Press coverage about T. Rowe Price Group (NASDAQ:TROW) has been trending positive recently, according to Accern Sentiment. The research firm scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. T. Rowe Price Group earned a daily sentiment score of 0.38 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 46.1086055514636 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Jan 11, 2018 – Kessler Investment Group, LLC Buys Alphabet Inc … – GuruFocus.com (gurufocus.com)
- FY2017 EPS Estimates for T. Rowe Price Group Inc Boosted by Jefferies Group (TROW) (americanbankingnews.com)
- T. Rowe Price Group Sees Unusually Large Options Volume (TROW) (americanbankingnews.com)
- T. Rowe Price assets approaching $1 trillion (bizjournals.com)
- T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For December 2017 (finance.yahoo.com)
Shares of T. Rowe Price Group (NASDAQ TROW) traded up $2.29 during midday trading on Friday, hitting $115.35. The stock had a trading volume of 1,361,147 shares, compared to its average volume of 1,500,000. T. Rowe Price Group has a twelve month low of $65.33 and a twelve month high of $115.62. The stock has a market capitalization of $27,950.00, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32.
T. Rowe Price Group (NASDAQ:TROW) last announced its 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. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.17 earnings per share. equities research analysts predict that T. Rowe Price Group will post 5.32 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 1.98%. T. Rowe Price Group’s dividend payout ratio (DPR) is 37.32%.
A number of brokerages have recently issued reports on TROW. Zacks Investment Research lowered T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 target price on the stock. in a research report on Friday, January 5th. UBS Group lifted their target price on T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and lifted their target price for the stock from $77.00 to $93.00 in a research report on Thursday, October 5th. Goldman Sachs Group raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $100.00 in a research report on Thursday, September 28th. Finally, Barclays lifted their target price on T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. T. Rowe Price Group currently has an average rating of “Hold” and an average target price of $98.70.
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 completion of the transaction, the vice president now directly owns 169,816 shares in the company, valued at $17,538,596.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief financial officer now owns 100,796 shares of the company’s stock, valued at $10,494,879.52. The disclosure for this sale can be found here. Insiders sold 204,980 shares of company stock valued at $20,776,729 over the last quarter. Insiders own 3.60% of the company’s stock.
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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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