Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $115.55 in the prior trading day, T. Rowe Price Group Inc (NASDAQ: TROW) closed at $110.70, down -4.20%. In other words, the price has decreased by -$4.20 from its previous closing price. On the day, 3.12 million shares were traded. TROW stock price reached its highest trading level at $112.71 during the session, while it also had its lowest trading level at $109.7201.
Ratios:
Our goal is to gain a better understanding of TROW by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.97. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.04.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Wells Fargo on September 12, 2024, initiated with a Equal Weight rating and assigned the stock a target price of $109.
On August 27, 2024, Barclays started tracking the stock assigning a Underweight rating and target price of $99.
Keefe Bruyette Upgraded its Underperform to Mkt Perform on April 11, 2024, whereas the target price for the stock was revised from $106 to $120.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 10 ’24 when Thomson Andrew Justin Mackenzi sold 4,047 shares for $123.35 per share. The transaction valued at 499,184 led to the insider holds 119,577 shares of the business.
Thomson Andrew Justin Mackenzi bought 4,047 shares of TROW for $500,074 on Dec 10 ’24. On Dec 10 ’24, another insider, Husain Arif, who serves as the Officer of the company, bought 4,200 shares for $123.59 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TROW now has a Market Capitalization of 24686098432 and an Enterprise Value of 23828027392. As of this moment, T.’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.12, and their Forward P/E ratio for the next fiscal year is 11.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.03. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.56 while its Price-to-Book (P/B) ratio in mrq is 2.40. Its current Enterprise Value per Revenue stands at 3.448 whereas that against EBITDA is 8.997.
Stock Price History:
The Beta on a monthly basis for TROW is 1.47, which has changed by 0.060967803 over the last 52 weeks, in comparison to a change of 0.208081 over the same period for the S&P500. Over the past 52 weeks, TROW has reached a high of $125.81, while it has fallen to a 52-week low of $100.49. The 50-Day Moving Average of the stock is -5.29%, while the 200-Day Moving Average is calculated to be -2.34%.
Shares Statistics:
The stock has traded on average 1.45M shares per day over the past 3-months and 1823300 shares per day over the last 10 days, according to various share statistics. A total of 222.14M shares are outstanding, with a floating share count of 217.10M. Insiders hold about 2.28% of the company’s shares, while institutions hold 76.48% stake in the company. Shares short for TROW as of 1736899200 were 10734987 with a Short Ratio of 7.43, compared to 1734048000 on 11961729. Therefore, it implies a Short% of Shares Outstanding of 10734987 and a Short% of Float of 5.5999998.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.46. The current Payout Ratio is 62.89% for TROW, which recently paid a dividend on 2024-12-13 with an ex-dividend date of 1734048000. Stock splits for the company last occurred on 2006-06-26 when the company split stock in a 2:1 ratio.
