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TROW

T. Rowe Price

$106.66

-0.33 (-0.31%)

08:35
06/12/19
06/12
08:35
06/12/19
08:35

T. Rowe Price reports preliminary AUM $1.07T at May 31

T. Rowe Price reported preliminary month-end assets under management of $1.07T as of May 31. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.3B in May and $2.7B for the quarter-to-date period ended May 31. This brings total client transfers for the year-to-date period ended May 31 to $8.8B.

TROW T. Rowe Price
$106.66

-0.33 (-0.31%)

01/14/19
SBSH
01/14/19
NO CHANGE
SBSH
Citi gets more defensive on Brokers & Asset Managers, downgrades five
Citi analyst Citi analyst William Katz is taking a more defense stance on the traditional Brokers & Asset Managers to reflect what he sees as "weak" fundamentals and "still elevated" consensus estimates. The analyst reduced his target multiples across the group and downgraded Affiliated Managers (AMG) and Brightsphere Investment Group (BSIG) to Neutral from Buy as well as Artisan Partners (APAM), Waddell & Reed (WDR) and Franklin Resources (BEN) to Sell from Neutral. Katz calls Och-Ziff Capital (OZM) and LPL Financial (LPLA) his top ideas and also opened a "30 Day Positive Catalyst Watch" for Carlyle Group (CG) and Legg Mason (LM). The analyst recommends pair trades of Overweight AllianceBernstein (AB), underweight Artisan Partners (APAM), and overweight BlackRock (BLK), underweight T. Rowe Price (TROW).
01/31/19
EVER
01/31/19
UPGRADE
EVER
Outperform
T. Rowe Price upgraded to Outperform from In Line at Evercore ISI
02/27/19
FBCO
02/27/19
NO CHANGE
Target $121
FBCO
Outperform
T. Rowe Price price target raised to $121 from $107 at Credit Suisse
Credit Suisse analyst Craig Siegenthaler raised his price target for T. Rowe Price to $121 from $107 after attending the company's 3rd Annual Investor Day. The analyst believes T. Rowe Price's investments in product, distribution and vehicles, when combined with its strong investment performance and attractively priced offerings, will all help the firm to continue to generate organic growth that is 300-400bps faster than peers. Additionally, Siegenthaler looks for expense growth to continue to decline as the pace of its investments decelerate with 4%-7% growth in 2019 comparing to 9% in 2018 and 12% in 2017. He reiterates an Outperform rating on the shares.
04/01/19
JEFF
04/01/19
NO CHANGE
Target $119
JEFF
Buy
T. Rowe Price price target raised to $119 from $103 at Jefferies
Jefferies analyst Daniel Fannon raised his price target for T. Rowe Price to $119 from $103 and keeps a Buy rating on the shares after spending time with management. With normal seasonality as a tailwind, T. Rowe appears on track to generate industry leading organic growth in Q1, Fannon tells investors in a research note. The company's "differentiated investment performance across all relevant time periods continues to distinguish it from the peer group," adds the analyst.

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