T. Rowe Price Group (NASDAQ:TROW) Receives a Higher Rating From Deutsche Bank. What’s The Reasoning Behind This Move?

May 16, 2018 - By Darrin Black

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

Investors sentiment increased to 1 in 2017 Q4. Its up 0.09, from 0.91 in 2017Q3. It improved, 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.

Parkwood Limited Liability holds 2,198 shares. Moreover, Groesbeck Invest Nj has 2.1% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 28,513 shares. Pinnacle Assoc reported 0.05% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Conning Inc stated it has 5,873 shares or 0.02% of all its holdings. Legal General Gru Public Lc holds 1.37 million shares or 0.1% of its portfolio. London Of Virginia holds 345,058 shares. Cetera Advsrs Ltd accumulated 7,685 shares. North Star Asset Mgmt accumulated 1.5% or 159,274 shares. Moreover, State Of Tennessee Treasury Department has 0.09% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). Pekin Singer Strauss Asset Il holds 1,940 shares or 0.04% of its portfolio. Moreover, Folger Nolan Fleming Douglas Capital Inc has 1.53% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 104,408 shares. Old National Bank & Trust In holds 0.06% or 10,869 shares in its portfolio. Lafayette has invested 3.22% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Drw Ltd Liability Corp holds 3,408 shares or 0.04% of its portfolio. Credit Suisse Ag holds 0.04% or 451,878 shares.

Since December 8, 2017, it had 0 buys, and 5 sales for $14.47 million activity. Alderson Christopher D sold $700,052 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) on Friday, December 8. The insider MORELAND KENNETH V sold 8,066 shares worth $839,833. The insider HRABOWSKI FREEMAN A III sold 4,000 shares worth $406,356.

T. Rowe Price Group (NASDAQ:TROW) Stock Upgrade

The rating for shares of T. Rowe Price Group (NASDAQ:TROW) were raised by equity analysts at Deutsche Bank from a Hold rating to a Buy rating in analysts note issued to clients on 16 May.

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 -3.25% below currents $120.8 stock price. T Rowe Price had 16 analyst reports since December 21, 2017 according to SRatingsIntel. Deutsche Bank maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) on Friday, April 6 with “Hold” rating. As per Tuesday, January 30, the company rating was maintained by Keefe Bruyette & Woods. The company was maintained on Tuesday, April 10 by Keefe Bruyette & Woods. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Hold” rating given on Thursday, April 5 by Credit Suisse. Deutsche Bank maintained it with “Hold” rating and $116 target in Tuesday, March 6 report. The firm has “Neutral” rating by Credit Suisse given on Thursday, February 22. Keefe Bruyette & Woods maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) on Thursday, December 21 with “Hold” rating. The firm has “Buy” rating given on Wednesday, January 10 by Jefferies. The firm has “Buy” rating given on Wednesday, April 11 by Jefferies. Bank of America upgraded T. Rowe Price Group, Inc. (NASDAQ:TROW) on Monday, January 8 to “Buy” rating.

The stock increased 3.12% or $3.66 during the last trading session, reaching $120.8. About 755,792 shares traded. 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 earnings per share, up 35.16 % or $0.45 from last year’s $1.28 per share. TROW’s profit will be $418.89 million for 17.46 P/E if the $1.73 EPS becomes a reality. After $1.74 actual earnings per share 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 $29.25 billion. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It has a 19.47 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: Seekingalpha.com which released: “Venture Capital Deals Of The Week: E-Trade Competitor Hits $5.6B Valuation” on May 12, 2018, also Seekingalpha.com with their article: “Bloomberg: T. Rowe Price, JPMorgan cut Apple stakes before stock rallies” published on May 15, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018. More interesting news about T. Rowe Price Group, Inc. (NASDAQ:TROW) were released by: Streetinsider.com and their article: “Deutsche Bank Upgrades T. Rowe Price (TROW) to Buy” published on May 16, 2018 as well as Nasdaq.com‘s news article titled: “Research Report Identifies T. Rowe Price Group, Omeros, Old Dominion Freight Line, Dillard’s, BGC Partners, and …” with publication date: April 19, 2018.

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

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