T. Rowe Price Group Inc (NASDAQ:TROW) to Post Q3 2019 Earnings of $1.99 Per Share, William Blair Forecasts

T. Rowe Price Group Inc (NASDAQ:TROW) – Research analysts at William Blair lifted their Q3 2019 earnings per share (EPS) estimates for T. Rowe Price Group in a research report issued on Wednesday, July 24th. William Blair analyst C. Shutler now forecasts that the asset manager will earn $1.99 per share for the quarter, up from their previous forecast of $1.89.

A number of other research firms have also recently issued reports on TROW. Morgan Stanley set a $112.00 target price on shares of Tractor Supply and gave the stock a “hold” rating in a research note on Friday, July 26th. Zacks Investment Research upgraded shares of IMI PLC/S from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd. BidaskClub upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. Barclays raised their target price on shares of T. Rowe Price Group from $90.00 to $95.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Finally, Bank of America set a $180.00 target price on shares of CME Group and gave the stock a “hold” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $108.25.

NASDAQ TROW opened at $115.36 on Monday. The business’s 50-day moving average is $109.37. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 0.02. The firm has a market cap of $27.14 billion, a PE ratio of 16.13, a PEG ratio of 1.73 and a beta of 1.07. T. Rowe Price Group has a 52-week low of $84.59 and a 52-week high of $120.75.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Wednesday, July 24th. The asset manager reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.15. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.39 billion. T. Rowe Price Group had a net margin of 36.17% and a return on equity of 28.80%. T. Rowe Price Group’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.87 EPS.

In other T. Rowe Price Group news, VP Robert C.T. Higginbotham sold 19,393 shares of T. Rowe Price Group stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $115.17, for a total value of $2,233,491.81. Following the completion of the sale, the vice president now owns 68,864 shares in the company, valued at approximately $7,931,066.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary K. Bush sold 3,500 shares of T. Rowe Price Group stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $107.06, for a total transaction of $374,710.00. Following the completion of the sale, the director now owns 19,243 shares of the company’s stock, valued at approximately $2,060,155.58. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Northwest Investment Counselors LLC increased its holdings in T. Rowe Price Group by 0.7% in the 1st quarter. Northwest Investment Counselors LLC now owns 13,426 shares of the asset manager’s stock valued at $1,344,000 after buying an additional 96 shares during the period. Curbstone Financial Management Corp increased its holdings in T. Rowe Price Group by 1.3% in the 1st quarter. Curbstone Financial Management Corp now owns 7,590 shares of the asset manager’s stock valued at $760,000 after buying an additional 100 shares during the period. Unison Advisors LLC increased its holdings in T. Rowe Price Group by 0.7% in the 2nd quarter. Unison Advisors LLC now owns 13,584 shares of the asset manager’s stock valued at $1,490,000 after buying an additional 100 shares during the period. Kistler Tiffany Companies LLC increased its holdings in T. Rowe Price Group by 66.7% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 250 shares of the asset manager’s stock valued at $27,000 after buying an additional 100 shares during the period. Finally, Duncker Streett & Co. Inc. increased its holdings in T. Rowe Price Group by 3.1% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 3,279 shares of the asset manager’s stock valued at $360,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 69.23% 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.

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

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