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, October 30th. Stockholders of record on Monday, December 16th will be given a dividend of $0.76 per share on Monday, December 30th. This represents a $3.04 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, December 13th. View T. Rowe Price Group's Dividend History.

T. Rowe Price Group announced that its board has initiated a share repurchase 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 often a sign that the company's leadership believes its shares are undervalued.

T. Rowe Price Group Inc (NASDAQ:TROW) released its quarterly earnings results on Thursday, October, 24th. The asset manager reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.98 by $0.15. The asset manager earned $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. T. Rowe Price Group had a net margin of 35.28% and a return on equity of 28.84%. The company's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.99 EPS. View T. Rowe Price Group's Earnings History.

T. Rowe Price Group is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for T. Rowe Price Group.

12 analysts have issued twelve-month price targets for T. Rowe Price Group's shares. Their forecasts range from $95.00 to $145.00. On average, they expect T. Rowe Price Group's share price to reach $119.09 in the next year. This suggests that the stock has a possible downside of 10.0%. 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, 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for T. Rowe Price Group.

News stories about TROW stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a news sentiment score of 1.5 on InfoTrie's scale. They also assigned news headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for T. Rowe Price Group.

T. Rowe Price Group saw a decrease in short interest during the month of December. As of December 31st, there was short interest totalling 5,760,000 shares, a decrease of 9.3% from the December 15th total of 6,350,000 shares. Based on an average daily trading volume, of 882,100 shares, the days-to-cover ratio is presently 6.5 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), Northern Trust (NTRS), Ameriprise Financial (AMP), Franklin Resources (BEN), SEI Investments (SEIC), Invesco (IVZ), Ares Capital (ARCC), 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), PepsiCo (PEP), Exxon Mobil (XOM), Mcdonald's (MCD), Procter & Gamble (PG), AbbVie (ABBV), Home Depot (HD), Walmart (WMT) and Cisco Systems (CSCO).

T. Rowe Price Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include PGGM Investments (0.19%), Boston Trust Walden Corp (0.19%), Fenimore Asset Management Inc. (0.16%), Johanson Financial Advisors Inc. (0.11%), Heritage Investors Management Corp (0.08%) and Tandem Investment Advisors Inc. (0.07%). 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 PGGM Investments, Artemis Investment Management LLP, United Services Automobile Association, Fenimore Asset Management Inc., Bright Rock Capital Management LLC, Heritage Investors Management Corp, Dubuque Bank & Trust Co. and Nisa Investment Advisors LLC. 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 Johanson Financial Advisors Inc., Assenagon Asset Management S.A., Winmill & CO. Inc., Boston Trust Walden Corp, State of Alaska Department of Revenue, Meag Munich Ergo Kapitalanlagegesellschaft MBH, 180 Wealth Advisors LLC and UNIVEST FINANCIAL Corp. 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 $132.26.

T. Rowe Price Group has a market capitalization of $30.91 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.