T. Rowe Price Group Inc. (NASDAQ:TROW) marked $107.71 per share on Thursday, down from a previous closing price of $110.05. While T. Rowe Price Group Inc. has underperformed by -2.13%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TROW fell by -47.95%, with highs and lows ranging from $223.36 to $104.72, whereas the simple moving average fell by -23.22% in the last 200 days.
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On July 11, 2022, UBS Downgraded T. Rowe Price Group Inc. (NASDAQ: TROW) to Sell. A report published by Keefe Bruyette on June 29, 2022, Downgraded its rating to ‘Underperform’ for TROW. BMO Capital Markets also Downgraded TROW shares as ‘Market Perform’, setting a target price of $135 on the company’s shares in a report dated June 13, 2022. Citigroup resumed its ‘Sell’ rating for TROW, as published in its report on January 12, 2022. Goldman’s report from January 04, 2022 suggests a price prediction of $175 for TROW shares, giving the stock a ‘Sell’ rating. BMO Capital Markets also rated the stock as ‘Outperform’.
Analysis of T. Rowe Price Group Inc. (TROW)
TROW currently pays a dividend of $4.80 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -21.60%, showing a negative trend in the upcoming months.
In order to gain a clear picture of T. Rowe Price Group Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 26.80% is sufficient for you to turn a profit off your investment.
An average volume of 1.61M can be a very valuable indicator of volatility for TROW stock. On a monthly basis, the volatility of the stock is set at 2.93%, whereas on a weekly basis, it is put at 3.14%, with a loss of -3.90% over the past seven days. Furthermore, long-term investors anticipate a median target price of $109.78, showing growth from the present price of $107.71, which can serve as yet another indication of whether TROW is worth investing in or should be passed over.
How Do You Analyze T. Rowe Price Group Inc. Shares?
The USA based company T. Rowe Price Group Inc. (TROW) is one of the biggest names in Asset Management. When comparing T. Rowe Price Group Inc. shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 10.40, there is a growth in quarterly earnings of -57.90%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.90% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TROW shares?
The recent increase in stakes in TROW appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in TROW has increased by 1.00% in the first quarter. The company now owns 19,433,709 shares of the stock, with a value of $2.33 billion, following the purchase of 191,981 additional shares during the last quarter. BlackRock Fund Advisors made another decreased to its shares in TROW during the first quarter, downing its stake by -1.46%. During the last quarter, the company picked up -198,144 additional shares for a total stake of worth $1.61 billion, bringing number of shares owned by the company to 13,410,986.
During the first quarter, SSgA Funds Management, Inc. added a 470,928 position in TROW. Fayez Sarofim & Co. purchased an additional 1274.0 shares in the last quarter, increasing its holdings by 0.01%, now holding 9.09 million shares worth $1.09 billion. At the end of the first quarter, JPMorgan Investment Management, I increased its TROW holdings by 4.16% and now holds 7.9 million TROW shares valued at $948.42 million with the added 0.32 million shares during the period. TROW shares are owned by institutional investors to the tune of 77.90% at present.