Barclays Has Lowered Expectations for T. Rowe Price Group (NASDAQ:TROW) Stock Price

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) had its price target reduced by research analysts at Barclays from $115.00 to $113.00 in a report issued on Friday,Benzinga reports. The firm presently has an "underweight" rating on the asset manager's stock. Barclays's target price points to a potential downside of 0.19% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group decreased their price objective on T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating for the company in a research note on Thursday, October 3rd. StockNews.com downgraded shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Friday. TD Cowen decreased their price objective on shares of T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Evercore ISI boosted their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their price target on T. Rowe Price Group from $116.00 to $115.00 and set an "underweight" rating on the stock in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $115.82.

T. Rowe Price Group Price Performance

Shares of NASDAQ TROW traded up $1.08 during midday trading on Friday, hitting $113.21. The company's stock had a trading volume of 1,182,106 shares, compared to its average volume of 1,142,590. The firm has a market capitalization of $25.15 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.42 and a beta of 1.43. The business's fifty day simple moving average is $117.71 and its two-hundred day simple moving average is $112.85. T. Rowe Price Group has a 1 year low of $100.49 and a 1 year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating the consensus estimate of $2.36 by $0.21. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.17 EPS. Analysts anticipate that T. Rowe Price Group will post 9.46 EPS for the current fiscal year.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now directly owns 119,577 shares of the company's stock, valued at approximately $14,749,822.95. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On T. Rowe Price Group

Several large investors have recently modified their holdings of TROW. International Assets Investment Management LLC increased its stake in T. Rowe Price Group by 7,992.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,067,655 shares of the asset manager's stock valued at $116,300,000 after buying an additional 1,054,461 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of T. Rowe Price Group by 382.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 398,175 shares of the asset manager's stock worth $43,373,000 after acquiring an additional 315,581 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of T. Rowe Price Group by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,840,807 shares of the asset manager's stock worth $745,169,000 after acquiring an additional 231,286 shares during the period. Dimensional Fund Advisors LP raised its holdings in T. Rowe Price Group by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,611,307 shares of the asset manager's stock worth $185,810,000 after purchasing an additional 220,105 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in T. Rowe Price Group by 77.2% in the second quarter. AQR Capital Management LLC now owns 451,237 shares of the asset manager's stock valued at $52,032,000 after purchasing an additional 196,565 shares during the period. Hedge funds and other institutional investors own 73.39% of the company's stock.

About T. Rowe Price Group

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.