2 weeks Ago By ABMN Staff
T. Rowe Price Group, Inc. ( NASDAQ:TROW – Get Free Report ) was the target of a significant growth in short interest in the month of September.
As of September 15th, there was short interest totalling 11,810,000 shares, a growth of 19.2% from the August 31st total of 9,910,000 shares. Currently, 5.
4% of the company’s shares are sold short. Based on an average daily volume of 1,110,000 shares, the short-interest ratio is currently 10.6 days.
Insider Buying and Selling In other news, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $104.
73, for a total transaction of $50,689.32. Following the transaction, the insider now owns 13,939 shares of the company’s stock, valued at approximately $1,459,831.
47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website . In related news, insider Jessica M.
Hiebler sold 484 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $104.73, for a total transaction of $50,689.
32. Following the transaction, the insider now directly owns 13,939 shares of the company’s stock, valued at approximately $1,459,831.47.
The transaction was disclosed in a document filed with the SEC, which can be accessed through this link . Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.
83, for a total value of $1,230,772.27. Following the completion of the sale, the vice president now directly owns 123,624 shares of the company’s stock, valued at approximately $12,712,255.
92. The disclosure for this sale can be found here . 2.
00% of the stock is currently owned by insiders. Institutional Investors Weigh In On T. Rowe Price Group A number of hedge funds have recently modified their holdings of the stock.
Lynx Investment Advisory bought a new stake in shares of T. Rowe Price Group in the second quarter valued at $29,000. Family Firm Inc.
bought a new stake in T. Rowe Price Group in the 2nd quarter valued at about $36,000. Versant Capital Management Inc raised its stake in T.
Rowe Price Group by 660.5% in the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 284 shares during the period.
EverSource Wealth Advisors LLC lifted its holdings in T. Rowe Price Group by 93.6% during the first quarter.
EverSource Wealth Advisors LLC now owns 331 shares of the asset manager’s stock valued at $40,000 after purchasing an additional 160 shares during the last quarter. Finally, Riverview Trust Co boosted its position in T. Rowe Price Group by 136.
4% during the second quarter. Riverview Trust Co now owns 357 shares of the asset manager’s stock worth $41,000 after purchasing an additional 206 shares during the period. Institutional investors own 73.
39% of the company’s stock. T. Rowe Price Group Trading Up 0.
1 % T. Rowe Price Group ( NASDAQ:TROW – Get Free Report ) last issued its quarterly earnings results on Friday, July 26th. The asset manager reported $2.
26 earnings per share for the quarter, missing analysts’ consensus estimates of $2.27 by ($0.01).
T. Rowe Price Group had a return on equity of 19.90% and a net margin of 28.
66%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.
79 billion. During the same period last year, the firm posted $2.02 earnings per share.
T. Rowe Price Group’s quarterly revenue was up 7.6% compared to the same quarter last year.
As a group, analysts forecast that T. Rowe Price Group will post 8.96 earnings per share for the current fiscal year.
T. Rowe Price Group Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a dividend of $1.
24 per share. The ex-dividend date was Friday, September 13th. This represents a $4.
96 annualized dividend and a dividend yield of 4.53%. T.
Rowe Price Group’s payout ratio is currently 58.91%. Wall Street Analysts Forecast Growth Several equities research analysts have recently commented on TROW shares.
Wells Fargo & Company started coverage on shares of T. Rowe Price Group in a research report on Thursday, September 12th. They set an “equal weight” rating and a $109.
00 target price for the company. Evercore ISI decreased their price objective on T. Rowe Price Group from $115.
00 to $108.00 and set an “in-line” rating for the company in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft raised their target price on T.
Rowe Price Group from $112.00 to $113.00 and gave the company a “hold” rating in a report on Thursday, August 15th.
Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $120.00 price target (down previously from $121.00) on shares of T.
Rowe Price Group in a report on Monday, July 29th. Finally, StockNews.com lowered T.
Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Monday, July 29th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.
com, the stock has an average rating of “Hold” and a consensus price target of $113.30. Get Our Latest Research Report on T.
Rowe Price Group About T. Rowe Price Group ( Get Free Report ) 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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