Morgan Stanley Has Lowered Expectations for T. Rowe Price Group (NASDAQ:TROW) Stock Price

T. Rowe Price Group (NASDAQ:TROW) had its price target cut by investment analysts at Morgan Stanley from $126.00 to $121.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the asset manager’s stock. Morgan Stanley’s price target points to a potential upside of 13.86% from the company’s current price.

TROW has been the subject of a number of other reports. StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Sunday, February 2nd. Wells Fargo & Company cut their price objective on shares of T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Finally, Barclays lowered their price objective on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research note on Thursday, February 6th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, T. Rowe Price Group has an average rating of “Hold” and an average price target of $114.09.

T. Rowe Price Group Price Performance

Shares of NASDAQ TROW opened at $106.27 on Monday. The business has a fifty day moving average price of $112.79 and a 200 day moving average price of $112.42. T. Rowe Price Group has a 1-year low of $100.49 and a 1-year high of $125.81. The stock has a market capitalization of $23.66 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.86 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same quarter in the previous year, the firm posted $1.72 EPS. As a group, equities research analysts anticipate that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

Insider Activity at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the transaction, the vice president now owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Arif Husain sold 4,112 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the sale, the vice president now directly owns 36,800 shares in the company, valued at approximately $4,021,136. The trade was a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Institutional Trading of T. Rowe Price Group

Several institutional investors have recently bought and sold shares of TROW. Private Advisor Group LLC grew its stake in T. Rowe Price Group by 10.4% in the 3rd quarter. Private Advisor Group LLC now owns 12,060 shares of the asset manager’s stock valued at $1,314,000 after acquiring an additional 1,134 shares during the period. Ballentine Partners LLC purchased a new position in T. Rowe Price Group during the third quarter valued at $285,000. Insight Folios Inc grew its position in shares of T. Rowe Price Group by 3.6% in the third quarter. Insight Folios Inc now owns 2,612 shares of the asset manager’s stock valued at $285,000 after purchasing an additional 90 shares during the period. Smithbridge Asset Management Inc. DE increased its stake in shares of T. Rowe Price Group by 5.4% during the third quarter. Smithbridge Asset Management Inc. DE now owns 36,774 shares of the asset manager’s stock worth $4,006,000 after purchasing an additional 1,879 shares in the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in shares of T. Rowe Price Group by 4.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,834 shares of the asset manager’s stock worth $309,000 after purchasing an additional 121 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group Company Profile

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.