T. Rowe Price Group Inc. (NASDAQ: TROW) is 1.57% higher on its value in year-to-date trading and has touched a low of $87.43 and a high of $122.27 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 $107.46 in the last trading session, with the day’s gains setting it 1.92%.
Currently trading at $109.38, the stock is 3.19% and 0.91% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing 1.79% at the moment leaves the stock -2.08% off its SMA200. TROW registered 5.89% gain for a year compared to 6-month loss of -9.50%. The firm has a 50-day simple moving average (SMA 50) of $108.2178 and a 200-day simple moving average (SMA200) of $111.7556.
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The stock witnessed a 1.37% gain in the last 1 month and extending the period to 3 months gives it a -5.24%, and is -1.06% 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 1.84% over the week and 2.00% over the month.
T. Rowe Price Group Inc. (TROW) has around 7906 employees, a market worth around $24.35B and $6.80B in sales. Current P/E ratio is 12.92 and Fwd P/E is 12.12. Profit margin for the company is 27.91%. Distance from 52-week low is 25.11% and -10.54% from its 52-week high. The company has generated returns on investments over the last 12 months (18.41%).
T. Rowe Price Group Inc. quarterly earnings per share for the current quarter are estimated at 2.28 with sales reaching $1.83B over the same period.The EPS is expected to grow by 18.86% this year, but quarterly earnings will post 11.10% year-over-year. Quarterly sales are estimated to grow 7.60% in year-over-year returns.
1447.0 institutions hold shares in T. Rowe Price Group Inc. (TROW), with institutional investors hold 76.87% of the company’s shares. The shares outstanding are 223.94M, and float is at 217.58M with Short Float at 5.43%. Institutions hold 75.28% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.83 million shares valued at $2.98 billion. The investor’s holdings represent 11.5498 of the TROW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.65 million shares valued at $2.27 billion to account for 8.7899 of the shares outstanding. The other top investors are STATE STREET CORP which holds 14.83 million shares representing 6.6333 and valued at over $1.71 billion, while CHARLES SCHWAB INVESTMENT MANAGEMENT INC holds 2.956 of the shares totaling 6.61 million with a market value of $762.14 million.
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 484 shares of the company’s common stock on Sep 13 ’24 at a price of $104.73 per share for a total of $50689.0. Following the sale, the insider now owns 13939.0 shares.
Still, SEC filings show that on Sep 06 ’24, Thomson Andrew Justin Mackenzi (Vice President) disposed off 11,969 shares at an average price of $102.83 for $1.23 million. The insider now directly holds 123,624 shares of T. Rowe Price Group Inc. (TROW).
