T. Rowe Price Group Inc (NASDAQ:TROW) a Hold: Citigroup

In a research note issued to investors, William Katz at Citigroup Reiterated their Hold rating on T. Rowe Price Group Inc (NASDAQ:TROW). In the year following Katz’s ratings, the stocks covered yield an average return of 8.60% according to TipRanks.com. In the past year 52 out of 74 recommendations or 70% were successful.

Rowe Price Group Inc (NASDAQ:TROW) shares opened the most recent trading session at 83.35 and at the time of writing the last Bid was at 83.87. In the current trading session the stock reached as high as 83.95 and dipped down to 83.2901. T. Rowe Price Gro, a NasdaqNM listed company, has a current market cap of 21.870B and on average over the past 3 months has seen 1367570 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 82.0332. Based on a recent trade, this puts the equity at +2.25% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -5.37% away from it’s 52-week high of 88.64 and +16.86% away from the stock’s low point over the past 52 weeks, which was 71.78. On a consensus basis, analysts have a one year target price of 86.76. The company last reported earnings per share of 4.55.

The consensus analyst estimates according to First Call for the next quarter is 1.20. The current year EPS estimate on the stock is 4.85 and the EPS estimate for next year sits at 5.38. In looking at the fundamentals, TROW has a P/E ratio of 18.47 and a price to book ratio of 4.07. The company’s Book Value is 20.663 and most recently reported EBITDA of 2.003B. The price compared to next year’s EPS estimate in the current year is 15.62.

Company Profile

Rowe Price Group Inc (TROW) is a financial services holding company, which provides global investment management services through its subsidiaries to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios, including separately managed accounts, sub-advised funds, and other sponsored investment funds offered to investors outside the United States and through variable annuity life insurance plans in the United States. The Company derives revenue from investment advisory services provided by its subsidiaries, such as T. Rowe Price Associates, Inc. and T. Rowe Price International Ltd. Its revenues depend on the total value and composition of assets under its management. Its assets under management are accumulated from a client base across four distribution channels. Effective August 20, 2013, T Rowe Price Group Inc acquired an undisclosed interest in GrubHub Inc, a provider of online food delivery services.