Shares of T. Rowe Price Group Inc. (NASDAQ:TROW) were down 3.5% during mid-day trading on Tuesday . The company traded as low as $70.58 and last traded at $71.08, with a volume of 2,213,566 shares traded. The stock had previously closed at $73.69.

A number of analysts have issued reports on TROW shares. Jefferies Group reissued a “buy” rating and issued a $82.00 target price on shares of T. Rowe Price Group in a research report on Friday, April 1st. Barclays PLC raised their target price on T. Rowe Price Group from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 5th. JPMorgan Chase & Co. reissued a “sell” rating and issued a $74.00 target price (up from $71.00) on shares of T. Rowe Price Group in a research report on Thursday, April 7th. Zacks Investment Research cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Finally, Royal Bank Of Canada lifted their price target on T. Rowe Price Group from $74.00 to $78.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $77.00.

The stock has a 50 day moving average of $72.77 and a 200 day moving average of $72.26. The stock has a market capitalization of $17.51 billion and a PE ratio of 15.17.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Tuesday, July 26th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.04. The company had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.03 billion. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.24 EPS. On average, equities research analysts forecast that T. Rowe Price Group Inc. will post $4.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders of record on Wednesday, June 15th were paid a dividend of $0.54 per share. The ex-dividend date was Monday, June 13th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.06%.

In other news, Director James A. C. Kennedy sold 50,000 shares of the business’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $77.75, for a total transaction of $3,887,500.00. Following the completion of the sale, the director now owns 1,340,183 shares of the company’s stock, valued at $104,199,228.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A number of hedge funds have made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of T. Rowe Price Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 16,178,454 shares of the company’s stock valued at $1,156,597,000 after buying an additional 104,396 shares in the last quarter. TrimTabs Asset Management LLC boosted its stake in shares of T. Rowe Price Group by 1.9% in the fourth quarter. TrimTabs Asset Management LLC now owns 30,062 shares of the company’s stock valued at $2,149,000 after buying an additional 561 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in shares of T. Rowe Price Group by 16.8% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 60,619 shares of the company’s stock valued at $4,501,000 after buying an additional 8,705 shares in the last quarter. Gulf International Bank UK Ltd boosted its stake in shares of T. Rowe Price Group by 2.7% in the fourth quarter. Gulf International Bank UK Ltd now owns 75,520 shares of the company’s stock valued at $5,399,000 after buying an additional 1,980 shares in the last quarter. Finally, Andra AP fonden boosted its stake in shares of T. Rowe Price Group by 8.4% in the fourth quarter. Andra AP fonden now owns 38,700 shares of the company’s stock valued at $2,767,000 after buying an additional 3,000 shares in the last quarter.

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. It operates through investment advisory business segment.

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