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Wednesday, February 1, 2023

Insights Into T. Rowe Price Group Inc. (TROW) Exposure By Institutions

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for T. Rowe Price Group Inc. (TROW) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.21, or -1.06%, to $112.79. The T. Rowe Price Group Inc. has recorded 45,748 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that T. ROWE PRICE ADDS NEW HEAD OF GLOBAL SEPARATELY MANAGED ACCOUNT OFFERING.

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Stocks Info

T. Rowe Price Group Inc. is listed on the NASDAQ in the Financial sector while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $114.00 and fluctuated between $115.68 as its day high and $113.07 as its day low. The current market capitalization of T. Rowe Price Group Inc. is $25.70B. A total of 1.05 million shares were traded on the day, compared to an average of 1.91M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, TROW has seen 22 BUY and 20 SELL insider trades, representing the acquisition of 128,387 and the disposition of 87,190 shares. Over the last 12 months, there were 82 BUYs and 40 SELLs from insiders. Insiders purchased 234,809 shares during that period but sold 167,030.

In the most recent transaction, Higginbotham Robert C.T. sold 6,619 shares of TROW for 120.48 per share on Dec 09. After the transaction, the Vice President now owns 70,465 company shares. In a previous transaction on Dec 09, Thomson Andrew Justin Mackenzi sold 6,974 shares at 120.48 per share. TROW shares that Vice President owns now total 129,436.

Among the insiders who sold shares, Stromberg William J disposed of 10,000 shares on Nov 11 at a per-share price of $124.15. This resulted in the Non-Executive COB holding 41,000 shares of TROW after the transaction. In another insider transaction, Thomson Andrew Justin Mackenzi sold 11,891 shares at $126.91 per share on Aug 04. Company shares held by the Vice President now total 136,410.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. T. Rowe Price Group Inc. pays an annual dividend of $4.80, resulting in a dividend yield of 4.21%, and it has a price to earnings (P/E) ratio of 13.09. TROW’s most recent ex-dividend date was 12/15/2022 when it declared a $1.20 quarterly dividend that was paid in cash on 12/29/2022. Previously, the company paid the dividend on 9/29/2022 with an ex-dividend date of 9/14/2022. The TROW stock dividend was $1.20 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for TROW in the last 3 months, the mean price target is $99.00 with high estimates of $121.00 and low estimates of $70.00. In terms of 52-week highs and lows, TROW has a high of $172.89 and a low of $93.53.

As of this writing, TROW has an earnings estimate of $1.69 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $1.89 per share and a lower estimate of $1.58. The company reported an EPS of $1.79 in the last quarter, which was -17.10% lower than expectations of $2.16.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 16 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TROW is Underweight with a score of 2.27. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 6 thought it should be Sold.

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