T. Rowe Price Group, a renowned asset management company, has made several impactful appearances on the stock market as per the recent updates. Notably,
Los Angeles Capital Management LLC has a substantial $33.45 million stock position in the enterprise. Simultaneously,
Victory Capital has bought 124,686 of the group's shares, displaying strong trust. Despite facing competitors' pressure and intermittent losses, T. Rowe continuously outperforms them. In another supportive feat, the group possesses a proficient
73% institutional backing. Regardless of analyst warnings against investing in TROW and a
price target reduction to $108.00 by Evercore ISI, the group remains a preferred dividend stock. It walks ahead with
Q2 earnings beating estimates, and assets under management (AUM) experiencing a steady Y/Y rise. The group has increased its dividend to $1.24, which showcases strong performance. However, shareholders witnessed a 32% loss from their investment three years ago. The company’s recent quarterly earnings reports display growth, outperforming market expectations. However, some hesitations are brought about by insiders selling $7.1m of shares. Despite the mixed market reception, the group declared a higher quarterly dividend for shareholders, emphasizing its momentum and value as a long-term stock option.
T Rowe Price Group TROW News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Sun, 08 Sep 2024 15:21:42 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor 4
