Media stories about T. Rowe Price Group (NASDAQ:TROW) have trended positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. T. Rowe Price Group earned a coverage optimism score of 0.40 on Accern’s scale. Accern also gave news articles about the asset manager an impact score of 47.3380412131776 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Lookout Watch Unusual Volume Activity – T. Rowe Price Group, Inc. (TROW) – Wall Street Morning (wallstreetmorning.com)
- T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For January 2018 (finance.yahoo.com)
- T. Rowe Price assets top $1 trillion for first time (finance.yahoo.com)
- [$$] What Investors Need to Know About the New Tax Law (finance.yahoo.com)
- High-beta stock produce higher return: T. Rowe Price Group, Inc. (TROW) – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price target on the stock. in a research report on Friday, January 5th. UBS Group raised their price target on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Barclays raised their price target on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. Citigroup raised their price target on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Bank of America upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $113.00 to $125.00 in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $98.70.
T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Tuesday, January 30th. The asset manager reported $1.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.48 by $0.04. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. T. Rowe Price Group had a net margin of 31.07% and a return on equity of 25.30%. T. Rowe Price Group’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the firm posted $1.21 EPS. sell-side analysts expect that T. Rowe Price Group will post 6.91 EPS for the current fiscal year.
In related news, Director Freeman A. Hrabowski III sold 4,000 shares of T. Rowe Price Group stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $101.59, for a total value of $406,360.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William J. Stromberg sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 534,077 shares in the company, valued at $51,853,535.93. The disclosure for this sale can be found here. Over the last quarter, insiders sold 204,980 shares of company stock worth $20,776,729. 3.60% of the stock is currently owned by 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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