Is T. Rowe Price Group Inc. (NASDAQ: TROW) Still On The Rise?

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. Yahoo Finance discussed the stock recently as it posted OHA is the Left Lead Arranger of STV’s Private Unitranche Financing.

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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 $27.03B. A total of 1.35 million shares were traded on the day, compared to an average of 1.41M shares.

In the most recent transaction, HRABOWSKI FREEMAN A III sold 8,740 shares of TROW for 118.32 per share on Mar 08 ’24. After the transaction, the Director now owns 21,073 company shares. In a previous transaction on Feb 09 ’24, Hiebler Jessica M sold 1,138 shares at 107.13 per share. TROW shares that Principal Accounting Officer owns now total 14,113.

Among the insiders who sold shares, Thomson Andrew Justin Mackenzi disposed of 11,969 shares on Dec 18 ’23 at a per-share price of $105.91. This resulted in the Vice President holding 123,624 shares of TROW after the transaction. In another insider transaction, Higginbotham Robert C.T. sold 5,977 shares at $99.41 per share on Dec 12 ’23. Company shares held by the Vice President now total 32,185.

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 $4.90, resulting in a dividend yield of 4.05%, and it has a price to earnings (P/E) ratio of 15.58. TROW’s most recent ex-dividend date was 3/14/2024 when it declared a $1.24 quarterly dividend that was paid in cash on 3/28/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. 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. 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 $1.94 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $2.15 per share and a lower estimate of $1.79. The company reported an EPS of $2.17 in the last quarter, which was 21.90% higher than expectations of $1.78.

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 $42.45, 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.

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