After Hours
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. 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 -$0.01, or -0.01%, to $110.48. The T. Rowe Price Group Inc. has recorded 80,990 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR DECEMBER 2023.
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Stocks Info
This NASDAQ-listed company operates within the Asset Management industry segment, falling under the Financial sector. The current market capitalization of T. Rowe Price Group Inc. is $24.69B. A total of 2.41 million shares were traded on the day, compared to an average of 1.58M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, TROW has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 8,182 and the disposition of 15,000 shares. Over the last 12 months, there were 57 BUYs and 21 SELLs from insiders. Insiders purchased 141,881 shares during that period but sold 80,212.
In the most recent transaction, Thomson Andrew Justin Mackenzi sold 11,969 shares of TROW for 105.91 per share on Dec 18. After the transaction, the Vice President now owns 123,624 company shares. In a previous transaction on Dec 12, Higginbotham Robert C.T. sold 5,977 shares at 99.41 per share. TROW shares that Vice President owns now total 32,185.
Among the insiders who sold shares, Thomson Andrew Justin Mackenzi disposed of 5,812 shares on Dec 08 at a per-share price of $98.71. This resulted in the Vice President holding 123,624 shares of TROW after the transaction. In another insider transaction, Higginbotham Robert C.T. sold 5,374 shares at $98.71 per share on Dec 08. Company shares held by the Vice President now total 38,162.
Dividend
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. T. Rowe Price Group Inc. pays an annual dividend of $4.86, resulting in a dividend yield of 4.40%, and it has a price to earnings (P/E) ratio of 15.75. TROW’s most recent ex-dividend date was 12/14/2023 when it declared a $1.22 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/28/2023 with an ex-dividend date of 9/14/2023. The TROW stock dividend was $1.22 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TROW in the last 3 months, the mean price target is $98.92 with high estimates of $110.00 and low estimates of $85.00. In terms of 52-week highs and lows, TROW has a high of $132.76 and a low of $87.43.
As of this writing, TROW has an earnings estimate of $Harrow, Inc. per share for the current quarter. EPS was calculated based on a consensus of T. Rowe Price Group, Inc. estimates, with a high estimate of $Tronox Holdings plc per share and a lower estimate of $U.S. Global Investors, Inc.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. 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 $42.05, while its Total Shareholder’s Equity was $10.25B.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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 2.08.
