News coverage about T. Rowe Price Group (NASDAQ:TROW) has been trending positive on Thursday, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. T. Rowe Price Group earned a media sentiment score of 0.39 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 45.9893833681647 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
T. Rowe Price Group (NASDAQ:TROW) traded down $0.59 during midday trading on Thursday, hitting $115.79. The stock had a trading volume of 1,448,412 shares, compared to its average volume of 1,398,808. T. Rowe Price Group has a 52-week low of $65.33 and a 52-week high of $117.64. The stock has a market capitalization of $28,060.00, a PE ratio of 18.95, a P/E/G ratio of 1.58 and a beta of 1.32.
T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Thursday, October 26th. The asset manager reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. equities analysts expect that T. Rowe Price Group will post 5.32 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Wednesday, December 13th. T. Rowe Price Group’s payout ratio is currently 37.32%.
Several equities research analysts recently weighed in on the company. Citigroup upped their price target on T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research cut T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a research note on Friday, January 5th. UBS Group raised T. Rowe Price Group from a “sell” rating to a “neutral” rating and increased their target price for the stock from $75.00 to $110.00 in a research note on Tuesday, January 9th. Bank of America raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $113.00 to $125.00 in a research note on Monday, January 8th. Finally, Barclays increased their target price on T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $98.70.
In other news, CFO Kenneth V. Moreland sold 14,419 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $97.07, for a total transaction of $1,399,652.33. Following the transaction, the chief financial officer now directly owns 125,264 shares of the company’s stock, valued at $12,159,376.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William J. Stromberg sold 30,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total value of $2,912,700.00. Following the transaction, the chief executive officer now directly owns 534,077 shares in the company, valued at $51,853,535.93. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,980 shares of company stock worth $20,776,729. Corporate insiders own 3.60% of the company’s stock.
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About T. Rowe Price Group
T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.
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