Wall Street brokerages forecast that T. Rowe Price Group, Inc. (NASDAQ:TROW) will post earnings per share of $1.44 for the current quarter, according to Zacks. Five analysts have made estimates for T. Rowe Price Group’s earnings. The highest EPS estimate is $1.49 and the lowest is $1.38. T. Rowe Price Group posted earnings per share of $1.21 in the same quarter last year, which suggests a positive year-over-year growth rate of 19%. The company is scheduled to announce its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that T. Rowe Price Group will report full-year earnings of $5.99 per share for the current fiscal year, with EPS estimates ranging from $5.76 to $6.09. For the next financial year, analysts expect that the firm will report earnings of $5.82 per share, with EPS estimates ranging from $5.70 to $5.94. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover T. Rowe Price Group.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.20. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. T. Rowe Price Group’s revenue was up 11.8% compared to the same quarter last year.

Several research analysts have weighed in on TROW shares. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. BidaskClub cut T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 price objective on shares of T. Rowe Price Group in a research report on Sunday, August 20th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Tuesday, September 12th. Finally, Goldman Sachs Group, Inc. (The) raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $85.00 to $100.00 in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $89.50.

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.29, for a total value of $84,290.00. Following the transaction, the insider now directly owns 8,461 shares in the company, valued at approximately $713,177.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne M. Whittemore sold 4,163 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $90.64, for a total value of $377,334.32. Following the completion of the transaction, the director now owns 29,070 shares in the company, valued at $2,634,904.80. The disclosure for this sale can be found here. Insiders sold a total of 18,204 shares of company stock worth $1,640,922 over the last 90 days. Corporate insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in TROW. Thrivent Financial For Lutherans increased its stake in T. Rowe Price Group by 4.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,918 shares of the asset manager’s stock worth $608,000 after acquiring an additional 360 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of T. Rowe Price Group during the 1st quarter valued at about $3,352,000. Gotham Asset Management LLC increased its position in shares of T. Rowe Price Group by 29.5% during the 1st quarter. Gotham Asset Management LLC now owns 4,336 shares of the asset manager’s stock valued at $295,000 after purchasing an additional 987 shares during the last quarter. Hendley & Co. Inc. increased its position in shares of T. Rowe Price Group by 299.8% during the 1st quarter. Hendley & Co. Inc. now owns 65,317 shares of the asset manager’s stock valued at $4,451,000 after purchasing an additional 48,980 shares during the last quarter. Finally, Piedmont Investment Advisors LLC increased its position in shares of T. Rowe Price Group by 1.8% during the 1st quarter. Piedmont Investment Advisors LLC now owns 73,376 shares of the asset manager’s stock valued at $5,001,000 after purchasing an additional 1,299 shares during the last quarter. Institutional investors and hedge funds own 72.83% of the company’s stock.

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T. Rowe Price Group (NASDAQ:TROW) traded up $0.85 during mid-day trading on Friday, reaching $93.57. The company’s stock had a trading volume of 873,808 shares, compared to its average volume of 1,689,769. T. Rowe Price Group has a twelve month low of $65.33 and a twelve month high of $97.35. The stock has a market capitalization of $22,630.00, a PE ratio of 18.26, a P/E/G ratio of 1.72 and a beta of 1.28.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.44%. T. Rowe Price Group’s payout ratio is 37.32%.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

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Earnings History and Estimates for T. Rowe Price Group (NASDAQ:TROW)

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