Equities research analysts expect T. Rowe Price Group Inc (NASDAQ:TROW) to post earnings per share of $1.49 for the current quarter, according to Zacks. Four 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 $1.75. T. Rowe Price Group reported earnings per share of $1.77 in the same quarter last year, which indicates a negative year over year growth rate of 15.8%. The company is expected to issue its next quarterly earnings results on Wednesday, April 24th.

On average, analysts expect that T. Rowe Price Group will report full year earnings of $6.35 per share for the current fiscal year, with EPS estimates ranging from $5.86 to $6.86. For the next financial year, analysts anticipate that the business will report earnings of $6.78 per share, with EPS estimates ranging from $6.11 to $7.59. Zacks’ EPS averages are an average based on a survey of research analysts that cover T. Rowe Price Group.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Wednesday, January 30th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.66 by ($0.25). The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.33 billion. T. Rowe Price Group had a return on equity of 29.16% and a net margin of 33.95%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS.

A number of research analysts have issued reports on TROW shares. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $106.00 price target for the company. in a report on Saturday, November 17th. Bank of America reaffirmed a “buy” rating and issued a $108.00 price target (down previously from $125.00) on shares of T. Rowe Price Group in a report on Thursday, December 6th. Citigroup decreased their price target on shares of T. Rowe Price Group from $105.00 to $101.00 and set a “neutral” rating for the company in a report on Wednesday, December 19th. Goldman Sachs Group cut shares of T. Rowe Price Group from a “buy” rating to a “neutral” rating and set a $93.00 price target for the company. in a report on Friday, January 4th. Finally, Morgan Stanley decreased their price target on shares of T. Rowe Price Group from $105.00 to $98.00 and set an “equal weight” rating for the company in a report on Friday, January 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. T. Rowe Price Group currently has a consensus rating of “Hold” and an average target price of $102.73.

In related news, VP Christopher D. Alderson sold 104,465 shares of the firm’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $96.94, for a total transaction of $10,126,837.10. Following the sale, the vice president now owns 401,164 shares in the company, valued at $38,888,838.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Edward C. Bernard sold 10,000 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $97.15, for a total transaction of $971,500.00. Following the sale, the insider now owns 651,532 shares in the company, valued at approximately $63,296,333.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 117,082 shares of company stock valued at $11,361,948. 3.10% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of T. Rowe Price Group by 2.2% in 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 grew its position in shares of T. Rowe Price Group by 2.2% in 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. grew its position in shares of T. Rowe Price Group by 0.6% in 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. Oregon Public Employees Retirement Fund grew its position in shares of T. Rowe Price Group by 5,160.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,804,712 shares of the asset manager’s stock valued at $63,000 after purchasing an additional 5,694,370 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of T. Rowe Price Group by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 3,439,749 shares of the asset manager’s stock valued at $317,047,000 after purchasing an additional 76,186 shares during the period. Institutional investors own 72.42% of the company’s stock.

Shares of NASDAQ TROW traded up $1.76 during midday trading on Friday, reaching $102.44. The company had a trading volume of 2,842,189 shares, compared to its average volume of 1,554,886. The stock has a market cap of $24.20 billion, a P/E ratio of 14.33, a P/E/G ratio of 1.92 and a beta of 1.04. T. Rowe Price Group has a 1 year low of $84.59 and a 1 year high of $127.43.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 2.97%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $0.70. T. Rowe Price Group’s dividend payout ratio (DPR) is 39.16%.

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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