T. Rowe Price Group (NASDAQ:TROW): 9 analysts have set the short term price target of T. Rowe Price Group (NASDAQ:TROW) at $80.89. The standard deviation of short term price target has been estimated at $6.53, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 95 and $74 respectively.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, JP Morgan maintains its rating on T. Rowe Price Group (NASDAQ:TROW).The analysts at the brokerage house have a current rating of Underweight on the shares. In a recent information released to the investors, JP Morgan raises the new price target from $71 per share to $74 per share. The rating by the firm was issued on April 7, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Kennedy James A C, director of Price T Rowe Group Inc, had unloaded 50,000 shares at an average price of $77.75 in a transaction dated on April 27, 2016. The total value of the transaction was worth $3,887,500.
T. Rowe Price Group (NASDAQ:TROW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.11 points or 1.52% at $71.72 with 1,348,102 shares getting traded. Post opening the session at $72.18, the shares hit an intraday low of $71.68 and an intraday high of $72.66 and the price was in this range throughout the day. The company has a market cap of $17,801 million and the number of outstanding shares have been calculated to be 248,203,140 shares. The 52-week high of T. Rowe Price Group (NASDAQ:TROW) is $79.96 and the 52-week low is $63.57.
T. Rowe Price Group, Inc. is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. Its assets under management are accumulated from a client base across four primary distribution channels: third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors globally. The assets that it manages include a range of the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. It offers advisory services and a distribution management service. It provides administrative services as ancillary services to its investment advisory clients.