As of Wednesday close, T. Rowe Price Group Inc.’s (NASDAQ:TROW) stock was down -$0.11, moving down -0.10 percent to $111.63. The average number of shares traded per day over the past five days has been 954,260 shares. 2 times new highs have been achieved over the past 5 days, with a $1.26 gain in that time frame. In the last twenty days, the average volume was 1,249,975, while in the previous 50 days, it was 1,372,834.
Since last month, TROW stock retreated -7.81%. Shares of the company fell to $106.46 on 08/21/23, the lowest level in the past month. A 52-week high of $134.64 was reached on 07/28/23 after having rallying from a 52-week low of $93.53. Since the beginning of this year, TROW’s stock price has risen by 2.36% or $2.57, and marked a new high 10 times. However, the stock has declined by -17.09% since its 52-week high.
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TROW stock investors should be aware that T. Rowe Price Group Inc. (TROW) stock had its last reported insider trading activity 120 days ago on May 03. Hiebler Jessica M, the Principal Accounting Officer of the company, disposed of 1,881 shares for $106.66 on May 03. It resulted in a $200,627 divestment by the insider. Thomson Andrew Justin Mackenzi sold 11,969 shares at an average price of $114.52 on Feb 21. The insider now owns 129,436 shares following the transaction. On Feb 10, Vice President McCormick Andrew C. sold 14,154 shares at $116.73 apiece. The transaction was valued at $1,652,130.
Valuation Metrics
Right now, T. Rowe Price Group Inc. (TROW) has a P/E ratio of about 16.65. The stock’s beta is 1.33. Besides these, the trailing price-to-sales (P/S) ratio of 3.99, the price-to-book (PB) ratio of 2.70, and the price-to-cash flow ratio of 19.35 may also be considered.
The latest dividend of $1.22 per share was paid out, remained unchanged from last year’s $1.22.
Financial Health
In the year ended June 29, operating margins totaled 29.40%. 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 21.00%. Return on equity (ROE) for the past 12 months was 16.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TROW’s revenue rose 6.04% to $1.54 billion during the quarter, while net income inched up to $1.61 billion. While analysts expected T. Rowe Price Group Inc. to report $1.73 quarterly earnings, the actual figure was $2.02 per share, beating the consensus estimate by 16.80%. During the quarter, the company generated $642.3 million in EBITDA. The value of shareholders’ equity is $224.29 million.
Technical Picture
This quick technical analysis looks at T. Rowe Price Group Inc.’s (TROW) price momentum. With a historical volatility rate of 16.63%, the RSI 9-day stood at 51.76% on 30 August.
With respect to its five-day moving average, the current T. Rowe Price Group Inc. price is up by +1.14% percent or $1.26. At present, TROW shares trade -5.82% below its 20-day simple moving average and +2.21% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.73% below its SMA50 and -10.45% below its SMA200.
Stochastic coefficient K was 58.72% and Stochastic coefficient D was 46.73%, while ATR was 2.23. Given the Stochastic reading of 74.39% for the 14-day period, the RSI (14) reading has been calculated as 48.06%. As of today, the MACD Oscillator reading stands at 1.72, while the 14-day reading stands at 1.39.
Analyst Ratings
Citigroup launched its rating on T. Rowe Price Group Inc. (NASDAQ: TROW) to a Sell in a note to investors on May 19, 2023. T. Rowe Price Group Inc. (TROW) has been rated Underweight by analysts. According to 6 brokerage firms, TROW is a sell, and 7 firms recommend it is a Hold. There are 1 analyst 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 $107.50, the current consensus forecast for the stock is $82.00 – $123.00. Based on these forecasts, analysts predict T. Rowe Price Group Inc. (TROW) will achieve an average price target of $104.58.
