T. Rowe Price Group (TROW) PT Lowered to $95.00 at Barclays

T. Rowe Price Group (NASDAQ:TROW) had its target price lowered by Barclays from $114.00 to $95.00 in a research report report published on Friday morning, MarketBeat.com reports. The brokerage currently has an underweight rating on the asset manager’s stock.

Several other research analysts have also issued reports on the company. Deutsche Bank lowered T. Rowe Price Group from a buy rating to a hold rating in a research report on Friday, September 7th. BidaskClub lowered T. Rowe Price Group from a sell rating to a strong sell rating in a research report on Saturday, September 1st. UBS Group reduced their price objective on T. Rowe Price Group from $127.00 to $121.00 and set a neutral rating for the company in a research report on Monday, October 8th. Morgan Stanley raised their price objective on T. Rowe Price Group from $116.00 to $118.00 and gave the company a hold rating in a research report on Tuesday, October 9th. Finally, Wells Fargo & Co raised their price objective on T. Rowe Price Group from $114.00 to $124.00 and gave the company a market perform rating in a research report on Friday, July 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. T. Rowe Price Group currently has an average rating of Hold and an average target price of $114.11.

Shares of NASDAQ:TROW opened at $93.77 on Friday. T. Rowe Price Group has a 52-week low of $90.95 and a 52-week high of $127.43. The company has a market capitalization of $22.59 billion, a PE ratio of 17.27, a PEG ratio of 1.16 and a beta of 1.19.



T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, October 25th. The asset manager reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a return on equity of 29.52% and a net margin of 33.98%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the company earned $1.56 EPS. On average, research analysts expect that T. Rowe Price Group will post 7.33 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date is Thursday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 51.57%.

Hedge funds have recently bought and sold shares of the stock. Focused Wealth Management Inc bought a new position in T. Rowe Price Group during the 2nd quarter valued at approximately $139,000. Townsend & Associates Inc bought a new position in T. Rowe Price Group during the 3rd quarter valued at approximately $135,000. Signature Estate & Investment Advisors LLC bought a new position in T. Rowe Price Group during the 2nd quarter valued at approximately $151,000. Parallel Advisors LLC increased its position in T. Rowe Price Group by 169.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,448 shares of the asset manager’s stock valued at $168,000 after buying an additional 910 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. bought a new position in T. Rowe Price Group during the 2nd quarter valued at approximately $190,000. 70.27% of the stock is owned by institutional investors.

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.

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