T. Rowe Price Group Inc. (NASDAQ:TROW) had its price objective decreased by Jefferies Group from $83.00 to $80.00 in a research note released on Tuesday. Jefferies Group currently has a buy rating on the stock.

Several other research analysts have also recently issued reports on the company. Zacks Investment Research raised T. Rowe Price Group from a sell rating to a hold rating in a research note on Friday, October 7th. Barclays PLC lowered their target price on T. Rowe Price Group from $78.00 to $76.00 and set an equal weight rating for the company in a report on Tuesday, August 9th. Keefe, Bruyette & Woods lowered their target price on T. Rowe Price Group from $81.00 to $75.00 and set a market perform rating for the company in a report on Wednesday, July 27th. Deutsche Bank AG lowered T. Rowe Price Group from a buy rating to a hold rating and lowered their target price for the stock from $79.00 to $75.00 in a report on Wednesday, July 20th. Finally, TheStreet lowered T. Rowe Price Group from a buy rating to a hold rating in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $75.71.

T. Rowe Price Group (NASDAQ:TROW) traded up 0.91% during trading on Tuesday, reaching $66.55. The company had a trading volume of 432,776 shares. The firm’s 50 day moving average is $67.55 and its 200 day moving average is $71.85. T. Rowe Price Group has a one year low of $63.57 and a one year high of $79.00. The company has a market capitalization of $16.54 billion, a PE ratio of 16.03 and a beta of 1.17.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.04. T. Rowe Price Group had a return on equity of 22.25% and a net margin of 25.77%. The company had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the firm earned $1.24 earnings per share. T. Rowe Price Group’s revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts predict that T. Rowe Price Group will post $4.24 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Stockholders of record on Thursday, September 15th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Tuesday, September 13th. T. Rowe Price Group’s payout ratio is presently 52.17%.

Hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in T. Rowe Price Group by 2.5% in the second quarter. Quadrant Capital Group LLC now owns 1,711 shares of the company’s stock valued at $119,000 after buying an additional 42 shares during the last quarter. Euclid Advisors LLC purchased a new stake in T. Rowe Price Group during the second quarter valued at approximately $123,000. Societe Generale purchased a new stake in T. Rowe Price Group during the second quarter valued at approximately $126,000. WFG Advisors LP raised its stake in T. Rowe Price Group by 22.2% in the second quarter. WFG Advisors LP now owns 1,870 shares of the company’s stock valued at $136,000 after buying an additional 340 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its stake in T. Rowe Price Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 1,958 shares of the company’s stock valued at $143,000 after buying an additional 18 shares during the last quarter. 69.64% of the stock is currently owned by hedge funds and other institutional investors.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. It operates through investment advisory business segment.

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