Analysts at Credit Suisse Give T Rowe Price (NASDAQ:TROW) an Upgrade

May 16, 2018 - By William Pierce

T. Rowe Price Group, Inc. (NASDAQ:TROW) Logo

Investors sentiment increased to 1 in Q4 2017. Its up 0.09, from 0.91 in 2017Q3. It increased, as 40 investors sold T. Rowe Price Group, Inc. shares while 253 reduced holdings. 95 funds opened positions while 197 raised stakes. 170.77 million shares or 0.35% less from 171.36 million shares in 2017Q3 were reported.

Asset Mngmt One Ltd accumulated 497,826 shares or 0.12% of the stock. Drw Securities owns 3,408 shares. Rhumbline Advisers accumulated 480,858 shares or 0.1% of the stock. First Commonwealth Fincl Corporation Pa holds 0.48% or 4,307 shares in its portfolio. Southeastern Asset Management Inc Tn holds 0.02% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 17,945 shares. Farmers Comml Bank invested in 0.04% or 7,605 shares. Vaughan David Il has invested 1.08% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Btim Corporation has 421,080 shares for 0.65% of their portfolio. Grantham Mayo Van Otterloo Llc reported 93,105 shares or 0.06% of all its holdings. Andra Ap has invested 0.09% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Pinnacle Associate Ltd holds 0.05% or 24,046 shares. Chem Retail Bank holds 0.12% or 10,240 shares in its portfolio. Virtus Advisers Inc owns 0.14% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 27,448 shares. Bender Robert Associates reported 0.16% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Jensen Invest Management invested in 37,301 shares or 0.05% of the stock.

Since December 8, 2017, it had 0 insider buys, and 5 insider sales for $14.47 million activity. On Wednesday, December 13 Wiese Edward A sold $3.06 million worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) or 30,000 shares. 8,066 shares valued at $839,833 were sold by MORELAND KENNETH V on Tuesday, January 2. HRABOWSKI FREEMAN A III had sold 4,000 shares worth $406,356.

T Rowe Price (NASDAQ:TROW) Stock Upgrade

Trading of shares of T Rowe Price (NASDAQ:TROW) will be interesting to watch this afternoon as Credit Suisse increased the stock to a “Buy”.

T. Rowe Price Group, Inc. (NASDAQ:TROW) Ratings Coverage

Among 9 analysts covering T Rowe Price (NASDAQ:TROW), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. T Rowe Price has $128.0 highest and $105 lowest target. $116.88’s average target is -3.20% below currents $120.75 stock price. T Rowe Price had 16 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Jefferies on Wednesday, April 11 with “Buy”. As per Tuesday, April 10, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Neutral” rating by Credit Suisse given on Thursday, February 22. The company was maintained on Thursday, April 26 by UBS. Deutsche Bank maintained it with “Hold” rating and $116 target in Tuesday, March 6 report. On Friday, April 6 the stock rating was maintained by Deutsche Bank with “Hold”. The stock has “Hold” rating by Credit Suisse on Thursday, April 5. The stock has “Buy” rating by Bank of America on Monday, January 8. Morgan Stanley maintained it with “Equal-Weight” rating and $113 target in Thursday, February 22 report. Citigroup maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) on Thursday, February 22 with “Neutral” rating.

The stock increased 3.08% or $3.61 during the last trading session, reaching $120.75. About 1.65M shares traded or 4.47% up from the average. T. Rowe Price Group, Inc. (NASDAQ:TROW) has risen 56.88% since May 16, 2017 and is uptrending. It has outperformed by 45.33% the S&P500.

Analysts await T. Rowe Price Group, Inc. (NASDAQ:TROW) to report earnings on July, 24. They expect $1.73 EPS, up 35.16 % or $0.45 from last year’s $1.28 per share. TROW’s profit will be $418.90 million for 17.45 P/E if the $1.73 EPS becomes a reality. After $1.74 actual EPS reported by T. Rowe Price Group, Inc. for the previous quarter, Wall Street now forecasts -0.57 % negative EPS growth.

