KBW Keeps a Hold Rating on T Rowe Price

By Austin Angelo

In a report issued on August 27, Robert Lee from KBW reiterated a Hold rating on T Rowe Price (NASDAQ: TROW), with a price target of $86. The company’s shares opened today at $83.50, close to its 52-week high of $85.42.

According to TipRanks.com, Lee is a 5-star analyst with an average return of 8.0% and a 69.0% success rate. Lee covers the Financial sector, focusing on stocks such as Apollo Global Management LLC, Oaktree Capital Group Llc, and Janus Henderson Group plc.

T Rowe Price has an analyst consensus of Moderate Buy, with a price target consensus of $92.67.

Based on T Rowe Price’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.2 billion and quarterly net profit of $365 million. In comparison, last year the company earned revenue of $1.05 billion and had a net profit of $192 million.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock.

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T. Rowe Price Group, Inc. is a financial services holding company, which engages in the provision of investment advisory services.