T. Rowe Price Group (TROW) Receiving Positive Press Coverage, Study Shows
News headlines about T. Rowe Price Group (NASDAQ:TROW) have been trending positive on Thursday, AlphaOne Sentiment reports. The research firm, a service of Accern, ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded 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 daily sentiment score of 0.38 on AlphaOne’s scale. AlphaOne also gave media coverage about the asset manager an impact score of 64 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Alpha One Sentiment’s analysis:
- Gabelli Analysts Increase Earnings Estimates for T. Rowe Price Group Inc (TROW) (americanbankingnews.com)
- Will Citizens Financial (CFG) Disappoint in Q1 Earnings? (finance.yahoo.com)
- Why I Sold This Dividend Aristocrat (seekingalpha.com)
- T Rowe Price Equity Income Fund Goes 2-for-2 in Financial Services Sector (finance.yahoo.com)
- How Fidelity, T. Rowe Price Buy Hot Stocks Ahead of IPOs (TROW, SNAP) – Investopedia (investopedia.com)
T. Rowe Price Group (NASDAQ:TROW) traded up 0.70% on Thursday, hitting $72.30. 2,112,488 shares of the company’s stock were exchanged. The stock has a market cap of $17.60 billion, a P/E ratio of 15.22 and a beta of 1.29. T. Rowe Price Group has a 52-week low of $62.97 and a 52-week high of $79.00. The firm has a 50 day moving average price of $69.99 and a 200-day moving average price of $70.81.
T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Thursday, January 26th. The asset manager reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.07. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. T. Rowe Price Group had a return on equity of 24.49% and a net margin of 28.28%. T. Rowe Price Group’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the company earned $1.17 earnings per share. Analysts predict that T. Rowe Price Group will post $4.85 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 30th. Investors of record on Thursday, March 16th were given a $0.57 dividend. The ex-dividend date was Tuesday, March 14th. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $0.54. This represents a $2.28 dividend on an annualized basis and a yield of 3.15%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 46.06%.
Several research analysts recently issued reports on the stock. Morgan Stanley lowered shares of T. Rowe Price Group to a “sell” rating in a research note on Saturday, March 18th. Credit Suisse Group AG set a $62.00 target price on shares of T. Rowe Price Group and gave the stock a “hold” rating in a research note on Saturday, February 4th. Jefferies Group LLC reissued a “buy” rating and set a $84.00 target price on shares of T. Rowe Price Group in a research note on Monday, March 27th. TheStreet lowered shares of T. Rowe Price Group from a “b” rating to a “c+” rating in a research note on Tuesday, March 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of T. Rowe Price Group in a research note on Thursday, January 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $73.83.
In related news, Director Anne M. Whittemore sold 8,326 shares of the firm’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $71.02, for a total value of $591,312.52. Following the completion of the sale, the director now directly owns 25,947 shares in the company, valued at $1,842,755.94. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.60% of the stock is owned by company insiders.
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.
Receive News & Ratings for T. Rowe Price Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.