T. Rowe Price Group Inc. (NASDAQ: TROW) is 7.24% higher on its value in year-to-date trading and has touched a low of $87.43 and a high of $132.76 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TROW stock was last observed hovering at around $114.38 in the last trading session, with the day’s gains setting it 1.11%.
Currently trading at $115.49, the stock is -0.57% and -0.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.39 million and changing 0.97% at the moment leaves the stock 5.47% off its SMA200. TROW registered -3.25% loss for a year compared to 6-month gain of 5.23%.
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The stock witnessed a -1.64% loss in the last 1 month and extending the period to 3 months gives it a 3.99%, and is -1.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.36% over the week and 1.77% over the month.
T. Rowe Price Group Inc. (TROW) has around 7906 employees, a market worth around $25.79B and $6.67B in sales. Current P/E ratio is 13.71 and Fwd P/E is 12.61. Profit margin for the company is 28.34%. Distance from 52-week low is 32.09% and -13.01% from its 52-week high. The company has generated returns on investments over the last 12 months (18.60%).
The EPS is expected to grow by 19.98% this year
The shares outstanding are 223.94M, and float is at 218.29M with Short Float at 4.00%.
T. Rowe Price Group Inc. (TROW) Insider Activity
The most recent transaction is an insider sale by Hiebler Jessica M, the company’s Principal Accounting Officer. SEC filings show that Hiebler Jessica M sold 1,401 shares of the company’s common stock on Jun 27 ’24 at a price of $115.85 per share for a total of $0.16 million. Following the sale, the insider now owns 14198.0 shares.
T. Rowe Price Group Inc. disclosed in a document filed with the SEC on Jun 18 ’24 that Sawyer Dorothy C (VP) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Jun 18 ’24 and was made at $117.00 per share for $0.23 million. Following the transaction, the insider now directly holds 34710.0 shares of the TROW stock.
Still, SEC filings show that on Apr 29 ’24, MacLellan Robert F. (Director) disposed off 3,043 shares at an average price of $113.08 for $0.34 million. The insider now directly holds 34,635 shares of T. Rowe Price Group Inc. (TROW).
