Analysts expect that T. Rowe Price Group, Inc. (NASDAQ:TROW) will report $1.43 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have made estimates for T. Rowe Price Group’s earnings, with the lowest EPS estimate coming in at $1.38 and the highest estimate coming in at $1.49. T. Rowe Price Group reported earnings of $1.21 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 18.2%. The firm is expected to announce its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that T. Rowe Price Group will report full year earnings of $5.99 per share for the current fiscal year, with EPS estimates ranging from $5.76 to $6.09. For the next financial year, analysts forecast that the business will report earnings of $5.82 per share, with EPS estimates ranging from $5.70 to $5.94. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover T. Rowe Price Group.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a net margin of 33.10% and a return on equity of 24.76%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the firm earned $1.17 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis.

TROW has been the topic of several recent research reports. Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Jefferies Group reiterated a “buy” rating and issued a $104.00 price target (up from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. Citigroup increased their price target on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS increased their price objective on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a research note on Friday, October 27th. Finally, Barclays increased their price objective on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $89.67.

T. Rowe Price Group (NASDAQ:TROW) traded down $0.30 on Friday, reaching $103.14. 1,174,400 shares of the company’s stock traded hands, compared to its average volume of 1,675,675. T. Rowe Price Group has a fifty-two week low of $65.33 and a fifty-two week high of $105.36. The company has a market capitalization of $25,064.55, a P/E ratio of 20.20, a PEG ratio of 1.90 and a beta of 1.32.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be paid a $0.57 dividend. The ex-dividend date is Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.21%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 37.38%.

In related news, CEO William J. Stromberg sold 30,000 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the completion of the transaction, the chief executive officer now directly owns 534,077 shares of the company’s stock, valued at $51,853,535.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Freeman A. Hrabowski III sold 4,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $101.59, for a total transaction of $406,360.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 214,118 shares of company stock valued at $21,493,529. Corporate insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Alpha Cubed Investments LLC purchased a new position in T. Rowe Price Group during the third quarter valued at $256,000. Reliance Trust Co. of Delaware purchased a new position in T. Rowe Price Group during the third quarter valued at $304,000. JPMorgan Chase & Co. grew its stake in T. Rowe Price Group by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock valued at $872,439,000 after acquiring an additional 156,326 shares in the last quarter. Ffcm LLC grew its stake in T. Rowe Price Group by 6.4% during the second quarter. Ffcm LLC now owns 37,660 shares of the asset manager’s stock valued at $2,795,000 after acquiring an additional 2,261 shares in the last quarter. Finally, OLD Point Trust & Financial Services N A grew its stake in T. Rowe Price Group by 11.6% during the third quarter. OLD Point Trust & Financial Services N A now owns 15,334 shares of the asset manager’s stock valued at $1,390,000 after acquiring an additional 1,600 shares in the last quarter. 72.13% of the stock is owned by institutional investors.

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T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

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

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