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 declared a quarterly dividend on Wednesday, February 12th. Stockholders 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 annualized dividend and a dividend yield of 2.62%. The ex-dividend date is Friday, March 13th. This is an increase 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 initiated a stock buyback program on Thursday, April 26th 2018, which authorizes the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) released its quarterly earnings data on Wednesday, January, 29th. The asset manager reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.08. The asset manager earned $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. T. Rowe Price Group had a net margin of 37.69% and a return on equity of 29.45%. The company's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.54 EPS. 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 twelve-month target prices 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 $127.60 in the next twelve months. This suggests that the stock has a possible downside of 7.1%. 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.

Press coverage about TROW stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 media sentiment score of 1.6 on InfoTrie's scale. They also assigned headlines 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 company's share price in the near term. View News Stories for T. Rowe Price Group.

T. Rowe Price Group saw a decline in short interest in January. As of January 15th, there was short interest totalling 5,760,000 shares, a decline of 9.3% from the December 31st total of 6,350,000 shares. Based on an average trading volume of 871,400 shares, the days-to-cover ratio is presently 6.6 days. Approximately 2.5% of the company's shares 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), Affiliated Managers Group (AMG), Federated Investors (FII), Legg Mason (LM), Cohen & Steers (CNS) 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), AbbVie (ABBV), Procter & Gamble (PG), 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 investors include State Street Corp (5.60%), Massachusetts Financial Services Co. MA (1.40%), Goldman Sachs Group Inc. (0.89%), Provident Trust Co. (0.87%), Bank of New York Mellon Corp (0.85%) and Charles Schwab Investment Management Inc. (0.85%). 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 Goldman Sachs Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, TD Asset Management Inc., Barometer Capital Management Inc., PGGM Investments, Bank of New York Mellon Corp and Los Angeles Capital Management & Equity Research Inc.. 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 acquired 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 Panagora 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, Robinhood, Fidelity and Charles Schwab.

One share of TROW stock can currently be purchased for approximately $137.39.

T. Rowe Price Group has a market capitalization of $32.43 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 7,022 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.