T. Rowe Price Group (NASDAQ:TROW) Share Price May Be About to Change Direction; Credit Suisse Upgrades The Company.

May 16, 2018 - By Orlando Souther

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 is positive, 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.

Ashfield Cap Partners Ltd Liability holds 0.09% or 6,400 shares. Citigroup holds 0.02% or 290,107 shares. Highvista Strategies Lc holds 2,700 shares or 0.08% of its portfolio. California Employees Retirement Systems stated it has 658,406 shares or 0.09% of all its holdings. Greenbrier Cap Mngmt Ltd Company owns 30,000 shares. Congress Asset Com Ma has invested 0.16% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Groesbeck Investment Mngmt Corp Nj accumulated 28,513 shares. Barometer Capital owns 61,050 shares. Eagle Ridge Investment Mngmt reported 0.29% stake. Japan-based Sumitomo Mitsui Asset Mngmt Communications Ltd has invested 0.03% in T. Rowe Price Group, Inc. (NASDAQ:TROW). The Massachusetts-based Zevin Asset Mgmt Limited Company has invested 0.05% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Nbt Bancorp N A owns 1.13% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 68,189 shares. State Of Wisconsin Board invested in 307,372 shares. Stephens Inc Ar accumulated 0.17% or 43,401 shares. Guggenheim Cap Limited Liability Company has 807,029 shares.

Since December 8, 2017, it had 0 buys, and 5 selling transactions for $14.47 million activity. $700,052 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) was sold by Alderson Christopher D on Friday, December 8. Wiese Edward A sold $3.06M worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) on Wednesday, December 13. MORELAND KENNETH V also sold $839,833 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) on Tuesday, January 2.

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

Stock research analysts at the Credit Suisse equities division raised shares of T. Rowe Price Group (NASDAQ:TROW) from a Neutral to a Outperform 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 -3.36% below currents $120.94 stock price. T Rowe Price had 16 analyst reports since December 21, 2017 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, January 30 by Keefe Bruyette & Woods. The firm has “Hold” rating by Credit Suisse given on Thursday, April 5. Credit Suisse maintained the shares of TROW in report on Thursday, February 22 with “Neutral” rating. The firm earned “Neutral” rating on Thursday, April 26 by UBS. Citigroup maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) rating on Thursday, February 22. Citigroup has “Neutral” rating and $115 target. The firm has “Hold” rating by Deutsche Bank given on Tuesday, March 6. The firm has “Equal-Weight” rating given on Tuesday, February 13 by Morgan Stanley. The firm has “Hold” rating given on Tuesday, January 9 by UBS. The rating was upgraded by Bank of America to “Buy” on Monday, January 8. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods.

The stock increased 3.24% or $3.8 during the last trading session, reaching $120.94. About 786,011 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 EPS, up 35.16 % or $0.45 from last year’s $1.28 per share. TROW’s profit will be $418.90 million for 17.48 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 $29.28 billion. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It has a 19.49 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 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: Nasdaq.com and their article: “Research Report Identifies T. Rowe Price Group, Omeros, Old Dominion Freight Line, Dillard’s, BGC Partners, and …” published on April 19, 2018 as well as Streetinsider.com‘s news article titled: “UPDATE: Credit Suisse Upgrades T. Rowe Price (TROW) to Outperform” with publication date: May 16, 2018.

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

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