T. Rowe Price Group Inc. (NASDAQ:TROW) has a beta of 1.16, a 12-month trailing P/E ratio of 15.95, and a growth ratio of 1.16. The stock’s Relative Strength Index (RSI) is 58.05, with weekly volatility at 2.22% and ATR at 4.03. The TROW stock’s 52-week price range has touched low of $113.38 and a $192.12 high. Its shares traded lower over the last trading session, losing -0.42% on 05/19/21. The shares fell to a low of $182.90 before closing at $187.83. Intraday shares traded counted 1.84 million, which was -61.39% lower than its 30-day average trading volume of 1.14M. TROW’s previous close was $188.62 while the outstanding shares total 227.70M.
Investors have identified the Asset Management company T. Rowe Price Group Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $42.11 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
T. Rowe Price Group Inc. (TROW) Fundamentals that are to be considered.
TROW were able to record 935.9 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by 657.3 million. In cash movements, the company had a total of 994.7 million as operating cash flow.
Potential earnings growth for T. Rowe Price Group Inc. (TROW)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, T. Rowe Price Group Inc. recorded a total of 1.83 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 19.94% coming in sequential stages and their sales for the 07/29/2021 quarter increasing by 5.14%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 933.6 million trying to sell their products during the last quarter, with the result yielding a gross income of 893.2 million. This allows shareholders to hold on to 227.70M with the recently reported earning now reading 3.20 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (3.01 cents a share).
Having a look at the company’s valuation, the company is expected to record 12.84 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TROW sounds very interesting.
Is the stock of TROW attractive?
In related news, President, Robert W. Sharps sold 6,000 shares of the company’s stock in a transaction that recorded on Mar 29. The sale was performed at an average price of 176.75, for a total value of 1,060,501. As the sale deal closes, the CEO, Stromberg William J now sold 9,000 shares of the company’s stock, valued at 1,563,986. Also, Vice President, Thomson Andrew Justin Mackenzi sold 23,421 shares of the company’s stock in a deal that was recorded on Feb 12. The shares were price at an average price of 163.13 per share, with a total market value of 3,820,636. Following this completion of acquisition, the Vice President, Higginbotham Robert C.T. now holds 6,581 shares of the company’s stock, valued at 965,934. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.00%.
3 out of 17 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on T. Rowe Price Group Inc.. 3 analysts has assigned a Sell rating on the TROW stock. The 12-month mean consensus price target for the company’s shares has been set at $184.92.