T. Rowe Price Group (TROW) Given Coverage Optimism Rating of 0.40
Media coverage about T. Rowe Price Group (NASDAQ:TROW) has trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. T. Rowe Price Group earned a media sentiment score of 0.40 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 46.9133458616873 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- T. Rowe Price Group Inc (TROW) Expected to Announce Quarterly Sales of $1.29 Billion (americanbankingnews.com)
- Investment firms suffered website outages today (finance.yahoo.com)
- [$$] Investment Firms Suffer Website Outages (finance.yahoo.com)
- $1.72 Earnings Per Share Expected for T. Rowe Price Group Inc (TROW) This Quarter (americanbankingnews.com)
- This Morning’s Technical Outlook on Asset Management Stocks — T.Rowe Price, Bank of New York Mellon, Blackstone, and Carlyle (bizjournals.com)
T. Rowe Price Group (NASDAQ:TROW) opened at $106.52 on Thursday. The stock has a market cap of $25,810.00, a price-to-earnings ratio of 17.84, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. T. Rowe Price Group has a 12 month low of $66.70 and a 12 month high of $120.07.
A number of equities analysts have recently commented on the stock. Citigroup lifted their target price on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. ValuEngine raised shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub cut shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price objective on the stock. in a research note on Friday, January 5th. Finally, UBS Group raised shares of T. Rowe Price Group from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $75.00 to $110.00 in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. T. Rowe Price Group has a consensus rating of “Hold” and an average price target of $98.70.
In other T. Rowe Price Group news, CFO Kenneth V. Moreland sold 14,419 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $97.07, for a total transaction of $1,399,652.33. Following the sale, the chief financial officer now directly owns 125,264 shares in the company, valued at approximately $12,159,376.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Stromberg sold 30,000 shares of the business’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $97.09, for a total transaction of $2,912,700.00. Following the sale, the chief executive officer now owns 534,077 shares in the company, valued at $51,853,535.93. The disclosure for this sale can be found here. Insiders have sold a total of 204,980 shares of company stock worth $20,776,729 over the last 90 days. Insiders own 3.60% of the company’s stock.
About T. Rowe Price Group
T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.
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