T. Rowe Price Group, Inc. (NASDAQ:TROW) registered a -1.24% decrease, still its new closing price is 11.26% up from the company’s 1 year high of 78.39.It posted -5.85% losses in previous 5 sessions and is now the subject of 10 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 16 stock analysts following this company have an average price target at $74.29, with individual PT in the $62.00-$88.00 range. The shares moved at $69.39, implying that brokerage firms see shares gaining about 4.50% in twelve months time.
T. Rowe Price Group, Inc. (TROW) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -7.80% fall year to date. A Vice President at T. Rowe Price Group, Inc. (TROW) offloaded shares in a transaction closed on Tuesday December 20, 2016. Alderson Christopher D sold 133,244 shares in the company at $77.67 each and collected $10,349,000 in proceeds. Alderson Christopher D now owns 364,195 shares in the company after this transaction. A Vice President in the company, Wiese Edward A, disclosed a transaction on Tuesday December 13, 2016 that ended up generating $228,000 from the sale of 3,000 shares at $76.12 per share.
T. Rowe Price Group, Inc. (NASDAQ:TROW) Upcoming Results on Tap
T. Rowe Price Group, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.15 in that period. Sales during the quarter are predicted to arrive at $1.08 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.09 billion in revenue and EPS of $1.50. The mean forecast was for $1.1 billion and $1.43 a share, respectively. One quarter earlier, revenue for the stock was at $1.09 billion, with earnings at $1.28/share.
T. Rowe Price Group, Inc. (TROW) Brokerage Update
T. Rowe Price Group, Inc. (TROW) is in UBS’s research list so their analyst rating change is noteworthy. These shares were upgraded to Buy from Neutral by UBS, according to news reported on Thursday November 10, 2016.Another important research note was issued by Deutsche Bank on Wednesday July 20, 2016.The firm downgraded TROW to Hold from Buy. Over the last six months and over the last three months, the shares of T. Rowe Price Group, Inc. (TROW), have changed 0.00% and 5.33%, respectively.