T. Rowe Price Group (TROW) Getting Somewhat Positive Media Coverage, Report Finds

News stories about T. Rowe Price Group (NASDAQ:TROW) have trended somewhat positive on Friday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. T. Rowe Price Group earned a news sentiment score of 0.56 on their scale. InfoTrie also assigned news headlines about the asset manager an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.

These are some of the media headlines that may have impacted T. Rowe Price Group’s analysis:

A number of equities research analysts have issued reports on TROW shares. Zacks Investment Research lowered shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Deutsche Bank cut their price objective on shares of T. Rowe Price Group from $136.00 to $135.00 and set a “buy” rating for the company in a report on Thursday, August 16th. BidaskClub lowered shares of T. Rowe Price Group from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. UBS Group cut their price objective on shares of T. Rowe Price Group from $127.00 to $121.00 and set a “neutral” rating for the company in a report on Monday, October 8th. Finally, Morgan Stanley increased their price objective on shares of T. Rowe Price Group from $116.00 to $118.00 and gave the company a “hold” rating in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. T. Rowe Price Group presently has an average rating of “Hold” and an average target price of $109.89.

TROW opened at $97.87 on Friday. T. Rowe Price Group has a 1 year low of $91.48 and a 1 year high of $127.43. The stock has a market capitalization of $22.83 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.08 and a beta of 1.21.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Thursday, October 25th. The asset manager reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a return on equity of 29.52% and a net margin of 33.98%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the firm earned $1.56 earnings per share. As a group, equities research analysts expect that T. Rowe Price Group will post 7.37 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.70 per share. The ex-dividend date is Thursday, December 13th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.86%. T. Rowe Price Group’s payout ratio is 51.57%.

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About T. Rowe Price Group

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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