NASDAQ:TROW - T. Rowe Price Group Stock Price, News & Analysis

T. Rowe Price Group trades on the NASDAQ under the ticker symbol "TROW."

T. Rowe Price Group declared a quarterly dividend on Thursday, April 25th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.76 per share on Friday, June 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Thursday, June 13th. View T. Rowe Price Group's Dividend History.

T. Rowe Price Group announced that its board has approved a share buyback program on Thursday, April 26th 2018, which permits the company to buyback 10,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) issued its quarterly earnings results on Wednesday, July, 24th. The asset manager reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.15. The asset manager earned $1.40 billion during the quarter, compared to the consensus estimate of $1.39 billion. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.87 EPS. View T. Rowe Price Group's Earnings History.

T. Rowe Price Group is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for T. Rowe Price Group.

12 brokers have issued 12-month price targets for T. Rowe Price Group's shares. Their forecasts range from $93.00 to $122.00. On average, they expect T. Rowe Price Group's stock price to reach $109.1818 in the next year. This suggests a possible upside of 1.7% from the stock's current price. 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, 6 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 coverage about TROW stock has trended negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. T. Rowe Price Group earned a news impact score of -2.3 on InfoTrie's scale. They also assigned media stories about the asset manager a news buzz of 0.0 out of 10, meaning 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 increase in short interest during the month of July. As of July 31st, there was short interest totalling 5,384,400 shares, an increase of 19.1% from the June 30th total of 4,520,100 shares. Based on an average trading volume of 1,120,000 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.3% of the shares of the company are short sold. View T. Rowe Price Group's Current Options Chain.

Some companies that are related to T. Rowe Price Group include CME Group (CME), Intercontinental Exchange (ICE), DEUTSCHE BOERSE/ADR (DBOEY), Nasdaq (NDAQ), Cboe Global Markets (CBOE), LPL Financial (LPLA), BGC Partners (BGCP), INTL Fcstone (INTL), OTC Markets Group (OTCM), Yintech Investment (YIN), National (NHLD) and Primus Guaranty (PRSG).

Based on aggregate information from My MarketBeat watchlists, some companies that other T. Rowe Price Group investors own include AT&T (T), Exxon Mobil (XOM), Johnson & Johnson (JNJ), PepsiCo (PEP), Mcdonald's (MCD), AbbVie (ABBV), Procter & Gamble (PG), Walt Disney (DIS), Home Depot (HD) and Cisco Systems (CSCO).

T. Rowe Price Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.57%), BlackRock Inc. (7.56%), Fayez Sarofim & Co (3.41%), Northern Trust Corp (1.23%), Bank of New York Mellon Corp (0.91%) and Charles Schwab Investment Management Inc. (0.78%). Company insiders that own T. Rowe Price Group stock include Anne M Whittemore, Christopher D Alderson, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Jessica M Hiebler, 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 Renaissance Technologies LLC, APG Asset Management N.V., Brown Advisory Inc., First Trust Advisors LP, Ellis Investment Partners LLC, UBS Group AG, GW Henssler & Associates Ltd. and Bank of Nova Scotia. 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 Nuveen Asset Management LLC, BlackRock Inc., Skandinaviska Enskilda Banken AB publ , Marshall Wace North America L.P., Adams Diversified Equity Fund Inc., Morgan Stanley, Royal Bank of Canada and Envestnet 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, Scottrade, Fidelity and Charles Schwab.

One share of TROW stock can currently be purchased for approximately $107.37.

T. Rowe Price Group has a market capitalization of $25.29 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.