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. Shareholders of record on Monday, March 16th will be paid a dividend of $0.90 per share on Monday, March 30th. This represents a $3.60 annualized dividend and a yield of 2.62%. The ex-dividend date 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 declared that its board has initiated a share repurchase plan on Thursday, April 26th 2018, which permits the company to buyback 10,000,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) issued its quarterly earnings results on Wednesday, January, 29th. The asset manager reported $2.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.95 by $0.08. The asset manager had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. The business's revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.54 EPS. 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 targets 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 $127.60 in the next year. This suggests that the stock has a possible downside of 7.1%. 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 stories about TROW stock have trended somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. T. Rowe Price Group earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave media 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 effect on the company's share price in the near future. View News Stories for T. Rowe Price Group.

T. Rowe Price Group saw a drop in short interest in the month of January. As of January 15th, there was short interest totalling 5,760,000 shares, a drop 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 short-interest ratio is currently 6.6 days. Currently, 2.5% of the shares of the company are sold short. View T. Rowe Price Group's Current Options Chain.

Some companies that are related to T. Rowe Price Group include Ameriprise Financial (AMP), Ares Capital (ARCC), Affiliated Managers Group (AMG), Federated Investors (FII), NeXt Innovation (GSVC), Apollo Investment (AINV), Arlington Asset Investment (AI), Bank of New York Mellon (BK), Blackrock Capital Investment (BKCC), BlackRock TCP Capital (TCPC), BlackRock (BLK), Capital Southwest (CSWC), Cohen & Steers (CNS), Diamond Hill Investment Group (DHIL) and Eaton Vance (EV).

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 a number of of retail and institutional investors. Top institutional investors include State Street Corp (5.60%), Massachusetts Financial Services Co. MA (1.40%), Goldman Sachs Group Inc. (0.89%), Provident Trust Co. (0.87%), Bank of New York Mellon Corp (0.85%) and Charles Schwab Investment Management Inc. (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 Goldman Sachs Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, TD Asset Management Inc., Barometer Capital Management Inc., PGGM Investments, Bank of New York Mellon Corp and Los Angeles Capital Management & Equity Research Inc.. 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 $137.39.