Media stories about T. Rowe Price Group (NASDAQ:TROW) have trended positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. T. Rowe Price Group earned a coverage optimism score of 0.47 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 47.0384262532005 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Shares of T. Rowe Price Group (TROW) traded up $0.16 during trading on Monday, hitting $97.88. The stock had a trading volume of 488,000 shares, compared to its average volume of 1,663,273. The firm has a market capitalization of $23,810.00, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.80 and a beta of 1.28. T. Rowe Price Group has a twelve month low of $65.33 and a twelve month high of $98.31.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Thursday, October 26th. The asset manager reported $1.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.20. The business had revenue of $1.22 billion during 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 was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.17 earnings per share. research analysts expect that T. Rowe Price Group will post 5.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is 37.32%.

Several research analysts have recently issued reports on TROW shares. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 price target (up previously from $96.00) on shares of T. Rowe Price Group in a research note on Tuesday, October 10th. Zacks Investment Research lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Barclays PLC started coverage on T. Rowe Price Group in a report on Friday, September 8th. They issued an “underweight” rating and a $79.00 price objective for the company. Finally, Citigroup Inc. upped their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $89.50.

In other news, Director Anne M. Whittemore sold 4,163 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $90.64, for a total transaction of $377,334.32. Following the completion of the sale, the director now directly owns 29,070 shares of the company’s stock, valued at $2,634,904.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jessica M. Hiebler sold 1,000 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.29, for a total value of $84,290.00. Following the sale, the insider now directly owns 8,461 shares of the company’s stock, valued at $713,177.69. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,623 shares of company stock valued at $5,953,274. 3.60% of the stock is currently owned by company 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.

Insider Buying and Selling by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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