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. Shareholders of record on Monday, December 16th will be given 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 2.47%. The ex-dividend date is Friday, December 13th. View T. Rowe Price Group's Dividend History.

T. Rowe Price Group declared that its board has approved a stock buyback plan on Thursday, April 26th 2018, which authorizes the company to repurchase 10,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) announced its earnings results on Thursday, October, 24th. The asset manager reported $2.13 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.15. The asset manager earned $1.43 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm 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 brokerages have issued 12-month target prices 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 share price to reach $111.75 in the next year. This suggests that the stock has a possible downside of 9.1%. 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.

Media stories about TROW stock have trended very positive this week, according to InfoTrie. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a media sentiment score of 3.5 on InfoTrie's scale. They also assigned media stories about the asset manager a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock'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), Legg Mason (LM), Federated Investors (FII), 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 a number of of retail and institutional 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 bought 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 $123.00.

T. Rowe Price Group has a market capitalization of $28.74 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.