T. Rowe Price Group (TROW) Receives Daily News Impact Rating of 0.43
Media coverage about T. Rowe Price Group (NASDAQ:TROW) has trended positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. T. Rowe Price Group earned a news impact score of 0.43 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 46.492733770242 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s analysis:
- Legg Mason’s (LM) AUM Up in November, Net Inflows Recorded – Nasdaq (nasdaq.com)
- Unusual Ways to Leverage Your Investment:- T. Rowe Price Group, Inc. (NASDAQ:TROW) – The Stock Street (press release) (thestreetpoint.com)
- T. Rowe Price Group, Inc. (TROW) Ex-Dividend Date Scheduled for December 13, 2017 – Nasdaq (nasdaq.com)
- ETFs with exposure to T. Rowe Price Group, Inc. : December 12, 2017 (finance.yahoo.com)
- T. Rowe Price Group, Inc. (TROW) VP Christopher D. Alderson Sells 6,808 Shares (americanbankingnews.com)
Several research analysts recently commented on the stock. Citigroup lifted their target price on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday, August 21st. UBS lifted their target price on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a research note on Friday, October 27th. Barclays lifted their target price on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research note on Friday, October 27th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $104.00 target price (up from $96.00) on shares of T. Rowe Price Group in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. T. Rowe Price Group currently has an average rating of “Hold” and an average price target of $89.67.
Shares of T. Rowe Price Group (NASDAQ:TROW) traded down $0.74 during trading on Wednesday, reaching $101.90. 1,314,920 shares of the company’s stock were exchanged, compared to its average volume of 1,666,920. The stock has a market cap of $24,679.27, a P/E ratio of 19.89, a P/E/G ratio of 1.87 and a beta of 1.32. T. Rowe Price Group has a fifty-two week low of $65.33 and a fifty-two week high of $104.40.
T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.20. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. T. Rowe Price Group had a net margin of 33.10% and a return on equity of 24.76%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. analysts predict that T. Rowe Price Group will post 5.29 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s payout ratio is currently 37.38%.
In other news, VP Christopher D. Alderson sold 6,808 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.83, for a total transaction of $700,066.64. Following the sale, the vice president now owns 119,846 shares in the company, valued at approximately $12,323,764.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William J. Stromberg sold 30,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the sale, the chief executive officer now owns 534,077 shares in the company, valued at approximately $51,853,535.93. The disclosure for this sale can be found here. Over the last three months, insiders have sold 88,513 shares of company stock worth $8,562,005. 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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