Morgan Stanley Maintains T. Rowe Price Group Inc to Equal-weight with Price Target $71.00

Brokerage firm Morgan Stanley Maintains its rating on T. Rowe Price Group Inc(NASDAQ:TROW). In a research note issued to the investors, the brokerage major Lowers the price-target to $71.00 per share. The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Jul 28, 2016.

In a different note, On Jul 27, 2016, Citigroup said it Maintains its rating on T. Rowe Price Group Inc. In the research note, the firm Lowers the price-target to $78.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 27, 2016, JP Morgan said it Maintains its rating on T. Rowe Price Group Inc. In the research note, the firm Lowers the price-target to $75.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 27, 2016, Keefe Bruyette & Woods said it Maintains its rating on T. Rowe Price Group Inc. In the research note, the firm Lowers the price-target to $81.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Jul 20, 2016, Deutsche Bank said it Downgrades its rating on T. Rowe Price Group Inc. In the research note, the firm Lowers the price-target to $79.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 16, 2016, Deutsche Bank said it Maintains its rating on T. Rowe Price Group Inc. In the research note, the firm Lowers the price-target to $86.00 per share. The shares have been rated ‘Buy’ by the firm.

T. Rowe Price Group Inc (TROW) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.07% at a volume of 10,19,373. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $69.55. The peak price level was also seen at $69.55 while the days lowest was $68.8. Finally the shares closed at $69.05. The 52-week high of the shares is $79 while the 52-week low is $63.57. According to the latest information available, the market cap of the company is $17,163 M.

T. Rowe Price Group Inc(TROW) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.04B. Analysts had an estimated revenue of $1.03B. Earnings per share were $1.15. Analysts had estimated an EPS of $0.81.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, James A C Kennedy (director) sold 50,000 shares at $77.75 per share price.Also, On Mar 7, 2016, Donald B Jr Hebb (director) sold 4,163 shares at $72.63 per share price.On Mar 1, 2016, Anne M Whittemore (director) sold 8,326 shares at $69.28 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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