T. Rowe Price Group, Inc. is a publicly owned investment manager. The company has market cap of $29.24 billion. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It has a 19.46 P/E ratio. It launches and manages equity and fixed income mutual funds.

More notable recent T. Rowe Price Group, Inc. (NASDAQ:TROW) news were published by: Streetinsider.com which released: “Deutsche Bank Upgrades T. Rowe Price (TROW) to Buy” on May 16, 2018, also Streetinsider.com with their article: “UPDATE: Credit Suisse Upgrades T. Rowe Price (TROW) to Outperform” published on May 16, 2018, Nasdaq.com published: “Research Report Identifies T. Rowe Price Group, Omeros, Old Dominion Freight Line, Dillard’s, BGC Partners, and …” on April 19, 2018. More interesting news about T. Rowe Price Group, Inc. (NASDAQ:TROW) were released by: Benzinga.com and their article: “Bill Stromberg” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Venture Capital Deals Of The Week: E-Trade Competitor Hits $5.6B Valuation” with publication date: May 12, 2018.

T. Rowe Price Group, Inc. (NASDAQ:TROW) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Science

Deepwater discovery in Mexican Gulf by Shell

Deepwater discovery in Mexican Gulf by Shell

Kelly Oliver

Recently one of the biggest oil companies in the world Shell has made big exploration of deep waters in the Gulf of Mexico. Researching took place 13 miles from Appomattox Shell’s project, which will start its production in the 2019 year, according to previous plans. Receive News & Ratings Via Email - ...

New recycling program for Boise

New recycling program for Boise

Ellis Scott

The new program is called Hefty EnergyBag Program. It was recently announced in Boise. Although it was made for help with recycling, there is confusion and many questions about it. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Smart countryside as the key to the future

Smart countryside as the key to the future

Edwin Martin

So-called “smart cities” are usually taken as an example of the future for cities. The rise in the capacity for more information can help us to solve problems on the environmental and human scale. It will be possible with saving of energy and traffic regulations. Receive News & Ratings Via Email - ...

Pollution in the real-time observation

Pollution in the real-time observation

Dolores Ford

New technology made in Utah can provide the results of pollution in the real time. It can be used by environmental researchers who want to receive a clear view of toxins in the air. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary ...

The red tape for commercial space flight is cut by Donald Trump

The red tape for commercial space flight is cut by Donald Trump

Darrin Black

Donald Trump, the 45th current president of the USA, wants commercial flight into space get real. He looks for boosting of space flights before it can be done by China. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news ...

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Hertog talks about his collaboration with Stephen Hawking

Thomas Roop

Thomas Hertog, the theoretical physicist told the press about his experience from the work with Stephen Hawking, his implication on Hertog’s new ideas, and their collaboration. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with ...

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Doubts behind Electromagnetic Drive Space Thruster Impossible from NASA

Thomas Roop

While NASA celebrates its new creation, some experts believe it can’t work because of simple violations of the third law of Newton. It was called Impossible after it broke this law. However, further experiments show that it could have happened only because of errors in previous tests. Receive News & Ratings Via ...

New species in 2018

New species in 2018

Peter Erickson

ESF names animals, plants, and microbes that were able to survive instead of all predictions. There are big, small, beautiful, and weird. They have different groups, they are different species and even from different kingdoms. They are all united by their ability to survive and be discovered by scientists. Receive News & ...

Small helicopter on Mars

Small helicopter on Mars

Paul Bridgeforth

There will be a new feature for Mars of 2020. This invention is compared to the bold experiment of Wright Brothers almost 117 years ago. While they have shown that people can fly on Earth, the new invention will make flights possible on Mars. Receive News & Ratings Via Email - Enter ...

New El Niño is coming in 2018

New El Niño is coming in 2018

Orlando Souther

It predicts more natural disasters and unexpected weather conditions for the next year. Researchers say that there will be wildfires, droughts, and scorching temps for the next 12 months. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and ...