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 announced a quarterly dividend on Wednesday, October 30th. Investors 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 annualized dividend and a yield of 2.44%. 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 share buyback program 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 programs are usually an indication that the company's board believes its shares are undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) posted its quarterly earnings results on Thursday, October, 24th. The asset manager reported $2.13 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.98 by $0.15. The asset manager had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. T. Rowe Price Group had a net margin of 35.28% and a return on equity of 28.84%. The firm's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.99 EPS. 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 Wall Street analysts have issued twelve-month price targets for T. Rowe Price Group's shares. Their forecasts range from $93.00 to $135.00. On average, they anticipate T. Rowe Price Group's stock price to reach $111.75 in the next year. This suggests that the stock has a possible downside of 10.2%. 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.

Headlines about TROW stock have trended somewhat negative recently, InfoTrie reports. The research group identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a news sentiment score of -1.7 on InfoTrie's scale. They also gave headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. 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), Home Depot (HD), Walmart (WMT) and Cisco Systems (CSCO).

T. Rowe Price Group's stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (5.61%), 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%) and Parametric Portfolio Associates LLC (0.34%). 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 Millennium Management LLC, State Street Corp, SG Americas Securities LLC, OLD Republic International Corp, Massachusetts Financial Services Co. MA, Gamco Investors INC. ET AL, RPG Investment Advisory LLC and CWM LLC. 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 purchased 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., Parametric Portfolio Associates LLC and Artemis Investment Management LLP. 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 $124.50.

T. Rowe Price Group has a market capitalization of $29.09 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.