T. Rowe Price Group (NASDAQ:TROW) PT Raised to $109.00 at UBS Group

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) had its target price upped by investment analysts at UBS Group from $100.00 to $109.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a "sell" rating on the asset manager's stock. UBS Group's target price would indicate a potential downside of 5.37% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. Keefe, Bruyette & Woods upgraded T. Rowe Price Group from an "underperform" rating to a "market perform" rating and lifted their price objective for the stock from $106.00 to $120.00 in a report on Thursday. Morgan Stanley boosted their target price on T. Rowe Price Group from $101.00 to $106.00 and gave the stock an "equal weight" rating in a report on Friday, January 19th. StockNews.com cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Friday, February 9th. Wells Fargo & Company boosted their target price on T. Rowe Price Group from $105.00 to $108.00 and gave the stock an "underweight" rating in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. boosted their target price on T. Rowe Price Group from $90.00 to $94.00 and gave the stock an "underweight" rating in a report on Friday, February 9th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $108.40.

T. Rowe Price Group Price Performance

TROW stock traded down $2.53 during trading on Friday, hitting $115.19. The stock had a trading volume of 1,387,532 shares, compared to its average volume of 1,388,660. T. Rowe Price Group has a twelve month low of $87.43 and a twelve month high of $132.76. The stock has a market capitalization of $25.76 billion, a P/E ratio of 14.84, a PEG ratio of 2.37 and a beta of 1.40. The company's 50-day moving average price is $114.46 and its two-hundred day moving average price is $106.50.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The asset manager reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.12. T. Rowe Price Group had a return on equity of 18.41% and a net margin of 27.69%. The company had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.63 billion. During the same period in the previous year, the firm posted $1.74 EPS. T. Rowe Price Group's revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that T. Rowe Price Group will post 8.06 EPS for the current fiscal year.

Insider Activity

In other news, insider Jessica M. Hiebler sold 1,138 shares of T. Rowe Price Group stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $107.13, for a total transaction of $121,913.94. Following the sale, the insider now owns 14,113 shares of the company's stock, valued at approximately $1,511,925.69. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other T. Rowe Price Group news, Director Freeman A. Hrabowski III sold 8,740 shares of the business's stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $118.32, for a total value of $1,034,116.80. Following the sale, the director now owns 21,073 shares of the company's stock, valued at $2,493,357.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 1,138 shares of the business's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $107.13, for a total value of $121,913.94. Following the completion of the sale, the insider now directly owns 14,113 shares in the company, valued at approximately $1,511,925.69. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of T. Rowe Price Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. West Coast Financial LLC purchased a new stake in T. Rowe Price Group in the first quarter valued at approximately $272,000. Central Valley Advisors LLC acquired a new position in shares of T. Rowe Price Group in the first quarter worth $223,000. Unison Advisors LLC grew its stake in shares of T. Rowe Price Group by 1.7% in the first quarter. Unison Advisors LLC now owns 16,552 shares of the asset manager's stock worth $2,018,000 after acquiring an additional 278 shares in the last quarter. Lane & Associates LLC grew its stake in shares of T. Rowe Price Group by 5.7% in the first quarter. Lane & Associates LLC now owns 2,012 shares of the asset manager's stock worth $245,000 after acquiring an additional 108 shares in the last quarter. Finally, FCF Advisors LLC grew its stake in shares of T. Rowe Price Group by 8.8% in the first quarter. FCF Advisors LLC now owns 21,223 shares of the asset manager's stock worth $2,588,000 after acquiring an additional 1,715 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

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.