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, February 12th. Investors of record on Monday, March 16th will be paid a dividend of $0.90 per share on Monday, March 30th. This represents a $3.60 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, March 13th. This is a boost from T. Rowe Price Group's previous quarterly dividend of $0.76. View T. Rowe Price Group's Dividend History.

T. Rowe Price Group declared that its Board of Directors has authorized a share repurchase program on Thursday, April 26th 2018, which permits the company to buyback 10,000,000 shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) posted its quarterly earnings results on Wednesday, January, 29th. The asset manager reported $2.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.95 by $0.08. The asset manager had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.45 billion. T. Rowe Price Group had a return on equity of 29.45% and a net margin of 37.69%. The company's revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.54 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, April 22nd 2020. View Earnings Estimates for T. Rowe Price Group.

11 analysts have issued 1 year price objectives for T. Rowe Price Group's stock. Their forecasts range from $95.00 to $152.00. On average, they anticipate T. Rowe Price Group's stock price to reach $128.30 in the next year. This suggests that the stock has a possible downside of 2.6%. View Analyst Price Targets for T. Rowe Price Group.

11 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for T. Rowe Price Group.

Media stories about TROW stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of press 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 five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a news impact score of -3.0 on InfoTrie's scale. They also assigned media stories about the asset manager a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for T. Rowe Price Group.

T. Rowe Price Group saw a decrease in short interest in the month of January. As of January 15th, there was short interest totalling 5,760,000 shares, a decrease of 9.3% from the December 31st total of 6,350,000 shares. Based on an average daily volume of 871,400 shares, the days-to-cover ratio is currently 6.6 days. Approximately 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), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Invesco (IVZ), Eaton Vance (EV), Legg Mason (LM), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) 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), Mcdonald's (MCD), Procter & Gamble (PG), AbbVie (ABBV), 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 State Street Corp (5.60%), Geode Capital Management LLC (1.83%), Capital World Investors (1.78%), Massachusetts Financial Services Co. MA (1.40%), Goldman Sachs Group Inc. (0.89%) and Provident Trust Co. (0.87%). 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 Capital World Investors, Goldman Sachs Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Janus Henderson Group PLC, TD Asset Management Inc., Barometer Capital Management Inc. and PGGM Investments. 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 purchased by a variety of institutional investors in the last quarter, including Lord Abbett & CO. LLC, Johanson Financial Advisors Inc., Thrivent Financial for Lutherans, Pinebridge Investments L.P., Credit Suisse AG, Amundi Pioneer Asset Management Inc., Assenagon Asset Management S.A. and Geode Capital Management LLC. 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 $131.77.

T. Rowe Price Group has a market capitalization of $31.10 billion and generates $5.62 billion in revenue each year. The asset manager earns $2.13 billion in net income (profit) each year or $8.07 on an earnings per share basis. T. Rowe Price Group employs 7,365 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.