Thomson Andrew Justin Mackenzi Acquires T. Rowe Price Group Inc. (TROW) Shares

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T. Rowe Price Group Inc. (NASDAQ:TROW) traded with a subtraction of -$2.37 to $107.68 on Thursday, a downside of -2.15 percent. An average of 2,144,568 shares of common stock have been traded in the last five days. There was a fall of -$4.59 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,819,802 shares traded, while the 50-day average volume stands at 1,563,069.

TROW stock has decreased by -11.09% in the last month. The company shares reached their 1-month lowest point of $107.37 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $104.72 and a high of $223.36 in 52 weeks. It has reached a new high 1 time so far this year and lost -44.03% or -$89.15 in price. In spite of this, the price is down -51.79% from the 52-week high.


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Insider Transactions

49 days have passed since T. Rowe Price Group Inc. (TROW) last reported insider trading activity. Thomson Andrew Justin Mackenzi, who is Vice President, most recently acquired $11,891 shares at $126.91 per share on Aug 04. In this transaction, the insider spent $1,509,097. Principal Accounting Officer, Hiebler Jessica M, disposed of 959 shares at a price of $124.57 on Aug 02. The insider now owns more than $119,466 worth of shares. Prior to that, Principal Accounting Officer Hiebler Jessica M went on to Sale 730 shares at $125.00 each on May 02. An amount of $91,253 was transacted.

Valuation Metrics

T. Rowe Price Group Inc. (TROW) has a trailing price-to-earnings (P/E) ratio of 10.62. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.47, the price-to-book (PB) ratio at 2.78, and the price-to-cash flow ratio at 18.27.

The company has a payout ratio of 32.20%. The company’s most recent quarterly dividend payment was $1.20 a share, without any change from last year. Its latest increase dividend $0.12 reported on Tuesday February 8 2022.

Financial Health

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 $3.71 billion compared to revenue of $7.67 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 19.70%.

Earnings Surprise

In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $339.6 million in the quarter, while revenues of $567.9 million were shrunk -140.19%. The analyst consensus anticipated T. Rowe Price Group Inc.’s latest quarter earnings to come in at $2.16 per share, but it turned out to be $1.79, a -17.10% surprise. For the quarter, EBITDA amounted to $776.1 million. At the end of the quarter ending June 29, T. Rowe Price Group Inc.’s stock balance sheet showed total debt was $307.0 million. Shareholders own equity worth $225.69 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 21 September was 27.60%, suggesting the stock is oversold, with historical volatility in this time frame at 39.51%.

As of today, TROW’s price is $110.68 -4.10% or -$4.59 from its 5-day moving average. TROW is currently trading -13.88% lower than its 20-day SMA and -12.64% lower than its 100-day SMA. However, the stock’s current price level is -3.62% below the SMA50 and -45.53% below the SMA200.

The stochastic %K and %D were 10.38% and 17.54%, respectively, and the average true range (ATR) was 3.78. With the 14-day stochastic at 0.66% and the average true range at 3.75, the RSI (14) stands at 32.06%. The stock has reached -3.67 on the 9-day MACD Oscillator while the 14-day reading was at -6.32.

Analyst Ratings

UBS downgraded T. Rowe Price Group Inc. (NASDAQ: TROW) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for T. Rowe Price Group Inc. (TROW) among analysts is Underweight. According to current brokerage recommendations, 4 brokerage firms advise that investors sell TROW, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 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 $84.00 and $138.00, with a median target of $111.00. Taking a look at these predictions, the average price target given by analysts for T. Rowe Price Group Inc. (TROW) stock is $107.80.

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