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.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Morgan Stanley dropped their price objective on T. Rowe Price Group from $124.00 to $123.00 and set an "equal weight" rating on the stock in a research note on Friday, July 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on T. Rowe Price Group from $126.00 to $118.00 and set a "hold" rating on the stock in a research note on Wednesday, July 13th. Citigroup lowered their target price on shares of T. Rowe Price Group from $110.00 to $90.00 in a report on Friday, April 29th. UBS Group lowered their target price on shares of T. Rowe Price Group from $88.00 to $84.00 and set a "sell" rating on the stock in a report on Friday, July 29th. Finally, The Goldman Sachs Group lowered their target price on shares of T. Rowe Price Group from $118.00 to $100.00 and set a "sell" rating on the stock in a report on Wednesday, June 29th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $130.30.

T. Rowe Price Group Stock Performance

T. Rowe Price Group stock opened at $129.51 on Friday. The stock has a market cap of $29.23 billion, a P/E ratio of 12.50, a PEG ratio of 2.55 and a beta of 1.30. T. Rowe Price Group has a fifty-two week low of $104.72 and a fifty-two week high of $224.55. The firm's fifty day moving average price is $118.06 and its 200-day moving average price is $132.30.

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

T. Rowe Price Group Dividend Announcement

The company 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 $1.20 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $4.80 dividend on an annualized basis and a yield of 3.71%. T. Rowe Price Group's dividend payout ratio is presently 46.33%.

Insider Activity at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 11,891 shares of the stock in a transaction 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 of the company's stock, valued at $17,311,793.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Andrew Justin Mackenzi Thomson sold 11,891 shares of the stock in a transaction 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 of the company's stock, valued at $17,311,793.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jessica M. Hiebler sold 959 shares of the stock in a transaction 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 directly owns 12,183 shares in the company, valued at approximately $1,517,636.31. The disclosure for this sale can be found here. 1.00% of the stock is owned by insiders.