T. Rowe Price Group (NASDAQ:TROW) Given New $115.00 Price Target at Deutsche Bank Aktiengesellschaft

T. Rowe Price Group (NASDAQ:TROW) had its price objective raised by research analysts at Deutsche Bank Aktiengesellschaft from $113.00 to $115.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “hold” rating on the asset manager’s stock. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 2.09% from the company’s previous close.

TROW has been the subject of several other reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $120.00 price target (down from $121.00) on shares of T. Rowe Price Group in a report on Monday, July 29th. JPMorgan Chase & Co. decreased their price target on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Monday. StockNews.com downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Monday, July 29th. Evercore ISI increased their price target on T. Rowe Price Group from $108.00 to $109.00 and gave the stock an “in-line” rating in a report on Friday, October 4th. Finally, Barclays raised their target price on T. Rowe Price Group from $101.00 to $110.00 and gave the company an “underweight” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.73.

T. Rowe Price Group Price Performance

Shares of TROW traded up $0.59 during mid-day trading on Monday, reaching $112.65. 1,039,656 shares of the company’s stock were exchanged, compared to its average volume of 1,252,743. The stock has a market capitalization of $25.08 billion, a PE ratio of 13.22, a price-to-earnings-growth ratio of 1.71 and a beta of 1.41. The business’s fifty day simple moving average is $108.32 and its 200-day simple moving average is $111.69. T. Rowe Price Group has a 52-week low of $90.02 and a 52-week high of $122.27.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $2.17 earnings per share. Equities research analysts predict that T. Rowe Price Group will post 9.16 earnings per share for the current year.

Insider Transactions at T. Rowe Price Group

In other news, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction on Friday, September 13th. The stock was sold at an average price of $104.73, for a total transaction of $50,689.32. Following the completion of the transaction, the insider now owns 13,939 shares of the company’s stock, valued at $1,459,831.47. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $104.73, for a total transaction of $50,689.32. Following the completion of the sale, the insider now owns 13,939 shares in the company, valued at approximately $1,459,831.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of T. Rowe Price Group stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the sale, the vice president now owns 123,624 shares of the company’s stock, valued at approximately $12,712,255.92. This represents a 0.00 % decrease in their position. 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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TROW. Norden Group LLC purchased a new stake in T. Rowe Price Group in the 1st quarter valued at about $420,000. Tokio Marine Asset Management Co. Ltd. grew its holdings in T. Rowe Price Group by 12.4% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,487 shares of the asset manager’s stock valued at $669,000 after buying an additional 607 shares during the period. Fidelis Capital Partners LLC purchased a new stake in T. Rowe Price Group in the 1st quarter valued at about $121,000. Daiwa Securities Group Inc. grew its holdings in T. Rowe Price Group by 9.3% in the 1st quarter. Daiwa Securities Group Inc. now owns 22,023 shares of the asset manager’s stock valued at $2,685,000 after buying an additional 1,880 shares during the period. Finally, Paulson Wealth Management Inc. grew its holdings in T. Rowe Price Group by 4.9% in the 1st quarter. Paulson Wealth Management Inc. now owns 2,028 shares of the asset manager’s stock valued at $247,000 after buying an additional 95 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.