In a report released yesterday, Michael Brown from KBW maintained a Sell rating on T Rowe Price (TROW – Research Report), with a price target of $106.00. The company’s shares closed yesterday at $109.99.
Brown covers the Financial sector, focusing on stocks such as KKR & Co, T Rowe Price, and WisdomTree. According to TipRanks, Brown has an average return of 16.9% and a 64.77% success rate on recommended stocks.
In addition to KBW, T Rowe Price also received a Sell from Wells Fargo’s Finian O’Shea in a report issued yesterday. However, on February 9, Deutsche Bank maintained a Hold rating on T Rowe Price (NASDAQ: TROW).
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TROW market cap is currently $23.76B and has a P/E ratio of 14.17.
Based on the recent corporate insider activity of 109 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TROW in relation to earlier this year. Earlier this month, Jessica Hiebler, the CAO of TROW sold 1,138.00 shares for a total of $121,902.56.
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T Rowe Price (TROW) Company Description:
Maryland-based T. Rowe Price Group, Inc. is a global investment management company that provides funds, advisory services, account management, and retirement plans and services. The company offers its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions.
Read More on TROW:
- T. Rowe Price price target raised to $107 from $102 at Deutsche Bank
- T. Rowe Price price target raised to $92 from $90 at TD Cowen
- T. Rowe Price price target raised to $108 from $105 at Wells Fargo
- T. Rowe Price price target raised to $114 from $106 at Morgan Stanley
- T Rowe Price Earnings Call: Annual Financial Performance Review
