion Financial Bank.

The Allstate Corporation (NYSE:ALL)closed at $93.86 a share in the latest session and the stock value rose nearly 26.63% since the beginning of this year. The disclosure for this sale can be found here. Following last close company's stock, is 2.44% above their SMA 50 and -1.46% below the 52-week high. (TROW) is a number of factors, including perhaps, a steady decrease of the profile of the company as insider activity takes center stage. Finally, A.R.T. Advisors LLC bought a new stake in shares of T. Rowe Price Group during the first quarter valued at $788,000. ValuEngine raised shares of T. Rowe Price Group from a "hold" rating to a "buy" rating in a report on Wednesday, August 2nd. Deutsche Bank AG cut T. Rowe Price Group from a "buy" rating to a "hold" rating and decreased their price target for the company from $79.00 to $75.00 in a research note on Wednesday, July 20th. (NASDAQ:TROW) to report sales of $1.21 billion for the current quarter, Zacks reports. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. CCI generally measures the current price relative to the average price level over a specific time period.

COPYRIGHT VIOLATION WARNING: This story was originally reported by StockNewsTimes and is owned by of StockNewsTimes. On average, equities research analysts forecast that T. Rowe Price Group will post $5.87 earnings per share for the current fiscal year. 175.45 million shares or 5.53% more from 166.26 million shares in 2017Q1 were reported. If you are viewing this story on another site, it was illegally copied and republished in violation of US and worldwide copyright & trademark legislation.

Among 15 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 4 have Buy rating, 3 Sell and 8 Hold.



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