T. Rowe Price Group, Inc. (NASDAQ:TROW) Receives Average Recommendation of "Reduce" from Analysts

T. Rowe Price Group, Inc. (NASDAQ:TROW - Get Free Report) has received a consensus rating of "Reduce" from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $115.09.

Several research analysts have issued reports on TROW shares. Wells Fargo & Company lowered their price objective on shares of T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $113.00 price target (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. StockNews.com cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Sunday, February 2nd. Morgan Stanley boosted their price target on T. Rowe Price Group from $129.00 to $132.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Finally, Evercore ISI lifted 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.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the sale, the vice president now directly owns 36,800 shares in the company, valued at $4,021,136. The trade was a 10.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now owns 119,577 shares of the company's stock, valued at $14,749,822.95. This trade represents a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T. Rowe Price Group

Institutional investors have recently bought and sold shares of the business. International Assets Investment Management LLC increased its stake in shares of T. Rowe Price Group by 7,992.0% during the 3rd quarter. International Assets Investment Management LLC now owns 1,067,655 shares of the asset manager's stock worth $116,300,000 after purchasing an additional 1,054,461 shares during the last quarter. Norges Bank acquired a new position in shares of T. Rowe Price Group in the fourth quarter valued at about $117,704,000. Marshall Wace LLP acquired a new stake in T. Rowe Price Group during the 4th quarter worth $63,284,000. Fayez Sarofim & Co increased its stake in T. Rowe Price Group by 7.6% during the fourth quarter. Fayez Sarofim & Co now owns 6,052,469 shares of the asset manager's stock worth $684,474,000 after purchasing an additional 425,142 shares during the period. Finally, Amundi grew its stake in T. Rowe Price Group by 30.1% during the 4th quarter. Amundi now owns 1,717,877 shares of the asset manager's stock worth $194,064,000 after buying an additional 397,278 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

T. Rowe Price Group Trading Down 2.0 %

Shares of NASDAQ:TROW traded down $2.22 during trading on Thursday, reaching $106.27. The company had a trading volume of 1,199,985 shares, compared to its average volume of 1,629,381. The company has a fifty day moving average of $112.79 and a two-hundred day moving average of $112.29. T. Rowe Price Group has a 12 month low of $100.49 and a 12 month high of $125.81. The stock has a market capitalization of $23.66 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.86 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same quarter in the prior year, the company earned $1.72 earnings per share. As a group, equities research analysts predict that T. Rowe Price Group will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.27 dividend. This represents a $5.08 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. T. Rowe Price Group's dividend payout ratio is currently 54.15%.

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.