Wells Fargo has recently initiated T Rowe Price Group Inc (TROW) stock to Equal Weight rating, as announced on September 12, 2024, according to Finviz. Earlier, on August 27, 2024, Barclays had initiated the stock to Underweight, setting a price target of $99. Keefe Bruyette also raised Mkt Perform rating with a price target of $120. Additionally, TD Cowen raised Hold rating on April 8, 2024, with a target price of $114. Wells Fargo analysts, in their report published on January 8, 2024, also reduced Underweight rating and set a price target of $105 for T Rowe Price Group Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
T Rowe Price Group Inc (TROW) Stock Trading Recap
On Friday, T Rowe Price Group Inc (TROW) stock saw a modest uptick, ending the day at $115.63 which represents a slight increase of $2.42 or 2.14% from the prior close of $113.21. The stock opened at $113.23 and touched a low of $112.88 during the day, reaching a high of $115.97. The volume of shares traded was 1.76 million exceeding the average volume of 1.14 million.
Sponsored
TROW Stock Performance and Moving Averages
In recent trading, T Rowe Price Group Inc (TROW) stock price has shown some volatility, fluctuating 6.10% over the last five trades and 4.60% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 6.35%, and it has plunged by -0.29% in the previous three months. Currently, TROW is trading at 6.11%, 7.54%, and 3.25% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, TROW, a Financial sector stock, is trading -5.43% below its 52-week high but remains 32.25% above its 52-week low. The Average True Range (ATR) (14 days) of 2.04 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
T Rowe Price Group Inc’s Profitability and Valuation Ratios
T Rowe Price Group Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 33.86% and a profit margin of 27.91%, with a gross margin of 6.35%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, T Rowe Price Group Inc’s market capitalization stands at $25.74 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 13.66, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 12.6. Additionally, the Price-to-Sales Ratio is 3.79, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.59, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.25% of T Rowe Price Group Inc (TROW)’s shares, while financial institutions hold 74.57%.
Notable insider trades include Thomson Andrew Justin Mackenzi, Vice President at T Rowe Price Group Inc (TROW), who sold 11969 shares on Sep 06 ’24, at $102.83 each, totaling $1.23 million. On Jun 27 ’24, Hiebler Jessica M, Principal Accounting Officer, sold 1401 shares for $115.85 each, amounting to $0.16 million. Additionally, on Jun 18 ’24, Sawyer Dorothy C sold 2000 shares at $117 each, generating $0.23 million.
