T Rowe Price (NASDAQ:TROW) Falls into Favor With Deutsche Bank As They Decide to Upgrade Shares

May 16, 2018 - By Richard Conner

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.

Richard Bernstein Limited Liability invested 0.35% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Spectrum Mngmt Grp Inc holds 0.01% or 150 shares. Guyasuta Inv Advsrs Inc has invested 0.09% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Metropolitan Life Insurance Co New York reported 38,321 shares or 0.05% of all its holdings. Kopp Inv Advsrs Ltd Limited Liability Company has invested 0.81% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Walleye Trading Ltd Liability Company holds 0% in T. Rowe Price Group, Inc. (NASDAQ:TROW) or 8,242 shares. Fulton Fincl Bank Na holds 0.02% or 2,306 shares in its portfolio. Gam Hldgs Ag reported 0.01% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Junto Mngmt Limited Partnership holds 4.26% or 530,877 shares. Parallax Volatility Advisers Lp stated it has 6,246 shares. Renaissance Group Inc owns 337,006 shares or 1.19% of their US portfolio. Gateway Invest Advisers Ltd Com reported 0.01% stake. Whittier Com Of Nevada stated it has 0.09% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). 105,408 are held by Denver Investment Ltd. Comerica Secs Incorporated, a Michigan-based fund reported 8,483 shares.

Since December 8, 2017, it had 0 insider buys, and 5 sales for $14.47 million activity. HRABOWSKI FREEMAN A III sold 4,000 shares worth $406,356. Shares for $3.06M were sold by Wiese Edward A on Wednesday, December 13. MORELAND KENNETH V sold $839,833 worth of stock.

T Rowe Price (NASDAQ:TROW) Stock Upgrade

In a research note released on 16 May, Deutsche Bank decided to upgrade shares of T Rowe Price (NASDAQ:TROW) to a Buy rating. The firm currently has a respectable $139.0000 PT on TROW shares.

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 firm earned “Hold” rating on Thursday, April 5 by Credit Suisse. The rating was upgraded by UBS on Tuesday, January 9 to “Hold”. The firm earned “Neutral” rating on Thursday, February 22 by Citigroup. On Tuesday, January 30 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. As per Tuesday, March 6, the company rating was maintained by Deutsche Bank. Jefferies maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) rating on Wednesday, January 10. Jefferies has “Buy” rating and $128.0 target. Keefe Bruyette & Woods maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) rating on Tuesday, April 10. Keefe Bruyette & Woods has “Hold” rating and $11800 target. Credit Suisse maintained the shares of TROW in report on Thursday, February 22 with “Neutral” rating. The rating was maintained by Morgan Stanley on Thursday, February 22 with “Equal-Weight”. The firm has “Hold” rating by Deutsche Bank given on Friday, April 6.

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: Seekingalpha.com which released: “Venture Capital Deals Of The Week: E-Trade Competitor Hits $5.6B Valuation” on May 12, 2018, also Nasdaq.com with their article: “Research Report Identifies T. Rowe Price Group, Omeros, Old Dominion Freight Line, Dillard’s, BGC Partners, and …” published on April 19, 2018, Streetinsider.com published: “Deutsche Bank Upgrades T. Rowe Price (TROW) to Buy” on May 16, 2018. More interesting news about T. Rowe Price Group, Inc. (NASDAQ:TROW) were released by: Seekingalpha.com and their article: “Bloomberg: T. Rowe Price, JPMorgan cut Apple stakes before stock rallies” published on May 15, 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

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

Dirt from the moon may damage the health of astronauts

Dirt from the moon may damage the health of astronauts

Orlando Souther

The new research made by scientists of School of Medicine from Stony Brook University, NY, states that dust at the moon kills lung cells in human body. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings ...

The biggest discovery of cloudless exoplanet thanks to sodium

The biggest discovery of cloudless exoplanet thanks to sodium

Kelly Oliver

Professor Nikolay Nikolov is from Exeter University in Britain. He and an international team of researchers, including Professor Jonathan J. Fortney from California University and Ernst de Moojis from Dublin University, has discovered cloudless atmosphere on exoplanet WASP-96b. Receive News & Ratings Via Email - Enter your email address below to receive ...

WASP-96b new planet outside the Solar System that has no clouds 

WASP-96b new planet outside the Solar System that has no clouds 

Edwin Martin

Exoplanet WASP-96b  is a gaseous giant with a temperature of one thousand degrees Celsius, similar to Saturn in mass, 20% larger than Jupiter and which transits a star similar to the Sun at 980 light years.  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 ...

Astronomers detect exoplanet with a cloud-free atmosphere

Astronomers detect exoplanet with a cloud-free atmosphere

Edwin Martin

This planet outside of our solar system is called WASP-96b, but scientists also call it ‘hot Saturn’. Space researchers discovered a giant exoplanet that emits a thin trail of gas covering up to five times its surface and in whose huge tail identified signs of helium. The news was published in the journal Nature. ...

Exoplanet WASP-96b does not have clouds like others

Exoplanet WASP-96b does not have clouds like others

Darrin Black

This exoplanet is also called as hot Saturn. And it does not have clouds in its atmosphere. Doctor Nikolay Nikolov and his team from Exeter University claim that they make an outstanding discovery, as it is the first exoplanet without clouds. Receive News & Ratings Via Email - Enter your email address ...

SuperCDMS dark matter detector receives 34 million dollars funding

SuperCDMS dark matter detector receives 34 million dollars funding

Edwin Martin

SLAC led SuperCDMS SNOLAB experiment, multi-institutional project, continues its dark matter hunting. It deepens into particles with the help of properties that were never accessible previously to researchers. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ...

Serena Aunon-Chancellor, grad of Poudre High School won ISS competition

Serena Aunon-Chancellor, grad of Poudre High School won ISS competition

Edwin Martin

Serena Aunon-Chancellor won her place at the International Space Station through the competition with 3 500 applicants. 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.

Spacecraft Galileo found unique environment on Jupiter’s huge moon Ganymede

Spacecraft Galileo found unique environment on Jupiter’s huge moon Ganymede

Edwin Martin

Ganymede, the largest moon of planet Jupiter became well-known for its own magnetic field since 1996, when astronomers made this discovery. Now, NASA’s own spacecraft Galileo which was sent in space to gather information on Jupiter have found evidence of the possible existence of big liquid ocean underneath the surface. Receive News ...

Australians spend 379 million dollars to save the Reef

Australians spend 379 million dollars to save the Reef

Edwin Martin

Great Barrier Reef is badly damaged by our own kind. Now Australian government plans to preserve it, and is willing to spend as much as it needs. Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings ...

Scientists debate over Mars protection

Scientists debate over Mars protection

Edwin Martin

Whether it is possible to protect Red Planet, from whom and why do we need to do this, discussed researchers Robert Zubrin, the head of Mars Society and space engineer and John Rummel, ex NASA officer on planetary protection. Receive News & Ratings Via Email - Enter your email address below to ...