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

News headlines about T. Rowe Price Group (NASDAQ:TROW) have trended positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. T. Rowe Price Group earned a media sentiment score of 0.43 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 46.3508171463703 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s scoring:

T. Rowe Price Group (NASDAQ:TROW) traded down 0.40% during trading on Thursday, hitting $82.85. 2,025,298 shares of the stock traded hands. The firm has a 50-day moving average price of $78.88 and a 200 day moving average price of $72.71. The company has a market cap of $19.91 billion, a P/E ratio of 14.23 and a beta of 1.24. T. Rowe Price Group has a 52-week low of $62.97 and a 52-week high of $85.42.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities analysts expect that T. Rowe Price Group will post $5.65 EPS for the current year.

Several analysts have recently commented on the stock. UBS AG reiterated a “sell” rating and issued a $63.00 target price (up previously from $62.00) on shares of T. Rowe Price Group in a report on Friday, July 14th. Citigroup Inc. increased their target price on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, July 26th. TheStreet upgraded shares of T. Rowe Price Group from a “c+” rating to a “b-” rating in a report on Friday, April 28th. Zacks Investment Research upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a report on Wednesday, June 28th. Finally, BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. T. Rowe Price Group has an average rating of “Hold” and an average price target of $77.90.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.tickerreport.com/banking-finance/2799744/t-rowe-price-group-trow-getting-favorable-media-coverage-report-finds.html.

In related news, insider David Oestreicher sold 10,394 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the completion of the sale, the insider now directly owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total transaction of $682,981.78. Following the completion of the sale, the director now directly owns 28,982 shares of the company’s stock, valued at $2,377,393.46. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

T. Rowe Price Group Company Profile

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.

Insider Buying and Selling by Quarter for T. Rowe Price Group (NASDAQ:TROW)

Receive News & Ratings for T. Rowe Price Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.