T. Rowe Price Group Inc to Post Q4 2018 Earnings of $1.76 Per Share, Jefferies Financial Group Forecasts (TROW)

T. Rowe Price Group Inc (NASDAQ:TROW) – Jefferies Financial Group lowered their Q4 2018 earnings per share (EPS) estimates for shares of T. Rowe Price Group in a research note issued on Wednesday, January 9th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will post earnings per share of $1.76 for the quarter, down from their previous forecast of $1.86. Jefferies Financial Group also issued estimates for T. Rowe Price Group’s FY2020 earnings at $7.40 EPS.

A number of other research firms also recently issued reports on TROW. UBS Group dropped their price objective on shares of T. Rowe Price Group from $127.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, October 8th. Deutsche Bank boosted their price target on shares of T. Rowe Price Group from $118.00 to $119.00 and gave the stock a “hold” rating in a research note on Thursday, September 27th. Morgan Stanley boosted their price target on shares of T. Rowe Price Group from $116.00 to $118.00 and gave the stock a “hold” rating in a research note on Tuesday, October 9th. Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $122.00 price target for the company in a research note on Thursday, October 11th. Finally, Citigroup lowered their price target on shares of T. Rowe Price Group from $113.00 to $105.00 and set a “hold” rating for the company in a research note on Monday, October 29th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. T. Rowe Price Group has a consensus rating of “Hold” and an average price target of $105.40.



NASDAQ TROW opened at $92.29 on Friday. T. Rowe Price Group has a 52-week low of $84.59 and a 52-week high of $127.43. The firm has a market cap of $22.30 billion, a PE ratio of 17.00, a P/E/G ratio of 1.17 and a beta of 1.12.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Thursday, October 25th. The asset manager reported $2.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a net margin of 33.98% and a return on equity of 29.52%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period last year, the firm earned $1.56 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Shareholders of record on Friday, December 14th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Thursday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 51.57%.

In other T. Rowe Price Group news, VP Christopher D. Alderson sold 5,681 shares of the company’s stock in a transaction dated Monday, December 10th. The shares were sold at an average price of $92.22, for a total value of $523,901.82. Following the sale, the vice president now owns 118,818 shares in the company, valued at $10,957,395.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.10% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in T. Rowe Price Group by 2.2% during the third quarter. Vanguard Group Inc. now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after purchasing an additional 457,683 shares during the period. Vanguard Group Inc lifted its position in T. Rowe Price Group by 2.2% during the third quarter. Vanguard Group Inc now owns 21,212,245 shares of the asset manager’s stock valued at $2,315,952,000 after purchasing an additional 457,683 shares during the period. BlackRock Inc. lifted its position in T. Rowe Price Group by 0.6% during the third quarter. BlackRock Inc. now owns 17,444,147 shares of the asset manager’s stock valued at $1,904,553,000 after purchasing an additional 97,337 shares during the period. Bank of America Corp DE lifted its position in T. Rowe Price Group by 10.2% during the second quarter. Bank of America Corp DE now owns 2,545,305 shares of the asset manager’s stock valued at $295,485,000 after purchasing an additional 236,487 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd lifted its position in T. Rowe Price Group by 9.6% during the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,297,776 shares of the asset manager’s stock valued at $250,871,000 after purchasing an additional 201,553 shares during the period. Hedge funds and other institutional investors own 71.32% of the company’s stock.

T. Rowe Price Group Company Profile

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

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