On Friday, T. Rowe Price Group Inc. (NASDAQ: TROW) opened higher 2.14% from the last session, before settling in for the closing price of $113.21. Price fluctuations for TROW have ranged from $87.43 to $122.27 over the past 52 weeks.
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Financial Sector giant saw their annual sales surged by 4.56% over the last five years. Company’s average yearly earnings per share was noted 20.47% at the time writing. With a float of $217.58 million, this company’s outstanding shares have now reached $223.94 million.
The firm has a total of 7906 workers. Let’s measure their productivity. In terms of profitability, gross margin is 82.13%, operating margin of 31.19%, and the pretax margin is 39.01%.
T. Rowe Price Group Inc. (TROW) Insider Activity
A key investor’s attitude towards the stock of the Asset Management industry is another important factor to consider. The insider ownership of T. Rowe Price Group Inc. is 2.25%, while institutional ownership is 74.59%. The most recent insider transaction that took place on Sep 13 ’24, was worth 50,689. In this transaction Principal Accounting Officer of this company sold 484 shares at a rate of $104.73, taking the stock ownership to the 13,939 shares. Before that another transaction happened on Sep 13 ’24, when Company’s Officer proposed sale 484 for $104.56, making the entire transaction worth $50,607.
T. Rowe Price Group Inc. (TROW) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 2.17 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.78) by 0.39. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.47% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.31% during the next five years compared to 1.31% growth over the previous five years of trading.
T. Rowe Price Group Inc. (NASDAQ: TROW) Trading Performance Indicators
Check out the current performance indicators for T. Rowe Price Group Inc. (TROW). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.79. Likewise, its price to free cash flow for the trailing twelve months is 12.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.46, a number that is poised to hit 2.32 in the next quarter and is forecasted to reach 9.18 in one year’s time.
Technical Analysis of T. Rowe Price Group Inc. (TROW)
Analysing the last 5-days average volume posted by the [T. Rowe Price Group Inc., TROW], we can find that recorded value of 1.31 million was better than the volume posted last year of 1.25 million. As of the previous 9 days, the stock’s Stochastic %D was 97.87%. Additionally, its Average True Range was 2.04.
During the past 100 days, T. Rowe Price Group Inc.’s (TROW) raw stochastic average was set at 73.21%, which indicates a significant decrease from 96.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.66% in the past 14 days, which was lower than the 21.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $107.53, while its 200-day Moving Average is $111.99. Now, the first resistance to watch is $116.77. This is followed by the second major resistance level at $117.92. The third major resistance level sits at $119.86. If the price goes on to break the first support level at $113.68, it is likely to go to the next support level at $111.74. Should the price break the second support level, the third support level stands at $110.59.
T. Rowe Price Group Inc. (NASDAQ: TROW) Key Stats
There are currently 223,300K shares outstanding in the company with a market cap of 25.74 billion. Presently, the company’s annual sales total 6,461 M according to its annual income of 1,789 M. Last quarter, the company’s sales amounted to 1,733 M and its income totaled 483,400 K.
