News headlines about T. Rowe Price Group (NASDAQ:TROW) have trended positive on Tuesday, according to Accern. The research firm identifies negative and positive news coverage by monitoring more than 20 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 media sentiment score of 0.41 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 47.3391497143498 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news articles that may have impacted Accern’s scoring:
- T. Rowe to Base EU Operations in Luxembourg Post Brexit (finance.yahoo.com)
- [$$] Brexit shutout fears spur asset managers into action (finance.yahoo.com)
- Trump's SEC blocks sale of Chicago Stock Exchange to China-led investment group (finance.yahoo.com)
- [$$] T Rowe Price pivots from London to Luxembourg (finance.yahoo.com)
- T. Rowe Price Group Target of Unusually Large Options Trading (TROW) (americanbankingnews.com)
TROW has been the topic of several analyst reports. Citigroup boosted their target price on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Barclays boosted their target price on T. Rowe Price Group from $79.00 to $84.00 and gave the company an “underweight” rating in a research report on Friday, October 27th. UBS Group boosted their target price on T. Rowe Price Group from $69.00 to $72.00 and gave the company a “sell” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, Bank of America raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $113.00 to $125.00 in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. T. Rowe Price Group presently has an average rating of “Hold” and an average price target of $100.60.
T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Tuesday, January 30th. The asset manager reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. T. Rowe Price Group had a return on equity of 25.30% and a net margin of 31.07%. T. Rowe Price Group’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 EPS. equities analysts forecast that T. Rowe Price Group will post 7.11 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.55%. The ex-dividend date is Wednesday, March 14th. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $0.57. T. Rowe Price Group’s dividend payout ratio is 38.19%.
In other news, CEO William J. Stromberg sold 30,000 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the transaction, the chief executive officer now owns 534,077 shares of the company’s stock, valued at approximately $51,853,535.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP W. Sharps Robert sold 5,000 shares of the stock in a transaction on Monday, November 27th. The stock was sold at an average price of $98.64, for a total value of $493,200.00. The disclosure for this sale can be found here. Insiders sold a total of 190,561 shares of company stock worth $19,377,077 in the last ninety days. 3.60% of the stock is currently owned by corporate 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.
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