T. Rowe Price Group Inc (NASDAQ: TROW) is 12.32% higher on its value in year-to-date trading and has touched a low of $97.50 and a high of $125.81 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 $121.71 in the last trading session, with the day’s loss setting it -0.75%.
Currently trading at $120.96, the stock is -0.59% and 4.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -0.62% at the moment leaves the stock 6.33% off its SMA200. TROW registered 21.74% gain for a year compared to 6-month gain of 3.77%. The firm has a 50-day simple moving average (SMA 50) of $115.8168 and a 200-day simple moving average (SMA200) of $113.71225.
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The stock witnessed a 2.45% loss in the last 1 month and extending the period to 3 months gives it a 15.68%, and is -2.99% 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 1.49% over the week and 1.53% over the month.
T. Rowe Price Group Inc (TROW) has around 7906 employees, a market worth around $26.87B and $6.91B in sales. Current P/E ratio is 13.25 and Fwd P/E is 13.00. Profit margin for the company is 29.55%. Distance from 52-week low is 24.06% and -3.85% from its 52-week high. The company has generated returns on investments over the last 12 months (19.24%).
The EPS is expected to grow by 23.43% this year
1440.0 institutions hold shares in T. Rowe Price Group Inc (TROW), with institutional investors hold 78.82% of the company’s shares. The shares outstanding are 222.14M, and float is at 217.03M with Short Float at 4.83%. Institutions hold 77.18% 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 Thomson Andrew Justin Mackenzi, the company’s Vice President. SEC filings show that Thomson Andrew Justin Mackenzi sold 4,047 shares of the company’s common stock on Dec 10 ’24 at a price of $123.35 per share for a total of $0.5 million. Following the sale, the insider now owns 0.12 million shares.
Still, SEC filings show that on Dec 10 ’24, Husain Arif (Officer) Proposed Sale 4,200 shares at an average price of $123.59 for $0.52 million. The insider now directly holds shares of T. Rowe Price Group Inc (TROW).
