T. Rowe Price Group Inc. (TROW): Who Are The Top holders?

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T. Rowe Price Group Inc. (NASDAQ:TROW) changes shares on Wednesday trading session, with a change of 1.37% or $1.88 shares. The trading starts at $136.49 and closed at $137.09 throughout the day. The trading session low price was $136.49 and day high was $139.96 on Wednesday, August 05. After the session, the Financial sector daily volume shifted to 1.01 million while its average volume is 1.23M. In other hand, the TROW market cap reached to $30.72B. While, its current target price is $142.50.

On July 10, 2020, Tesla rival Rivian adds $2.5 billion investment led by T. Rowe Price. According to the news reported on Reuters, Electric vehicle startup Rivian, which is backed by Amazon and Ford Motor and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price , Rivian said Friday.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.32% and up 13.02% for month. Its quarterly performance was 28.44% above, while its half year performance is up 0.75%. TROW yearly performance stood at positive 29.56% and rise 14.06% for year-to-date. Current recommendation for T. Rowe Price Group Inc. is 2.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. TROW EPS (TTM) for 12-month is 8.43. EPS for this year is 17.90%, while for the next year its value is 9.22. Sales growth for the current quarter is 4.89 while its EPS Q/Q reached 18.90%. It has an EPS of 13.90% up for past five years and for the next five years will be up 3.37%.

Let’s take a look on the analyst recommendations on TROW for the current month and previous month. For the current month, 6 of 17 analysts recommend stock as Buy while 3 as Sell, 0 as overweight, 1 as underweight and 7 as Hold. As compared with the previous month ratings, 17 analysts participate in stock recommendation. Out of 17, 3 rated it sell, 6 rated it as Buy and 8 as Hold Ratings. On the other hand, target price ranges from $125.00 – $160.00. Average target price for TROW was reached at $144.64.

Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in T. Rowe Price Group Inc. (TROW) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 21.06 million shares which valued 2.06 billion. On Mar 30, 2020, Blackrock Inc. owned 19.05 million shares which valued at 1.86 billion. On Mar 30, 2020, State Street Corporation has a total of 12.42 million shares which valued at 1.21 billion. In the end, State Street Corporation have 5.47% shares outstanding of T. Rowe Price Group Inc. (TROW) on Mar 30, 2020. The insider ownership moved to 0.80% and institutional holding shifted to 73.10%.

The company posted an EPS (TTM) of 8.43. According to the most recent quarter report on (Sep 2020), 12 analysts estimated an average EPS of 2.32, while 2.13 EPS posted a year ago period. Analyst Estimated EPS for TROW published in the report was $2.14 – $2.56 during the same period. Comparing with last year, the average estimated EPS was 2.13 which is lower than 2.29 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for TROW rise 15.56% for period of 200 days. SMA for 50 days was 9.03% which is showing green signal, while SMA-20 was 4.67%. The moving average value for T. Rowe Price Group Inc. (TROW) is 5.35M and 2.23% for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in TROW stock. On Jul 31, Alderson Christopher D, Vice President, sold 100,000 trading shares at the cost of $134.33, which valued at 13.43 million. On Jun 02, Stromberg William J, CEO and President, sold 30,000 shares at the cost of $121.80, with total shares of 15,000. On May 29, Oestreicher David, Corp Secretary and VP, sold 3,500 shares at the cost of 120.85. After this transaction, Oestreicher David total shares reached to 94,173 which valued at 0.42 million.