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 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Friday, December 13th. View T. Rowe Price Group's Dividend History.

T. Rowe Price Group declared that its Board of Directors has authorized a stock repurchase program 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 buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its shares are undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) posted its earnings results on Thursday, October, 24th. The asset manager reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.15. The asset manager had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. T. Rowe Price Group had a return on equity of 28.84% and a net margin of 35.28%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $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.

12 brokers have issued 1-year price objectives for T. Rowe Price Group's shares. Their forecasts range from $95.00 to $145.00. On average, they expect T. Rowe Price Group's share price to reach $119.09 in the next year. This suggests that the stock has a possible downside of 9.2%. View Analyst Price Targets for T. Rowe Price Group.

12 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 6 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, according to InfoTrie. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a coverage optimism 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, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for T. Rowe Price Group.

T. Rowe Price Group saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,760,000 shares, a decrease of 9.3% from the December 15th total of 6,350,000 shares. Based on an average daily trading volume, of 882,100 shares, the short-interest ratio is presently 6.5 days. Currently, 2.5% of the shares of the stock are sold short. View T. Rowe Price Group's Current Options Chain.

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), Invesco (IVZ), Ares Capital (ARCC), Eaton Vance (EV), Affiliated Managers Group (AMG), Federated Investors (FII), Cohen & Steers (CNS), Legg Mason (LM) and Main Street Capital (MAIN).

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), AbbVie (ABBV), Mcdonald's (MCD), Procter & Gamble (PG), Home Depot (HD), Cisco Systems (CSCO) and Verizon Communications (VZ).

T. Rowe Price Group's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include PGGM Investments (0.19%), Boston Trust Walden Corp (0.19%), Fenimore Asset Management Inc. (0.16%), New York State Teachers Retirement System (0.13%), Strs Ohio (0.12%) and Johanson Financial Advisors Inc. (0.11%). 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 PGGM Investments, Artemis Investment Management LLP, Close Asset Management Ltd, Marathon Asset Management LLP, GenTrust LLC, United Services Automobile Association, Fenimore Asset Management Inc. and Bright Rock Capital Management LLC. 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 Johanson Financial Advisors Inc., Assenagon Asset Management S.A., Winmill & CO. Inc., Strs Ohio, TRH Financial LLC, Boston Trust Walden Corp, State of Alaska Department of Revenue and Meag Munich Ergo Kapitalanlagegesellschaft MBH. 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 $131.18.

T. Rowe Price Group has a market capitalization of $30.65 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.