Revenue Update on T. Rowe Price Group Inc(NASDAQ:TROW)

T. Rowe Price Group Inc(NASDAQ:TROW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $1.04B. Analysts estimated a revenue of $1.03B. Earnings per share were $1.15. Analysts had estimated an EPS of $0.81.

In a different note, 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) made into the market gainers list on Fridays trading session with the shares advancing 0.35% or 0.25 points. Due to strong positive momentum, the stock ended at $70.69, which is also near the day’s high of $70.95. The stock began the session at $70.2 and the volume stood at 23,57,130 shares. The 52-week high of the shares is $79 and the 52 week low is $63.57. The company has a current market capitalization of $17,570 M and it has 24,85,52,150 shares in outstanding.

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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