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.

T. Rowe Price Group Price Performance

NASDAQ:TROW traded up $2.75 on Friday, hitting $132.26. The stock had a trading volume of 963,043 shares, compared to its average volume of 1,547,633. The business's fifty day moving average price is $118.25 and its 200 day moving average price is $131.92. The stock has a market cap of $29.85 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.65 and a beta of 1.30. T. Rowe Price Group has a 52-week low of $104.72 and a 52-week high of $224.55.

T. Rowe Price Group (NASDAQ:TROW - Get Rating) last announced its 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 business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.68 billion. T. Rowe Price Group had a return on equity of 28.18% and a net margin of 33.26%. The firm's quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.31 earnings per share. As a group, sell-side analysts anticipate that T. Rowe Price Group will post 8.27 EPS for the current year.

T. Rowe Price Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 15th will be given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.63%. The ex-dividend date is Wednesday, September 14th. T. Rowe Price Group's dividend payout ratio is presently 46.33%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. BMO Capital Markets reduced their target price on shares of T. Rowe Price Group from $135.00 to $115.00 in a research report on Monday, August 1st. JPMorgan Chase & Co. decreased their target price on T. Rowe Price Group from $117.00 to $94.00 and set an "underweight" rating for the company in a research report on Monday, July 18th. TheStreet downgraded T. Rowe Price Group from a "b-" rating to a "c" rating in a research report on Wednesday, July 13th. Citigroup decreased their price objective on T. Rowe Price Group from $110.00 to $90.00 in a report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of T. Rowe Price Group from $120.00 to $138.00 and gave the stock a "hold" rating in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, T. Rowe Price Group has an average rating of "Hold" and a consensus target price of $132.30.

Insider Buying and Selling at T. Rowe Price Group

In other news, insider Jessica M. Hiebler sold 959 shares of the business's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $124.57, for a total transaction of $119,462.63. Following the sale, the insider now directly owns 12,183 shares of the company's stock, valued at $1,517,636.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,891 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $126.91, for a total transaction of $1,509,086.81. Following the completion of the transaction, the vice president now directly owns 136,410 shares of the company's stock, valued at approximately $17,311,793.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jessica M. Hiebler sold 959 shares of the company's stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $124.57, for a total transaction of $119,462.63. Following the completion of the sale, the insider now directly owns 12,183 shares in the company, valued at $1,517,636.31. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.