T. Rowe Price Group (NASDAQ:TROW - Get Free Report) is expected to post its Q1 2025 quarterly earnings results before the market opens on Friday, May 2nd. Analysts expect T. Rowe Price Group to post earnings of $2.15 per share and revenue of $1.80 billion for the quarter.
T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. During the same quarter in the previous year, the company earned $1.72 EPS. On average, analysts expect T. Rowe Price Group to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
T. Rowe Price Group Trading Up 3.3 %
Shares of T. Rowe Price Group stock opened at $89.52 on Friday. The firm has a market capitalization of $19.90 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. T. Rowe Price Group has a 12 month low of $77.85 and a 12 month high of $125.81. The business's fifty day simple moving average is $94.00 and its 200 day simple moving average is $107.83.
T. Rowe Price Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a dividend of $1.27 per share. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.24. T. Rowe Price Group's dividend payout ratio is currently 55.46%.
Insider Transactions at T. Rowe Price Group
In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total value of $449,318.24. Following the transaction, the vice president now owns 36,800 shares of the company's stock, valued at approximately $4,021,136. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert F. Maclellan sold 3,955 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the completion of the transaction, the director now owns 42,979 shares in the company, valued at $3,935,157.24. This trade represents a 8.43 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Analysts Set New Price Targets
TROW has been the subject of a number of recent analyst reports. StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. TD Cowen lowered their price target on shares of T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group decreased their price target on T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. cut their price target on shares of T. Rowe Price Group from $110.00 to $90.00 and set an "underweight" rating on the stock in a report on Wednesday, April 16th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $96.00.
Check Out Our Latest Report on TROW
About T. Rowe Price Group
(
Get Free Report)
T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.
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