Press coverage about T. Rowe Price Group (NASDAQ:TROW) has trended positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. T. Rowe Price Group earned a news sentiment score of 0.41 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.584090491608 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
A number of research firms have recently commented on TROW. Zacks Investment Research cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Monday. BidaskClub upgraded T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 27th. TheStreet upgraded T. Rowe Price Group from a “c+” rating to a “b+” rating in a research report on Monday, March 5th. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Deutsche Bank raised their target price on T. Rowe Price Group from $115.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $110.50.
T. Rowe Price Group (TROW) traded up $0.13 during trading hours on Friday, hitting $115.54. The stock had a trading volume of 3,674,338 shares, compared to its average volume of 1,750,326. T. Rowe Price Group has a 52-week low of $66.70 and a 52-week high of $120.07. The firm has a market cap of $28,251.01, a PE ratio of 19.35, a PEG ratio of 1.31 and a beta of 1.22.
T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Tuesday, January 30th. The asset manager reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.04. T. Rowe Price Group had a return on equity of 25.30% and a net margin of 31.07%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the firm posted $1.21 EPS. T. Rowe Price Group’s revenue was up 17.9% compared to the same quarter last year. equities research analysts anticipate that T. Rowe Price Group will post 7.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 15th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.42%. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $0.57. The ex-dividend date is Wednesday, March 14th. T. Rowe Price Group’s payout ratio is presently 46.90%.
In related news, VP Christopher D. Alderson sold 91,605 shares of T. Rowe Price Group stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $103.28, for a total value of $9,460,964.40. Following the sale, the vice president now directly owns 169,816 shares in the company, valued at approximately $17,538,596.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kenneth V. Moreland sold 8,066 shares of T. Rowe Price Group stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $104.12, for a total value of $839,831.92. Following the completion of the sale, the chief financial officer now owns 100,796 shares in the company, valued at $10,494,879.52. The disclosure for this sale can be found here. 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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