Rowe reiterated their sector perform rating on shares of T. Rowe Price Group (NASDAQ:TROW) in a research report released on Friday morning, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of T. Rowe Price Group from $84.50 to $81.50 in a research note to investors on Friday. They now have an overweight rating on the stock. Separately, analysts at Zacks reiterated an outperform rating on shares of T. Rowe Price Group in a research note to investors on Friday. They now have a $84.00 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of T. Rowe Price Group from $80.00 to $81.00 in a research note to investors on Tuesday, October 15th. They now have a buy rating on the stock. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $80.76.
Shares of T. Rowe Price Group (NASDAQ:TROW) traded up 0.35% during mid-day trading on Friday, hitting $78.055. The stock had a trading volume of 1,654,537 shares. T. Rowe Price Group has a one year low of $62.34 and a one year high of $80.26. The stock has a 50-day moving average of $72.95 and a 200-day moving average of $74.3. The company has a market cap of $20.193 billion and a price-to-earnings ratio of 20.96.
T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.03. The company had revenue of $884.40 million for the quarter, compared to the consensus estimate of $870.26 million. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. On average, analysts predict that T. Rowe Price Group will post $3.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 27th. Stockholders of record on Monday, December 16th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Thursday, December 12th.
T. Rowe Price Group, Inc is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.