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Saturday, June 3, 2023

Is T. Rowe Price Group Inc. (NASDAQ: TROW) No Longer A Good Investment?

After Hours

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. 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 -$0.005, or 0.00%, to $105.84. The T. Rowe Price Group Inc. has recorded 246,226 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR APRIL 2023.

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Stocks Info

TROW belongs to the Financial sector of the NASDAQ while operating in the Asset Management industry. At the end of the last regular session, the stock closed at $105.85 and fluctuated between $107.78 as its day high and $104.45 as its day low. The current market capitalization of T. Rowe Price Group Inc. is $23.37B. A total of 1.27 million shares were traded on the day, compared to an average of 1.60M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TROW has seen 17 BUY and 8 SELL insider trades, representing the acquisition of 82,019 and the disposition of 28,490 shares. Over the last 12 months, there were 100 BUYs and 44 SELLs from insiders. Insiders purchased 360,243 shares during that period but sold 243,283.

In the most recent transaction, Hiebler Jessica M sold 1,881 shares of TROW for 106.66 per share on May 03. After the transaction, the Principal Accounting Officer now owns 11,628 company shares. In a previous transaction on Feb 21, Thomson Andrew Justin Mackenzi sold 11,969 shares at 114.52 per share. TROW shares that Vice President owns now total 129,436.

Among the insiders who sold shares, McCormick Andrew C. disposed of 14,154 shares on Feb 10 at a per-share price of $116.73. This resulted in the Vice President holding 70,319 shares of TROW after the transaction. In another insider transaction, Thomson Andrew Justin Mackenzi sold 6,974 shares at $120.48 per share on Dec 09. Company shares held by the Vice President now total 129,436.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. T. Rowe Price Group Inc. pays an annual dividend of $4.88, resulting in a dividend yield of 4.61%, and it has a price to earnings (P/E) ratio of 17.36. TROW’s most recent ex-dividend date was when it declared a $1.22 quarterly dividend that was paid in cash on 6/29/2023. Previously, the company paid the dividend on 3/30/2023 with an ex-dividend date of 3/14/2023. The TROW stock dividend was $1.22 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TROW in the last 3 months, the mean price target is $90.15 with high estimates of $108.00 and low estimates of $68.00. In terms of 52-week highs and lows, TROW has a high of $134.64 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 11 estimates, with a high estimate of $1.85 per share and a lower estimate of $1.59. The company reported an EPS of $1.74 in the last quarter, which was 2.40% higher than expectations of $1.7.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TROW’s latest balance sheet shows that the firm has $1.52B in Cash & Short Term Investments as of fiscal 2021. There were $249.20M in debt and $508.90M in liabilities at the time. Its Book Value Per Share was $40.31, while its Total Shareholder’s Equity was $10.26B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 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 Buy with a score of 2.33.

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