T. Rowe Price Group (NASDAQ:TROW) Given Daily News Impact Score of 0.38

Media coverage about T. Rowe Price Group (NASDAQ:TROW) has been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. T. Rowe Price Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 46.1033778976289 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s rankings:

T. Rowe Price Group (TROW) traded up $1.91 during midday trading on Wednesday, reaching $116.38. The company’s stock had a trading volume of 1,590,059 shares, compared to its average volume of 1,394,282. T. Rowe Price Group has a 12-month low of $65.33 and a 12-month high of $117.64. The company has a market capitalization of $28,200.00, a PE ratio of 19.05, a PEG ratio of 1.60 and a beta of 1.32.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Thursday, October 26th. The asset manager reported $1.56 EPS for the quarter, beating 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 company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the company earned $1.17 EPS. T. Rowe Price Group’s revenue was up 11.8% compared to the same quarter last year. research analysts predict that T. Rowe Price Group will post 5.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were issued 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 1.96%. T. Rowe Price Group’s payout ratio is 37.32%.

A number of analysts have recently commented on TROW shares. Morgan Stanley upgraded T. Rowe Price Group from an “underweight” rating to an “equal” rating and upped their target price for the stock from $77.00 to $93.00 in a report on Thursday, October 5th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, September 26th. Goldman Sachs Group raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $100.00 in a research report on Thursday, September 28th. Bank of America raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $113.00 to $125.00 in a research report on Monday, January 8th. Finally, Jefferies Group reissued a “buy” rating and set a $104.00 price target (up previously from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $98.70.

In other T. Rowe Price Group news, VP W. Sharps Robert sold 5,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $98.64, for a total transaction of $493,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Christopher D. Alderson sold 91,605 shares of the 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 sale, the vice president now owns 169,816 shares of the company’s stock, valued at $17,538,596.48. 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 90 days. 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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