Analysts at Credit Suisse Give T Rowe Price (NASDAQ:TROW) an Upgrade

May 16, 2018 - By Donald McKee

T. Rowe Price Group, Inc. (NASDAQ:TROW) Logo

Investors sentiment increased to 1 in Q4 2017. Its up 0.09, from 0.91 in 2017Q3. It improved, as 40 investors sold T. Rowe Price Group, Inc. shares while 253 reduced holdings. 95 funds opened positions while 197 raised stakes. 170.77 million shares or 0.35% less from 171.36 million shares in 2017Q3 were reported.

Blair William Il holds 43,747 shares. Utah Retirement stated it has 43,822 shares or 0.1% of all its holdings. First Republic Inv Mngmt holds 0.1% in T. Rowe Price Group, Inc. (NASDAQ:TROW) or 151,636 shares. Moreover, Hanseatic Svcs has 0.06% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 561 shares. Andra Ap has 0.09% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). Boltwood Capital Mgmt holds 0.23% or 3,600 shares in its portfolio. Guinness Asset Mgmt Ltd reported 3,675 shares. Univest Corporation Of Pennsylvania reported 50,432 shares or 2.13% of all its holdings. State Teachers Retirement Systems has 356,112 shares. Gamco Et Al invested in 0.11% or 172,090 shares. Sprucegrove Inv Mngmt Limited holds 205,500 shares. Neuberger Berman Gp Lc accumulated 9,397 shares. California State Teachers Retirement holds 0.1% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 447,138 shares. Shell Asset accumulated 13,263 shares or 0.03% of the stock. Perigon Wealth Lc invested 0.03% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW).

Since December 8, 2017, it had 0 buys, and 5 sales for $14.47 million activity. Wiese Edward A had sold 30,000 shares worth $3.06M on Wednesday, December 13. On Tuesday, January 2 MORELAND KENNETH V sold $839,833 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) or 8,066 shares. $406,356 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) shares were sold by HRABOWSKI FREEMAN A III.

T Rowe Price (NASDAQ:TROW) Stock Upgrade

T Rowe Price (NASDAQ:TROW) Shares were upped by equity analysts at Credit Suisse to a solid Buy rating in a research report revealed on Wednesday, 16 May.

T. Rowe Price Group, Inc. (NASDAQ:TROW) Ratings Coverage

Among 9 analysts covering T Rowe Price (NASDAQ:TROW), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. T Rowe Price has $128.0 highest and $105 lowest target. $116.88’s average target is -3.20% below currents $120.75 stock price. T Rowe Price had 16 analyst reports since December 21, 2017 according to SRatingsIntel. As per Monday, January 8, the company rating was upgraded by Bank of America. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, January 30. The stock has “Hold” rating by Deutsche Bank on Friday, April 6. Morgan Stanley maintained the stock with “Equal-Weight” rating in Tuesday, February 13 report. The rating was maintained by Jefferies with “Buy” on Wednesday, April 11. The firm has “Underweight” rating by Barclays Capital given on Monday, April 23. As per Tuesday, March 6, the company rating was maintained by Deutsche Bank. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, February 22. The rating was maintained by Credit Suisse with “Neutral” on Thursday, February 22. The stock has “Neutral” rating by UBS on Thursday, April 26.

The stock increased 3.08% or $3.61 during the last trading session, reaching $120.75. About 1.65M shares traded or 4.47% up from the average. T. Rowe Price Group, Inc. (NASDAQ:TROW) has risen 56.88% since May 16, 2017 and is uptrending. It has outperformed by 45.33% the S&P500.

Analysts await T. Rowe Price Group, Inc. (NASDAQ:TROW) to report earnings on July, 24. They expect $1.73 EPS, up 35.16 % or $0.45 from last year’s $1.28 per share. TROW’s profit will be $418.90M for 17.45 P/E if the $1.73 EPS becomes a reality. After $1.74 actual EPS reported by T. Rowe Price Group, Inc. for the previous quarter, Wall Street now forecasts -0.57 % negative EPS growth.

T. Rowe Price Group, Inc. is a publicly owned investment manager. The company has market cap of $29.24 billion. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It has a 19.46 P/E ratio. It launches and manages equity and fixed income mutual funds.

More notable recent T. Rowe Price Group, Inc. (NASDAQ:TROW) news were published by: Streetinsider.com which released: “Deutsche Bank Upgrades T. Rowe Price (TROW) to Buy” on May 16, 2018, also Seekingalpha.com with their article: “Venture Capital Deals Of The Week: E-Trade Competitor Hits $5.6B Valuation” published on May 12, 2018, Streetinsider.com published: “UPDATE: Credit Suisse Upgrades T. Rowe Price (TROW) to Outperform” on May 16, 2018. More interesting news about T. Rowe Price Group, Inc. (NASDAQ:TROW) were released by: Seekingalpha.com and their article: “Bloomberg: T. Rowe Price, JPMorgan cut Apple stakes before stock rallies” published on May 15, 2018 as well as Nasdaq.com‘s news article titled: “Research Report Identifies T. Rowe Price Group, Omeros, Old Dominion Freight Line, Dillard’s, BGC Partners, and …” with publication date: April 19, 2018.

T. Rowe Price Group, Inc. (NASDAQ:TROW) Institutional Positions Chart

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