T. Rowe Price Group Stock Price, Forecast & Analysis (NASDAQ:TROW)

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

T. Rowe Price Group announced a quarterly dividend on Wednesday, October 30th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.76 per share on Monday, December 30th. This represents a $3.04 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, December 13th. View T. Rowe Price Group's Dividend History.

T. Rowe Price Group announced that its board has authorized a stock repurchase plan on Thursday, April 26th 2018, which permits the company to buyback 10,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) issued its earnings results on Thursday, October, 24th. The asset manager reported $2.13 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.98 by $0.15. The asset manager earned $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. T. Rowe Price Group had a return on equity of 28.84% and a net margin of 35.28%. The business's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.99 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, January 29th 2020. View Earnings Estimates for T. Rowe Price Group.

13 brokers have issued 12-month price targets for T. Rowe Price Group's stock. Their forecasts range from $93.00 to $135.00. On average, they anticipate T. Rowe Price Group's stock price to reach $110.08 in the next twelve months. This suggests that the stock has a possible downside of 9.0%. View Analyst Price Targets for T. Rowe Price Group.

13 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, 7 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 articles about TROW stock have been trending very negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. T. Rowe Price Group earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media headlines about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View News Stories for T. Rowe Price Group.

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

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

T. Rowe Price Group's stock is owned by many different of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.43%), Provident Trust Co. (0.81%), First Trust Advisors LP (0.49%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), PGGM Investments (0.23%) and California Public Employees Retirement System (0.23%). Company insiders that own T. Rowe Price Group stock include Christopher D Alderson, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Kenneth V Moreland, 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 SG Americas Securities LLC, OLD Republic International Corp, Massachusetts Financial Services Co. MA, Gamco Investors INC. ET AL, RPG Investment Advisory LLC, CWM LLC, State of Alaska Department of Revenue and Check Capital Management Inc. CA. Company insiders that have sold T. Rowe Price Group company stock in the last year include Christopher D Alderson, Edward C Bernard, 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 First Trust Advisors LP, Strs Ohio, PGGM Investments, Manchester Capital Management LLC, Origin Asset Management LLP, Provident Trust Co., Artemis Investment Management LLP and Russell Investments Group Ltd.. 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 $121.03.

T. Rowe Price Group has a market capitalization of $28.28 billion and generates $5.37 billion in revenue each year. The asset manager earns $1.84 billion in net income (profit) each year or $7.15 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.