T. Rowe Price Group (NASDAQ:TROW) Given New $100.00 Price Target at Citigroup

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) had its price objective reduced by Citigroup from $120.00 to $100.00 in a report released on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the asset manager's stock. Citigroup's price objective indicates a potential upside of 15.98% from the company's previous close.

TROW has been the topic of several other reports. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $113.00 price objective (up from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. Morgan Stanley reduced their price target on T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. StockNews.com downgraded T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. Barclays reduced their target price on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered their price target on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $108.50.

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T. Rowe Price Group Stock Down 8.2 %

NASDAQ:TROW traded down $7.68 during trading hours on Monday, hitting $86.22. 3,284,963 shares of the stock were exchanged, compared to its average volume of 1,378,461. The company has a market capitalization of $19.16 billion, a P/E ratio of 9.41, a price-to-earnings-growth ratio of 2.86 and a beta of 1.46. The company's 50 day moving average is $103.36 and its two-hundred day moving average is $110.62. T. Rowe Price Group has a twelve month low of $85.76 and a twelve month high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the firm posted $1.72 earnings per share. On average, equities research analysts expect that T. Rowe Price Group will post 9.29 EPS for the current year.

Insider Activity at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,955 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $91.56, for a total transaction of $362,119.80. Following the transaction, the director now directly owns 42,979 shares in the company, valued at $3,935,157.24. The trade was a 8.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total value of $449,318.24. Following the transaction, the vice president now owns 36,800 shares of the company's stock, valued at $4,021,136. The trade was a 10.05 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On T. Rowe Price Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Addison Advisors LLC lifted its stake in shares of T. Rowe Price Group by 67.4% during the 4th quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock worth $26,000 after buying an additional 93 shares during the last quarter. Curio Wealth LLC bought a new position in shares of T. Rowe Price Group during the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd lifted its holdings in T. Rowe Price Group by 124.0% during the 4th quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock worth $32,000 after purchasing an additional 155 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in T. Rowe Price Group in the 4th quarter valued at $32,000. Finally, Advantage Trust Co lifted its holdings in shares of T. Rowe Price Group by 48.8% during the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock worth $34,000 after buying an additional 100 shares in the last quarter. 73.39% of the stock is owned by institutional investors.

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.