The Swedbank AB has sold 2,502 shares of the T. Rowe Price Group while another firm, the Sumitomo Mitsui Trust Holdings Inc. acquired 4,701 shares. Notably, T. Rowe Price recorded a 1.1% sequential rise in its Assets Under Management (AUM) in July. Also, the group's PT has been raised to $113.00 by Deutsche Bank Aktiengesellschaft. Other transactions include the acquisition of 400 shares by ORG Partners LLC and the reduction of stock position by Archford Capital Strategies LLC. The Czech National Bank purchased company shares while Securian Asset Management Inc., QRG Capital Management Inc., and Cetera Advisors LLC increased their stakes. The company's strong value as a stock makes it an attractive investment opportunity. However, some analysts recommend against investing in the group.
Despite the 32% loss experienced by shareholders over the past three years, the group is optimistic, projecting a decent equity market that will aid in their Q2 earnings. Their AUM showed an improvement of 3.8% sequentially. However, insiders have sold shares, suggesting hesitancy on their part. The organization expects to increase its dividend to $1.24, despite underperforming the market and recording mixed results in the face of market challenges.
T Rowe Price Group TROW News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 18:02:54 GMT - Rating 5 - Innovation 2 - Information 7 - Rumor -3
