Investors’ Patience Is Being Tested Right Now By T. Rowe Price Group Inc. (NASDAQ: TROW)

After Hours

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. Yahoo Finance discussed the stock recently as it posted OHA is a Joint Lead Arranger of the Private Unitranche Financing for HGGC’s Acquisition of Rimkus Consulting Group.

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Stocks Info

T. Rowe Price Group Inc. is listed on the NASDAQ as a member of the Financial sector and is a part of the Asset Management industry. The current market capitalization of T. Rowe Price Group Inc. is $26.50B. A total of 0.8 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

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. T. Rowe Price Group Inc. pays an annual dividend of $4.90, resulting in a dividend yield of 4.14%, and it has a price to earnings (P/E) ratio of 15.27. 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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 $1.95 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $2.16 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

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $42.45, while its Total Shareholder’s Equity was $10.25B.

Analysts Opinion

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. 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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