T. Rowe Price Group (NASDAQ:TROW - Get Free Report) is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Friday, August 1st. Analysts expect the company to announce earnings of $1.99 per share and revenue of $1.72 billion for the quarter.
T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.13 by $0.10. T. Rowe Price Group had a net margin of 28.38% and a return on equity of 20.17%. The firm had revenue of $1.76 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same period last year, the firm earned $2.38 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. On average, analysts expect T. Rowe Price Group to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
T. Rowe Price Group Stock Down 0.6%
TROW stock traded down $0.63 during midday trading on Friday, reaching $106.93. The company's stock had a trading volume of 1,380,272 shares, compared to its average volume of 1,641,296. T. Rowe Price Group has a 52 week low of $77.85 and a 52 week high of $125.81. The stock has a market cap of $23.56 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 3.20 and a beta of 1.49. The business's 50-day simple moving average is $97.54 and its 200-day simple moving average is $98.67.
T. Rowe Price Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $1.27 per share. The ex-dividend date was Friday, June 13th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.75%. T. Rowe Price Group's dividend payout ratio is 57.60%.
Insider Activity
In related news, VP Dorothy C. Sawyer sold 2,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $95.43, for a total transaction of $190,860.00. Following the completion of the sale, the vice president owned 44,789 shares in the company, valued at approximately $4,274,214.27. This trade represents a 4.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jessica M. Hiebler sold 968 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $96.98, for a total transaction of $93,876.64. Following the sale, the insider owned 13,611 shares of the company's stock, valued at $1,319,994.78. This trade represents a 6.64% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.
Hedge Funds Weigh In On T. Rowe Price Group
A hedge fund recently raised its stake in T. Rowe Price Group stock. Woodline Partners LP increased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 41.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,809 shares of the asset manager's stock after acquiring an additional 5,467 shares during the quarter. Woodline Partners LP's holdings in T. Rowe Price Group were worth $1,728,000 at the end of the most recent quarter. Institutional investors own 73.39% of the company's stock.
Wall Street Analyst Weigh In
TROW has been the topic of a number of research analyst reports. Bank of America dropped their price objective on shares of T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating on the stock in a report on Thursday, April 3rd. Citigroup dropped their price objective on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lifted their price target on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. TD Cowen lowered their price target on shares of T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Morgan Stanley lifted their price target on shares of T. Rowe Price Group from $95.00 to $104.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Four investment analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $96.64.
Read Our Latest Report on TROW
About T. Rowe Price Group
(
Get Free Report)
T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.
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