T Rowe Price (TROW) Receives a Sell from J.P. Morgan

In a report released yesterday, Ken Worthington from J.P. Morgan maintained a Sell rating on T Rowe Price (TROWResearch Report), with a price target of $117.00. The company’s shares closed last Friday at $123.04, close to its 52-week low of $122.64.

According to, Worthington is a 3-star analyst with an average return of 2.4% and a 51.2% success rate. Worthington covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Intercontinental Exchange, and Bridge Investment Group.

T Rowe Price has an analyst consensus of Hold, with a price target consensus of $139.44, which is a 9.0% upside from current levels. In a report released yesterday, Citigroup also maintained a Sell rating on the stock with a $90.00 price target.

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Based on T Rowe Price’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.96 billion and net profit of $741 million. In comparison, last year the company earned revenue of $1.73 billion and had a net profit of $783 million.

Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TROW in relation to earlier this year. Last month, William Stromberg, the Non-Executive COB of TROW bought 1,254 shares for a total of $99,956.

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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.

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