Will Investors Now Sell T. Rowe Price Group (NASDAQ:TROW) Stock Following Today’s, Deutsche Bank Downgrades?

September 8, 2018 - By Richard Slagle

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

Investors sentiment decreased to 0.7 in Q1 2018. Its down 0.30, from 1 in 2017Q4. It turned negative, as 43 investors sold T. Rowe Price Group, Inc. shares while 289 reduced holdings. 65 funds opened positions while 169 raised stakes. 169.45 million shares or 0.77% less from 170.77 million shares in 2017Q4 were reported.

Hendley & Com holds 3.53% in T. Rowe Price Group, Inc. (NASDAQ:TROW) or 61,836 shares. Moreover, Rothschild Investment Il has 0.08% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). Bancshares Of Nova Scotia holds 0.09% or 162,164 shares. State Of Tennessee Treasury Department has 0.1% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). Delta Asset Mgmt Llc Tn has invested 0.01% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Spectrum Mngmt Gru Inc Inc, Indiana-based fund reported 150 shares. Amundi Pioneer Asset has 0.12% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). Horizon Kinetics Llc holds 0.01% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 3,891 shares. Boston Common Asset Mngmt Limited Liability has invested 0.16% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Nuveen Asset Management Ltd Liability Co invested in 280,948 shares. Private Ocean Ltd Liability accumulated 233 shares. Pictet & Cie (Europe) Sa reported 0.1% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Tower Ltd Llc (Trc) holds 0% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW) for 44 shares. 7,140 are owned by Creative Planning. Mogy Joel R Inv Counsel Inc owns 22,600 shares.

Since May 30, 2018, it had 0 buys, and 6 insider sales for $18.37 million activity. $547,842 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) was sold by HRABOWSKI FREEMAN A III on Thursday, July 26. Robert W. Sharps sold $4.55M worth of stock or 36,000 shares. Alderson Christopher D sold $5.08M worth of stock. Another trade for 21,000 shares valued at $2.64 million was sold by Stromberg William J. Another trade for 40,000 shares valued at $4.95 million was sold by Wiese Edward A.

T. Rowe Price Group (NASDAQ:TROW) Receives a Downgrade

In analysts note issued to investors and clients today, Deutsche Bank cut shares of T. Rowe Price Group (NASDAQ:TROW) to a Hold rating from the previous Buy rating.

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

Among 8 analysts covering T. Rowe Price Group (NASDAQ:TROW), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. T. Rowe Price Group has $135 highest and $105 lowest target. $122’s average target is 13.25% above currents $107.73 stock price. T. Rowe Price Group had 13 analyst reports since April 6, 2018 according to SRatingsIntel. Credit Suisse maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) on Thursday, April 5 with “Hold” rating. Wells Fargo maintained it with “Market Perform” rating and $124 target in Friday, July 13 report. On Thursday, April 26 the stock rating was maintained by UBS with “Neutral”. Jefferies maintained it with “Buy” rating and $12500 target in Wednesday, April 11 report. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) earned “Neutral” rating by UBS on Thursday, May 24. On Monday, April 23 the stock rating was maintained by Barclays Capital with “Underweight”. As per Wednesday, May 16, the company rating was upgraded by Deutsche Bank. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) earned “Buy” rating by Deutsche Bank on Thursday, August 16. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, April 10. The rating was downgraded by Deutsche Bank to “Hold” on Friday, September 7.

The stock decreased 4.88% or $5.53 during the last trading session, reaching $107.73. About 2.69 million shares traded or 145.85% up from the average. T. Rowe Price Group, Inc. (NASDAQ:TROW) has risen 74.25% since September 8, 2017 and is uptrending. It has outperformed by 61.68% the S&P500.

Analysts await T. Rowe Price Group, Inc. (NASDAQ:TROW) to report earnings on October, 25. They expect $1.85 earnings per share, up 27.59 % or $0.40 from last year’s $1.45 per share. TROW’s profit will be $449.90M for 14.56 P/E if the $1.85 EPS becomes a reality. After $1.87 actual earnings per share reported by T. Rowe Price Group, Inc. for the previous quarter, Wall Street now forecasts -1.07 % negative EPS growth.

T. Rowe Price Group, Inc. is a publicly owned investment manager. The company has market cap of $26.20 billion. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It has a 16.61 P/E ratio. It launches and manages equity and fixed income mutual funds.

More important recent T. Rowe Price Group, Inc. (NASDAQ:TROW) news were published by: 247Wallst.com which released: “Friday’s Biggest Winners and Losers in the S&P 500” on September 07, 2018, also Bizjournals.com published article titled: “The top Baltimore-area performers during the stock market’s longest bull run”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For September 7, 2018” on September 07, 2018. More interesting news about T. Rowe Price Group, Inc. (NASDAQ:TROW) was released by: Seekingalpha.com and their article: “T. Rowe falls premarket after downgrade by Deutsche Bank” with publication date: September 07, 2018.

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

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