As of Friday close, T. Rowe Price Group Inc.’s (NASDAQ:TROW) stock was up $0.02, moving up 0.02 percent to $108.17. The average number of shares traded per day over the past five days has been 3,981,320 shares. 3 times new highs have been achieved over the past 5 days, with a $3.14 gain in that time frame. In the last twenty days, the average volume was 2,196,405, while in the previous 50 days, it was 1,846,396.
Since last month, TROW stock retreated -11.36%. Shares of the company fell to $102.25 on 03/13/23, the lowest level in the past month. A 52-week high of $157.77 was reached on 02/02/23 after having rallying from a 52-week low of $93.53. Since the beginning of this year, TROW’s stock price has dropped by -0.82% or -$0.89, and marked a new high 9 times. However, the stock has declined by -31.44% since its 52-week high.
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Sponsored
TROW stock investors should be aware that T. Rowe Price Group Inc. (TROW) stock had its last reported insider trading activity 25 days ago on Feb 21. Thomson Andrew Justin Mackenzi, the Vice President of the company, disposed of 11,969 shares for $114.52 on Feb 21. It resulted in a $1,370,749 divestment by the insider. McCormick Andrew C. sold 14,154 shares at an average price of $116.73 on Feb 10. The insider now owns 70,319 shares following the transaction. On Dec 09, Vice President Thomson Andrew Justin Mackenzi sold 6,974 shares at $120.48 apiece. The transaction was valued at $840,221.
Valuation Metrics
Right now, T. Rowe Price Group Inc. (TROW) has a P/E ratio of about 16.18. The stock’s beta is 1.32. Besides these, the trailing price-to-sales (P/S) ratio of 3.97, the price-to-book (PB) ratio of 2.74, and the price-to-cash flow ratio of 25.36 may also be considered.
The latest dividend of $1.22 per share was paid out, which is 1.67% more than last year’s $1.20. On Tuesday February 7 2023, a $0.02 dividend increase was announced.
Financial Health
In the year ended December 30, operating margins totaled 36.60%. Based on annual data, TROW earned $2.37 billion in gross profit and brought in $6.49 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.20%. Return on equity (ROE) for the past 12 months was 17.00%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. TROW’s revenue fell -28.7% to $1.59 billion during the quarter, while net income inched up to $1.52 billion. While analysts expected T. Rowe Price Group Inc. to report $1.7 quarterly earnings, the actual figure was $1.74 per share, beating the consensus estimate by 2.40%. During the quarter, the company generated $574.5 million in EBITDA. The value of shareholders’ equity is $224.4 million.
Technical Picture
This quick technical analysis looks at T. Rowe Price Group Inc.’s (TROW) price momentum. With a historical volatility rate of 35.49%, the RSI 9-day stood at 40.97% on 17 March.
With respect to its five-day moving average, the current T. Rowe Price Group Inc. price is up by +2.99% percent or $3.14. At present, TROW shares trade -9.16% below its 20-day simple moving average and +5.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately -2.86% below its SMA50 and -14.89% below its SMA200.
Stochastic coefficient K was 40.68% and Stochastic coefficient D was 36.74%, while ATR was 4.20. Given the Stochastic reading of 44.51% for the 14-day period, the RSI (14) reading has been calculated as 41.53%. As of today, the MACD Oscillator reading stands at -0.84, while the 14-day reading stands at -2.28.
Analyst Ratings
Wells Fargo launched its rating on T. Rowe Price Group Inc. (NASDAQ: TROW) to an Equal weight in a note to investors on December 15, 2022. T. Rowe Price Group Inc. (TROW) has been rated Underweight by analysts. According to 6 brokerage firms, TROW is a sell, and 8 firms recommend it is a Hold. There are 2 analysts who say the stock is underweight. A total of 0 analysts rate T. Rowe Price Group Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $95.00, the current consensus forecast for the stock is $65.00 – $122.00. Based on these forecasts, analysts predict T. Rowe Price Group Inc. (TROW) will achieve an average price target of $93.00.