T. Rowe Price Group (TROW) Earns News Sentiment Rating of 0.36
Media coverage about T. Rowe Price Group (NASDAQ:TROW) has been trending positive recently, according to Accern. The research group identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. T. Rowe Price Group earned a news sentiment score of 0.36 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 46.5358356198651 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Taking Aim at Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) and Willis Towers Watson Public Limited … – FLBC News (flbcnews.com)
- Vanguard Group Inc Bought A Lot More T. Rowe Price Group, Inc. (TROW) Stock Last Quarter – Modern Readers (modernreaders.com)
- This Dividend Aristocrat Paid Shareholders $137 Million Last Quarter (finance.yahoo.com)
- T. Rowe Price Beat Analysts’ Estimates in 2Q17 (finance.yahoo.com)
- T Rowe Price : Names Céline Dufétel Vice President and Next Chief Financial Officer (4-traders.com)
TROW has been the subject of a number of analyst reports. TheStreet raised shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a research report on Friday, April 28th. Zacks Investment Research raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Wednesday, June 28th. Jefferies Group LLC set a $83.00 target price on shares of T. Rowe Price Group and gave the company a “buy” rating in a research report on Tuesday, June 20th. BidaskClub cut shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. T. Rowe Price Group has a consensus rating of “Hold” and an average price target of $79.20.
T. Rowe Price Group (NASDAQ:TROW) traded up 1.75% during mid-day trading on Friday, reaching $83.90. 1,510,082 shares of the company traded hands. The firm has a market capitalization of $20.17 billion, a price-to-earnings ratio of 14.41 and a beta of 1.24. T. Rowe Price Group has a 52 week low of $62.97 and a 52 week high of $85.42. The stock’s 50 day moving average price is $81.74 and its 200 day moving average price is $73.85.
T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.01. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.76 earnings per share. Equities analysts forecast that T. Rowe Price Group will post $5.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Wednesday, September 13th. T. Rowe Price Group’s dividend payout ratio is currently 39.18%.
In related news, insider David Oestreicher sold 10,394 shares of T. Rowe Price Group stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $83.07, for a total transaction of $863,429.58. Following the sale, the insider now directly owns 82,299 shares in the company, valued at $6,836,577.93. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anne M. Whittemore sold 8,326 shares of T. Rowe Price Group stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. Following the sale, the director now owns 28,982 shares in the company, valued at $2,377,393.46. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
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T. Rowe Price Group Company Profile
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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