Approximately 7,667 Shares Of T. Rowe Price Group Inc. (TROW) Were Sold By This Insider.

T. Rowe Price Group Inc. (NASDAQ:TROW) finished Friday with an addition of $2.17 to close at $206.79, an upside of 1.06 percent. An average of 822,720 shares of common stock have been traded in the last five days. There was a gain of $7.03 in the past week, and it reached a new high 47 times over the past 12 months. The last 20 days have seen an average of 1,285,600 shares traded, while the 50-day average volume stands at 987,474.

TROW stock has decreased by -2.49% in the last month. The company shares reached their 1-month lowest point of $188.03 on 10/13/21. With the stock rallying to its 52-week high on 08/30/21, shares of the company touched a low of $123.03 and a high of $224.55 in 52 weeks. It has reached a new high 44 times so far this year and achieved 38.71% or $55.40 in price. In spite of this, the price is down -7.91% from the 52-week high.

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Insider Transactions

51 days have passed since T. Rowe Price Group Inc. (TROW) last reported insider trading activity. Page Sebastien, who is Vice President, most recently acquired $7,667 shares at $220.95 per share on Sep 02. In this transaction, the insider spent $1,694,003. CEO, Stromberg William J, disposed of 8,000 shares at a price of $211.17 on Aug 05. The insider now owns more than $1,689,398 worth of shares. Prior to that, Principal Accounting Officer Hiebler Jessica M went on to Sale 1,150 shares at $207.70 each on Aug 03. An amount of $238,860 was transacted.

Valuation Metrics

T. Rowe Price Group Inc. (TROW) has a trailing price-to-earnings (P/E) ratio of 16.30, which compares with the 20.50 for the broader industry and 13.15 for the sector. In the last five years, T. Rowe Price Group Inc.’s PE ratio has ranged between 20.36 and 9.807. The stock’s beta is 1.21. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.55, the price-to-book (PB) ratio at 5.94, and the price-to-cash flow ratio at 50.20.

T. Rowe Price Group Inc. pays a $4.32 dividend per share annually. It offers a dividend yield of 2.09%. The company has a payout ratio of 30.90%. The company’s most recent quarterly dividend payment took place on Sep. 29, and it was $1.08 a share, representing a down of -64.0% from $3.00 last year. Its dividend has been increased for the last 35 consecutive years with the latest decrease dividend $1.92 reported on Monday August 2 2021.Dividends have grown by 57.89% each year over the last three years.

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $2.75 billion compared to revenue of $6.21 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, T. Rowe Price Group Inc.’s return on assets was 27.20%. For the broader industry, ROE averaged 10.74 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $815.7 million in the quarter, while revenues of $749.4 million were grew 26.08%. The analyst consensus anticipated T. Rowe Price Group Inc.’s latest quarter earnings to come in at $3.21 per share, but it turned out to be $3.31, a 3.10% surprise. For the quarter, EBITDA amounted to $1.01 billion. At the end of the quarter ending June 29, T. Rowe Price Group Inc.’s stock balance sheet showed total debt was $138.5 million. Shareholders own equity worth $226.94 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at T. Rowe Price Group Inc. (TROW) price momentum. RSI 9-day as of the close on 22 October was 65.56%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.44%.

As of today, TROW’s price is $203.77 +3.52% or $7.03 from its 5-day moving average. TROW is currently trading -2.10% lower than its 20-day SMA and +7.22% higher than its 100-day SMA. However, the stock’s current price level is -4.08% below the SMA50 and +33.80% above the SMA200.

The stochastic %K and %D were 97.04% and 94.46%, respectively, and the average true range (ATR) was 4.11. With the 14-day stochastic at 96.35% and the average true range at 4.28, the RSI (14) stands at 57.08%. The stock has reached 5.80 on the 9-day MACD Oscillator while the 14-day reading was at 7.52.

Analyst Ratings

Evercore ISI downgraded T. Rowe Price Group Inc. (NASDAQ: TROW) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for T. Rowe Price Group Inc. (TROW) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell TROW, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is TROW’s price target for the next 12 months?

Analysts predict a range of price targets between $149.00 and $234.00, with a median target of $204.50. Taking a look at these predictions, the average price target given by analysts for T. Rowe Price Group Inc. (TROW) stock is $198.10.


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