In today’s session T. Rowe Price Group Inc (TROW) registered an unusually high (200) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious TROW increase. With 200 contracts traded and 16774 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: TROW161021C00070000 closed last at: $0.3 or 50% up. About 734,818 shares traded hands. T. Rowe Price Group Inc (NASDAQ:TROW) has declined 7.20% since March 8, 2016 and is downtrending. It has underperformed by 16.51% the S&P500.
Analysts await T. Rowe Price Group Inc (NASDAQ:TROW) to report earnings on October, 27. They expect $1.16 EPS, up 9.43% or $0.10 from last year’s $1.06 per share. TROW’s profit will be $289.25 million for 14.19 P/E if the $1.16 EPS becomes a reality. After $1.15 actual EPS reported by T. Rowe Price Group Inc for the previous quarter, Wall Street now forecasts 0.87% EPS growth.
T. Rowe Price Group Inc (NASDAQ:TROW) Ratings Coverage
Out of 10 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 2 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 20% are positive. $87 is the highest target while $65 is the lowest. The $75.33 average target is 14.40% above today’s ($65.85) stock price. T. Rowe Price Group Inc has been the topic of 44 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Tuesday, August 9, the company rating was maintained by Barclays Capital. The company was downgraded on Tuesday, March 15 by Bank of America. Deutsche Bank maintained the shares of TROW in a report on Monday, August 17 with “Buy” rating. The stock of T. Rowe Price Group Inc (NASDAQ:TROW) has “Buy” rating given on Friday, January 29 by Argus Research. Barclays Capital maintained T. Rowe Price Group Inc (NASDAQ:TROW) rating on Tuesday, April 5. Barclays Capital has “Equal-Weight” rating and $75 price target. On Wednesday, August 24 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Susquehanna maintained the shares of TROW in a report on Thursday, September 3 with “Positive” rating. The company was maintained on Thursday, June 16 by Deutsche Bank. On Friday, October 23 the stock rating was maintained by Deutsche Bank with “Buy”. RBC Capital Markets maintained T. Rowe Price Group Inc (NASDAQ:TROW) rating on Friday, October 23. RBC Capital Markets has “Sector Perform” rating and $79 price target.
According to Zacks Investment Research, “T. Rowe Price Associates, Inc. is an investment adviser to individual and institutional investors in the sponsored T. Rowe Price Mutual Funds and other investment portfolios, including those of defined benefit and defined contribution retirement plans, trusts, and other mutual funds, some of which hold the assets of variable annuity insurance contracts.”
Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.08, from 1.05 in 2016Q1. The ratio dived, as 50 funds sold all T. Rowe Price Group Inc shares owned while 236 reduced positions. 48 funds bought stakes while 230 increased positions. They now own 169.28 million shares or 2.44% less from 173.52 million shares in 2016Q1.
Central Savings Bank And owns 61,505 shares or 1.29% of their US portfolio. Oppenheimer And Co Incorporated has invested 0.04% of its portfolio in T. Rowe Price Group Inc (NASDAQ:TROW). Neuberger Berman Ltd Llc holds 25,356 shares or 0% of its portfolio. Toronto Dominion Retail Bank reported 3,359 shares or 0% of all its holdings. Middleton Comm Ma has invested 0.21% of its portfolio in T. Rowe Price Group Inc (NASDAQ:TROW). Moreover, Barclays Public Ltd Llc has 0.02% invested in T. Rowe Price Group Inc (NASDAQ:TROW) for 162,334 shares. Horan Cap Advsr Limited Liability Com has 31,171 shares for 1.85% of their US portfolio. Cetera Advsr Limited Liability reported 3,431 shares or 0.02% of all its holdings. The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.05% in T. Rowe Price Group Inc (NASDAQ:TROW). Paradigm Asset Mgmt Ltd, a New York-based fund reported 33,628 shares. The New York-based Strategic Advisors Limited Liability Company has invested 0.37% in T. Rowe Price Group Inc (NASDAQ:TROW). Bancorpsouth last reported 4,074 shares in the company. Kistler reported 121 shares or 0% of all its holdings. Mercer Cap Advisers accumulated 2,200 shares or 0.13% of the stock. New York State Common Retirement Fund has 1.23 million shares for 0.13% of their US portfolio.
Insider Transactions: Since April 27, 2016, the stock had 0 buys, and 1 sale for $3.89 million net activity. KENNEDY JAMES A C had sold 50,000 shares worth $3.89M.
T. Rowe Price Group, Inc. is a financial services holding company. The company has a market cap of $16.42 billion. The Firm provides global investment management services to individual and institutional investors in the sponsored T. It has a 15.91 P/E ratio. Rowe Price mutual funds distributed in the United States and other investment portfolios.
TROW Company Profile
T. Rowe Price Group, Inc., incorporated on February 4, 2000, is a financial services holding company. The Firm provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. The Firm operates through investment advisory business segment. The Company’s assets under management are accumulated from a client base across over four primary distribution channels, including third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual the United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors across the globe. 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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