NASDAQ:TROW - T. Rowe Price Group Stock Price, Forecast & News

T. Rowe Price Group trades on the NASDAQ under the ticker symbol "TROW."

T. Rowe Price Group declared a quarterly dividend on Wednesday, February 12th. Stockholders of record on Monday, March 16th will be given a dividend of $0.90 per share on Monday, March 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from T. Rowe Price Group's previous quarterly dividend of $0.76. View T. Rowe Price Group's Dividend History.

T. Rowe Price Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, April 26th 2018, which allows the company to buyback 10,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its stock is undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) announced its quarterly earnings results on Wednesday, January, 29th. The asset manager reported $2.03 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.95 by $0.08. The asset manager earned $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. T. Rowe Price Group had a net margin of 37.69% and a return on equity of 29.45%. The company's quarterly revenue was up 15.4% on a year-over-year basis. During the same period last year, the company posted $1.54 earnings per share. View T. Rowe Price Group's Earnings History.

T. Rowe Price Group is scheduled to release their next quarterly earnings announcement on Wednesday, April 22nd 2020. View Earnings Estimates for T. Rowe Price Group.

11 equities research analysts have issued 12 month price objectives for T. Rowe Price Group's shares. Their forecasts range from $95.00 to $152.00. On average, they anticipate T. Rowe Price Group's stock price to reach $128.30 in the next year. This suggests that the stock has a possible downside of 6.8%. View Analyst Price Targets for T. Rowe Price Group.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 1 sell rating, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for T. Rowe Price Group.

News coverage about TROW stock has trended extremely negative recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. T. Rowe Price Group earned a daily sentiment score of -4.3 on InfoTrie's scale. They also gave news coverage about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for T. Rowe Price Group.

T. Rowe Price Group saw a decrease in short interest in the month of January. As of January 15th, there was short interest totalling 5,760,000 shares, a decrease of 9.3% from the December 31st total of 6,350,000 shares. Based on an average daily trading volume, of 871,400 shares, the days-to-cover ratio is currently 6.6 days. Currently, 2.5% of the company's stock are sold short. View T. Rowe Price Group's Current Options Chain.

Some companies that are related to T. Rowe Price Group include BlackRock (BLK), Bank of New York Mellon (BK), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Legg Mason (LM), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Main Street Capital (MAIN).

Based on aggregate information from My MarketBeat watchlists, some companies that other T. Rowe Price Group investors own include AT&T (T), Johnson & Johnson (JNJ), Exxon Mobil (XOM), PepsiCo (PEP), Mcdonald's (MCD), Procter & Gamble (PG), AbbVie (ABBV), Home Depot (HD), Cisco Systems (CSCO) and Verizon Communications (VZ).

T. Rowe Price Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (5.60%), Capital World Investors (1.78%), Massachusetts Financial Services Co. MA (1.40%), Goldman Sachs Group Inc. (0.89%), Provident Trust Co. (0.87%) and Bank of New York Mellon Corp (0.85%). Company insiders that own T. Rowe Price Group stock include Christopher D Alderson, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Robert F Maclellan, Scott B David, Sebastien Page, W Sharps Robert and William J Stromberg. View Institutional Ownership Trends for T. Rowe Price Group.

TROW stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, Goldman Sachs Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Janus Henderson Group PLC, TD Asset Management Inc., Barometer Capital Management Inc. and PGGM Investments. Company insiders that have sold T. Rowe Price Group company stock in the last year include Christopher D Alderson, Edward C Bernard, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Scott B David, Sebastien Page and W Sharps Robert. View Insider Buying and Selling for T. Rowe Price Group.

TROW stock was acquired by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Johanson Financial Advisors Inc., Thrivent Financial for Lutherans, Pinebridge Investments L.P., Credit Suisse AG, Amundi Pioneer Asset Management Inc., Assenagon Asset Management S.A. and Panagora Asset Management Inc.. View Insider Buying and Selling for T. Rowe Price Group.

Shares of TROW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of TROW stock can currently be purchased for approximately $137.73.

T. Rowe Price Group has a market capitalization of $32.51 billion and generates $5.62 billion in revenue each year. The asset manager earns $2.13 billion in net income (profit) each year or $8.07 on an earnings per share basis. T. Rowe Price Group employs 7,022 workers across the globe.View Additional Information About T. Rowe Price Group.

The official website for T. Rowe Price Group is http://www.troweprice.com/.

T. Rowe Price Group's mailing address is 100 EAST PRATT STREET, BALTIMORE MD, 21202. The asset manager can be reached via phone at 410-345-2000.