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

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TROW. Morgan Stanley dropped their price objective on T. Rowe Price Group from $124.00 to $123.00 and set an "equal weight" rating for the company in a research report on Friday, July 29th. UBS Group dropped their price objective on T. Rowe Price Group from $88.00 to $84.00 and set a "sell" rating for the company in a research report on Friday, July 29th. BMO Capital Markets dropped their price objective on T. Rowe Price Group from $135.00 to $115.00 in a research report on Monday, August 1st. Deutsche Bank Aktiengesellschaft upped their price objective on T. Rowe Price Group from $120.00 to $138.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Citigroup dropped their target price on T. Rowe Price Group from $110.00 to $90.00 in a research report on Friday, April 29th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $132.30.

T. Rowe Price Group Trading Up 2.1 %

NASDAQ:TROW traded up $2.75 during trading hours on Friday, hitting $132.26. 963,043 shares of the company's stock were exchanged, compared to its average volume of 1,547,633. The stock has a 50-day simple moving average of $118.25 and a 200 day simple moving average of $131.74. T. Rowe Price Group has a 1-year low of $104.72 and a 1-year high of $224.55. The firm has a market cap of $29.85 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 2.70 and a beta of 1.30.

T. Rowe Price Group (NASDAQ:TROW - Get Rating) last released its earnings results on Thursday, July 28th. The asset manager reported $1.79 EPS for the quarter, missing the consensus estimate of $2.64 by ($0.85). T. Rowe Price Group had a return on equity of 28.18% and a net margin of 33.26%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same period in the prior year, the business earned $3.31 EPS. The company's revenue for the quarter was down 20.4% on a year-over-year basis. On average, sell-side analysts anticipate that T. Rowe Price Group will post 8.27 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be paid a dividend of $1.20 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $4.80 annualized dividend and a yield of 3.63%. T. Rowe Price Group's dividend payout ratio is currently 46.33%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 959 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $124.57, for a total value of $119,462.63. Following the completion of the sale, the insider now owns 12,183 shares of the company's stock, valued at $1,517,636.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Andrew Justin Mackenzi Thomson sold 11,891 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $126.91, for a total value of $1,509,086.81. Following the transaction, the vice president now owns 136,410 shares in the company, valued at $17,311,793.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 959 shares of the firm's stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $124.57, for a total value of $119,462.63. Following the completion of the transaction, the insider now owns 12,183 shares in the company, valued at approximately $1,517,636.31. The disclosure for this sale can be found here. Insiders own 1.00% of the company's stock.