T. Rowe Price Group Inc. (NASDAQ:TROW) was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $82.00 price target on the stock, up from their prior price target of $66.00. UBS AG’s target price would indicate a potential upside of 16.31% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Keefe, Bruyette & Woods set a $72.00 price target on shares of T. Rowe Price Group and gave the company a “hold” rating in a research report on Saturday, October 15th. Barclays PLC reduced their price target on shares of T. Rowe Price Group from $78.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, August 9th. JPMorgan Chase & Co. reduced their price target on shares of T. Rowe Price Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Wednesday, July 27th. Deutsche Bank AG lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $79.00 to $75.00 in a research report on Wednesday, July 20th. Finally, Morgan Stanley cut their target price on shares of T. Rowe Price Group from $74.00 to $71.00 and set an “equal weight” rating for the company in a research report on Thursday, July 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $75.00.

Analyst Recommendations for T. Rowe Price Group (NASDAQ:TROW)

T. Rowe Price Group (NASDAQ:TROW) opened at 70.50 on Thursday. The company’s 50-day moving average price is $65.85 and its 200 day moving average price is $70.39. The company has a market capitalization of $17.16 billion, a price-to-earnings ratio of 15.91 and a beta of 1.21. T. Rowe Price Group has a 12 month low of $62.97 and a 12 month high of $79.00.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Thursday, October 27th. The company reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by $0.01. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. T. Rowe Price Group had a net margin of 26.71% and a return on equity of 24.78%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 earnings per share. Analysts forecast that T. Rowe Price Group will post $4.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Thursday, December 15th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 49.54%.

Several large investors have recently bought and sold shares of the stock. Euclid Advisors LLC purchased a new stake in T. Rowe Price Group during the second quarter worth approximately $123,000. Quadrant Capital Group LLC boosted 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 worth $119,000 after buying an additional 42 shares during the last quarter. Societe Generale purchased a new stake in T. Rowe Price Group during the second quarter worth approximately $126,000. WFG Advisors LP boosted 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 worth $136,000 after buying an additional 340 shares during the last quarter. Finally, Checchi Capital Advisers LLC boosted 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 worth $143,000 after buying an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 71.70% of the company’s stock.

About T. Rowe Price Group

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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