It is currently trading at $96.13 a tad above the 50 day moving average of $89.14 and quite a bit higher than the 200 day moving average of $79.26. The 50 day moving average was up $6.99 or +7.84% and the 200 day average went up $16.87 or +21.28%. Trading volume for T. Rowe Price Group, Inc. was 1,221K by the end of trading on Tuesday. Trading volume was down 39.11% under the stocks average daily volume.
Traders are a little more bullish on T. Rowe Price Group, Inc. lately looking at the fall in short interest. The company had a fall in short interest from September 15, 2017 to September 29, 2017 of -4.10%. Short interest fell from 11,902,446 to 11,414,943 over that period. The days to cover decreased to 9.0 and the short interest percentage is 0.05% as of September 29.
These funds have shifted positions in (TROW). Alpha Windward LLC cut its stake by selling 6,350 shares a decrease of 63.9% as of 09/30/2017. Alpha Windward LLC now holds 3,581 shares valued at $325,000. The value of the position overall is down by 55.9%. As of quarter end Cobiz Investment Management, LLC had sold a total of 1,105 shares trimming its position 21.4%. The value of the investment in TROW went from $383,000 to $367,000 a change of $16,000 for the reporting period.
As of the end of the quarter Bowling Portfolio Management LLC had disposed of 13,451 shares trimming its stake by 24.8%. The value of the company’s investment in T. Rowe Price Group, Inc. decreased from $4,018,000 to $3,688,000 decreasing 8.2% since the last quarter. As of the end of the quarter Robeco Institutional Asset Management B.v. had acquired 30,005 shares growing its holdings by 57.3%. The value of the investment in T. Rowe Price Group, Inc. went from $3,885,000 to $7,467,000 a change of 92.2% quarter to quarter.
July 26 investment analysts at Citigroup maintained a stock rating of “Neutral” and moved up the price target to $90.00 from $72.00. On September 28 the company was rated “Buy” by Goldman Sachs up from the previous “Neutral” rating.
In the market the company is trading down by 0.75% percent from yesterday’s close. Additionally T. Rowe Price Group, Inc. declared a dividend for shareholders that was paid on Thursday June 29th, 2017. The dividend payment was $0.570 per share for the quarter or $2.28 annualized. The dividend yield was $2.38. The ex-dividend date was set for Wednesday the 13th of September 2017.
The company’s P/E ratio is 16.51 and the market cap of the company is 23.11B. As of the latest earnings report the EPS was $5.82 and is expected to be $5.81 for the current year with 240,357,000 shares now outstanding. Next quarter’s EPS is forecasted at $1.42 and the next full year EPS is anticipated to be $5.77.
T. Rowe Price Group, Inc., launched on February 4, 2000, is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors..