Economy

Rowe Price Group, Inc. Declares Quarterly Dividend of $0.57 (TROW)

Westpac Corporation has 0% invested in T. Rowe Price Group Inc (NASDAQ:TROW). (NASDAQ:TROW) announced a quarterly dividend on Wednesday, October 25th, RTT News reports. Three equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. Carderock Capital Management Inc sold 2,092 shares as Apple Computer (AAPL)'s stock rose 12.78%. Analysts are projecting the stock to trade at 108.02 within the next 12-18 months.

T. Rowe Price Group Inc has a 52 week low of $62.97 and a 52 week high of $97.35 with a P/E ratio of 16.29 The company's market cap is now $0. The stock is a Buy among 4 brokerage firms polled by Factset Research. Citigroup maintained the shares of TROW in report on Wednesday, July 27 with "Neutral" rating. The stock of T. Rowe Price Group Inc (NASDAQ:TROW) has "Neutral" rating given on Friday, October 2 by UBS. Below is a list of T. Rowe Price Group Inc (NASDAQ:TROW) latest ratings and price target changes.

Shares of T. Rowe Price Group (TROW) traded down 1.38% during midday trading on Wednesday, reaching $95.15. The 52-week high is now $96.86, and the 52-week low is presently $63.21. The company has a market capitalization of $22.87 billion, a PE ratio of 16.34 and a beta of 1.25. The 50 day moving average moved up $7.48 and the 200 day average went up by +21.90%.

T. Rowe Price Group (TROW) revealed earnings for its third quarter that rose from previous year. Analysts are forecasting earnings of $1.44 on a per share basis this quarter.

The company said revenue for the quarter rose 11.9% to $1.22 billion. The company reported $0.76 EPS for the quarter, beating the Zacks' consensus estimate of $0.72 by $0.04.

In addition to ValuEngine reporting its stock price target, a total of 16 analysts have released a report on T. Rowe Price Group Inc. The company recently declared a dividend for shareholders paid on Thursday June 29th, 2017. Stockholders of record on Thursday, September 14th were given a $0.57 dividend. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark law. (NASDAQ:TROW) Cheap From Peers? The shares were sold at an average price of $84.29, for a total value of $84,290.00. The shares were sold at an average price of $82.03, for a total transaction of $682,981.78. The latest exchange of 1.77 Million shares is above its average trading activity of 1.31 Million shares. In terms of recent volatility, the average for the month is 1.26% and 1.08% for the past week. Institutional investors own 69.64% of the company's stock. The disclosure for this sale can be found here. Over the last quarter, shares have performed 15.10%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BidaskClub lowered shares of T. Rowe Price Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, August 1st. Mawer Investment Mngmt has 0.05% invested in T. Rowe Price Group Inc (NASDAQ:TROW). The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/10/26/t-rowe-price-group-inc-declares-quarterly-dividend-of-0-57-trow.html. Westwood Holdings Group Inc.'s holdings in T. Rowe Price Group were worth $2,625,000 as of its most recent filing with the SEC. Sheets Smith Wealth Management boosted its position in T. Rowe Price Group by 0.7% during the 2nd quarter. Bank of Montreal Can acquired a new position in shares of T. Rowe Price Group during the second quarter valued at $68,389,000.

T. Rowe Price Group, Inc is a financial services holding company. The Firm provides global investment management services through its subsidiaries to investors across the world.



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