T. Rowe Price Group (TROW) Earning Positive Press Coverage, Report Finds
News stories about T. Rowe Price Group (NASDAQ:TROW) have trended positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. T. Rowe Price Group earned a coverage optimism score of 0.42 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 47.0595961169871 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- T. Rowe Price Wins Best Overall Retail Communications Award From Mutual Fund Education Alliance (MFEA) (finance.yahoo.com)
- Which Institutional Investor Was Most Active in PG&E in 3Q17? (finance.yahoo.com)
- T. Rowe Price (TROW) Reports 2.4% Growth in October AUM – Nasdaq (nasdaq.com)
- T. Rowe Price Group, Inc. (TROW) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Several equities analysts have issued reports on the company. Citigroup Inc. raised their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. Barclays PLC raised their price objective on T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a report on Friday, October 27th. UBS AG raised their price objective on T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a report on Friday, October 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $104.00 price objective (up previously from $96.00) on shares of T. Rowe Price Group in a report on Tuesday, October 10th. Finally, Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and raised their price objective for the stock from $77.00 to $93.00 in a report on Thursday, October 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $89.50.
T. Rowe Price Group (TROW) traded up $0.45 during midday trading on Friday, hitting $95.98. The company had a trading volume of 839,804 shares, compared to its average volume of 1,372,236. T. Rowe Price Group has a 52-week low of $65.33 and a 52-week high of $97.35. The stock has a market capitalization of $23,256.91, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.76 and a beta of 1.29.
T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $1.22 billion. During the same quarter last year, the company posted $1.17 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. equities research analysts forecast that T. Rowe Price Group will post 5.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is presently 37.38%.
In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,000 shares of T. Rowe Price Group stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $84.29, for a total value of $84,290.00. Following the sale, the insider now owns 8,461 shares of the company’s stock, valued at approximately $713,177.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Anne M. Whittemore sold 4,163 shares of T. Rowe Price Group stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $90.64, for a total value of $377,334.32. Following the completion of the sale, the director now directly owns 29,070 shares in the company, valued at approximately $2,634,904.80. The disclosure for this sale can be found here. Insiders sold a total of 18,204 shares of company stock worth $1,640,922 in the last ninety days. 3.60% of the stock is owned by corporate insiders.
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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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