T. Rowe Price Group Inc. [NASDAQ: TROW] gained 0.01% or 0.01 points to close at $132.07 with a heavy trading volume of 986658 shares. On July 13, the company in a press release updated the initial month-end assets under the management of $1.22 trillion by the end of June 30, 2020.
T. Rowe mentioned that the mutual funds collected from client transfers were around $1.1 billion, which included trusts and separate accounts during June 2020. Whereas, the company reported total mutual funds transfers of almost $4.4 billion for the Q2 that ended on June 30, 2020. With the following client transfers, the company reported a total of $8.8 billion for the year-to-date period ended on June 30. Moreover, these clients transfer to the target-date retirement trusts during June, quarter-to-date, and year-to-date included transfers worth $1.0 billion, $1.7 billion, and $5.8 billion, respectively.
It opened the trading session at $130.93, the shares rose to $133.205 and dropped to $130.93, the range by which the price of stock traded the whole day. The daily chart for TROW points out that the company has recorded 1.48% gains over the past six months. However, it is still -60.07% lower than its most recent low trading price.
If we look at the average trading volume of 1.28M shares, TROW reached to a volume of 986658 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about T. Rowe Price Group Inc. [TROW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TROW shares is $128.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TROW stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for T. Rowe Price Group Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on March 24, 2020. The new note on the price target was released on January 02, 2020, representing the official price target for T. Rowe Price Group Inc. stock. On March 08, 2019, analysts increased their price target for TROW shares from 102 to 107.
The Average True Range (ATR) for T. Rowe Price Group Inc. is set at 3.46, with the Price to Sales ratio for TROW stock in the period of the last 12 months amounting to 5.04. The Price to Book ratio for the last quarter was 4.81, with the Price to Cash per share for the same quarter was set at 7.11. Price to Free Cash Flow for TROW in the course of the last twelve months was 37.95.
Trading performance analysis for TROW stock
T. Rowe Price Group Inc. [TROW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.52. With this latest performance, TROW shares gained by 5.77% in over the last four-week period, additionally plugging by 1.48% over the last 6 months – not to mention a rise of 21.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TROW stock in for the last two-week period is set at 64.71, with the RSI for the last a single of trading hit 69.75, and the three-weeks RSI is set at 61.30 for T. Rowe Price Group Inc. [TROW]. The present Moving Average for the last 50 days of trading for this stock 121.68, while it was recorded at 130.03 for the last single week of trading, and 118.61 for the last 200 days.
T. Rowe Price Group Inc. [TROW]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and T. Rowe Price Group Inc. [TROW] shares currently have an operating margin of +45.50 and a Gross Margin at +83.47. T. Rowe Price Group Inc.’s Net Margin is presently recorded at +36.95.
Return on Total Capital for TROW is now 33.56, given the latest momentum, and Return on Invested Capital for the company is 31.11. Return on Equity for this stock inclined to 31.39, with Return on Assets sitting at 23.98. When it comes to the capital structure of this company, T. Rowe Price Group Inc. [TROW] has a Total Debt to Total Equity ratio set at 2.06. Additionally, TROW Total Debt to Total Capital is recorded at 2.02, with Total Debt to Total Assets ending up at 1.54. Long-Term Debt to Equity for the company is recorded at 1.69, with the Long-Term Debt to Total Capital now at 1.65.
Reflecting on the efficiency of the workforce at the company, T. Rowe Price Group Inc. [TROW] managed to generate an average of $281,874 per employee. Receivables Turnover for the company is 13.48 with a Total Asset Turnover recorded at a value of 0.65.
T. Rowe Price Group Inc. [TROW]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, T. Rowe Price Group Inc. posted 2.03/share EPS, while the average EPS was predicted by analysts to be reported at 1.91/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TROW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for T. Rowe Price Group Inc. go to -0.89%.
An analysis of insider ownership at T. Rowe Price Group Inc. [TROW]
There are presently around $21,702 million, or 73.20% of TROW stock, in the hands of institutional investors. The top three institutional holders of TROW stocks are: VANGUARD GROUP INC with ownership of 21,064,112, which is approximately 1.675% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 19,051,071 shares of the stock with an approximate value of $2.52 billion in TROW stocks shares; and STATE STREET CORP, currently with $1.64 billion in TROW stock with ownership of nearly -5.082% of the company’s market capitalization.
Positions in T. Rowe Price Group Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 367 institutional holders increased their position in T. Rowe Price Group Inc. [NASDAQ:TROW] by around 9,123,019 shares. Additionally, 475 investors decreased positions by around 12,005,036 shares, while 140 investors held positions by with 143,206,084 shares. The mentioned changes placed institutional holdings at 164,334,139 shares, according to the latest SEC report filing. TROW stock had 84 new institutional investments in for a total of 946,885 shares, while 111 institutional investors sold positions of 1,077,149 shares during the same period.