Credit Suisse Reaffirmed T. Rowe Price Group (TROW) As “Neutral”; Has Target Price per Share Of $123; Concurrent Computer (CCUR)’s Sentiment Is 0.5

February 22, 2018 - By Stephen Andrade

Among 15 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. T. Rowe Price Group Inc has $128.0 highest and $65 lowest target. $88.80’s average target is -20.46% below currents $111.64 stock price. T. Rowe Price Group Inc had 72 analyst reports since August 5, 2015 according to SRatingsIntel. On Wednesday, July 26 the stock rating was maintained by Citigroup with “Neutral”. As per Friday, March 17, the company rating was downgraded by Morgan Stanley. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) has “Buy” rating given on Monday, January 8 by Bank of America. UBS downgraded the stock to “Neutral” rating in Friday, October 2 report. The firm earned “Equal-Weight” rating on Thursday, October 5 by Morgan Stanley. The stock has “Hold” rating by Keefe Bruyette & Woods on Wednesday, July 5. On Friday, October 27 the stock rating was maintained by Barclays Capital with “Underweight”. Keefe Bruyette & Woods maintained the shares of TROW in report on Sunday, August 27 with “Hold” rating. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) earned “Neutral” rating by Citigroup on Friday, October 27.

Concurrent Computer Corporation, a software and solutions company, develops applications focused on storing, protecting, transforming, and delivering media assets in the United States, Canada, Japan, other Asia-Pacific, Europe, and South America. The company has market cap of $53.85 million. The Company’s content delivery solutions consist of software, hardware, and services for intelligently streaming video content to consumer devices; and storing and managing content in the network. It has a 1.01 P/E ratio. The firm offers streaming video and storage services and products that are deployed by service providers to support consumer-facing video applications, including live broadcast video and video-on-demand, as well as time-shifted video services, such as cloud digital video recording.

Bard Associates Inc holds 0.57% of its portfolio in CCUR Holdings, Inc. for 202,519 shares. Perritt Capital Management Inc owns 70,000 shares or 0.11% of their US portfolio. Moreover, Foundry Partners Llc has 0.06% invested in the company for 241,365 shares. The Texas-based Bridgeway Capital Management Inc has invested 0.01% in the stock. Rbf Capital Llc, a California-based fund reported 18,035 shares.

The stock increased 0.93% or $0.05 during the last trading session, reaching $5.45. About 1,167 shares traded. CCUR Holdings, Inc. (CCUR) has risen 9.06% since February 22, 2017 and is uptrending. It has underperformed by 7.64% the S&P500.

Since January 1, 0001, it had 16 buys, and 0 sales for $3.56 million activity.

Analysts await T. Rowe Price Group, Inc. (NASDAQ:TROW) to report earnings on April, 24. They expect $1.63 EPS, up 38.14% or $0.45 from last year’s $1.18 per share. TROW’s profit will be $398.45M for 17.12 P/E if the $1.63 EPS becomes a reality. After $1.52 actual EPS reported by T. Rowe Price Group, Inc. for the previous quarter, Wall Street now forecasts 7.24% EPS growth.

T. Rowe Price Group, Inc. is a publicly owned investment manager. The company has market cap of $27.29 billion. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It has a 18.7 P/E ratio. It launches and manages equity and fixed income mutual funds.

Since August 31, 2017, it had 0 buys, and 8 selling transactions for $16.11 million activity. HRABOWSKI FREEMAN A III sold $406,356 worth of stock. The insider WHITTEMORE ANNE M sold $377,321. $9.46 million worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) shares were sold by Alderson Christopher D. Shares for $84,292 were sold by Hiebler Jessica M. $839,833 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) shares were sold by MORELAND KENNETH V. The insider Wiese Edward A sold 30,000 shares worth $3.06 million.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.02, from 0.93 in 2017Q2. It worsened, as 48 investors sold T. Rowe Price Group, Inc. shares while 247 reduced holdings. 84 funds opened positions while 185 raised stakes. 171.36 million shares or 2.33% less from 175.45 million shares in 2017Q2 were reported. Parsec Mngmt Inc holds 11,779 shares. The New York-based Van Eck Associates has invested 0.1% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Moreover, Eaton Vance Mgmt has 0.14% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). Kennedy Mngmt has invested 0.09% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Df Dent And Inc owns 142,264 shares or 0.33% of their US portfolio. 116,610 were accumulated by Retirement Of Alabama. 79,495 were accumulated by Pennsylvania Tru. Hartford Investment accumulated 0.15% or 87,971 shares. New York-based Griffin Asset has invested 0.25% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Keybank Natl Association Oh has 334,455 shares. Sterling Cap Management Ltd Liability Com accumulated 719,691 shares. Davis R M Inc has 227,396 shares. Adage Prtnrs Group Ltd Com accumulated 243,430 shares or 0.05% of the stock. Aperio Limited Liability Company reported 90,967 shares. Bruni J V & owns 38,438 shares or 0.66% of their US portfolio.

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By1 Stephen Andrade

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