T. Rowe Price Group Price Target Cut to $83.00 by Analysts at Credit Suisse (TROW)

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Equities research analysts at Credit Suisse reduced their price objective on shares of T. Rowe Price Group (NASDAQ:TROW) from $84.00 to $83.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. Credit Suisse’s target price points to a potential upside of 4.09% from the company’s current price.

TROW has been the subject of a number of other recent research reports. Analysts at Deutsche Bank initiated coverage on shares of T. Rowe Price Group in a research note on Friday. They set a “buy” rating and a $93.00 price target on the stock. Separately, analysts at Susquehanna raised their price target on shares of T. Rowe Price Group from $82.00 to $85.00 in a research note on Tuesday, May 6th. They now have a “neutral” rating on the stock. Finally, analysts at Argus raised their price target on shares of T. Rowe Price Group from $84.00 to $90.00 in a research note on Monday, April 28th. They now have a “buy” rating on the stock. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $87.61.

Shares of T. Rowe Price Group (NASDAQ:TROW) traded up 0.90% during mid-day trading on Friday, hitting $79.74. The stock had a trading volume of 1,881,340 shares. T. Rowe Price Group has a 52-week low of $69.90 and a 52-week high of $84.73. The stock has a 50-day moving average of $80.90 and a 200-day moving average of $80.65. The company has a market cap of $20.950 billion and a P/E ratio of 19.23.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.05 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.03 by $0.02. The company had revenue of $954.60 million for the quarter, compared to the consensus estimate of $948.36 million. During the same quarter last year, the company posted $0.91 earnings per share. T. Rowe Price Group’s revenue was up 17.0% compared to the same quarter last year. On average, analysts predict that T. Rowe Price Group will post $4.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, June 11th.

T. Rowe Price Group, Inc is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T.

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