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, 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 dividend yield of 2.33%. 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 initiated a stock repurchase program on Thursday, April 26th 2018, which allows the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's board believes its stock is undervalued.

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

12 brokers have issued 12-month price targets for T. Rowe Price Group's stock. Their forecasts range from $95.00 to $145.00. On average, they anticipate 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 8.9%. 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 headlines about TROW stock have been trending positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. T. Rowe Price Group earned a media sentiment score of 2.6 on InfoTrie's scale. They also assigned headlines about the asset manager a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for T. Rowe Price Group.

T. Rowe Price Group saw a drop in short interest during 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 presently 6.6 days. Approximately 2.5% of the company's stock are short sold. 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), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Invesco (IVZ), Ares Capital (ARCC), Eaton Vance (EV), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII), 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 investors include California Public Employees Retirement System (0.24%), PGGM Investments (0.19%), Boston Trust Walden Corp (0.19%), Virginia Retirement Systems ET AL (0.17%), Fenimore Asset Management Inc. (0.16%) and New York State Teachers Retirement System (0.13%). 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, CWM LLC, Close Asset Management Ltd, Marathon Asset Management LLP, GenTrust LLC, United Services Automobile Association and Fenimore Asset Management 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 bought by a variety of institutional investors in the last quarter, including Johanson Financial Advisors Inc., Assenagon Asset Management S.A., Virginia Retirement Systems ET AL, Birch Capital Management LLC, Winmill & CO. Inc., Strs Ohio, TRH Financial LLC and California Public Employees Retirement System. 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 $130.74.

T. Rowe Price Group has a market capitalization of $30.55 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.