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 Tuesday, August 20th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.76 per share on Friday, September 27th. This represents a $3.04 annualized dividend and a yield of 2.61%. The ex-dividend date is Thursday, September 12th. View T. Rowe Price Group's Dividend History.

T. Rowe Price Group declared that its board has initiated a share buyback plan on Thursday, April 26th 2018, which authorizes the company to buyback 10,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) posted its earnings results on Wednesday, July, 24th. The asset manager reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.15. The asset manager had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.39 billion. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The business's quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 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 Thursday, October 24th 2019. View Earnings Estimates for T. Rowe Price Group.

12 brokers have issued 12 month target prices for T. Rowe Price Group's shares. Their predictions range from $93.00 to $135.00. On average, they expect T. Rowe Price Group's share price to reach $110.4545 in the next twelve months. This suggests that the stock has a possible downside of 5.1%. 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, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. T. Rowe Price Group earned a media sentiment score of -2.9 on InfoTrie's scale. They also assigned press coverage 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 near future. View News Stories for T. Rowe Price Group.

T. Rowe Price Group saw a increase in short interest during the month of August. As of August 15th, there was short interest totalling 5,384,400 shares, an increase of 19.1% from the July 15th total of 4,520,100 shares. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 2.3% of the company's shares 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), Johnson & Johnson (JNJ), Exxon Mobil (XOM), PepsiCo (PEP), Mcdonald's (MCD), Procter & Gamble (PG), AbbVie (ABBV), The Coca-Cola (KO), Boeing (BA) and Walt Disney (DIS).

T. Rowe Price Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.57%), BlackRock Inc. (7.56%), BlackRock Inc. (7.56%), Fayez Sarofim & Co (3.41%), Northern Trust Corp (1.23%) and Bank of New York Mellon Corp (0.91%). 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, 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., BlackRock Inc., Skandinaviska Enskilda Banken AB publ, Marshall Wace North America L.P., Adams Diversified Equity Fund Inc., Morgan Stanley and Royal Bank of Canada. 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 $116.45.

T. Rowe Price Group has a market capitalization of $27.43 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.