Things For Investors To Watch In T. Rowe Price Group Inc. (NASDAQ: TROW)

T. Rowe Price Group Inc. (NASDAQ:TROW) does about 1.38M shares in volume on a normal day but saw 1604563 shares change hands in Tuesday’s trading. The company now has a market cap of 25.54B USD. Its current market price is $114.36, marking an increase of 1.50% compared to the previous close of $112.67. The 52 week high reached by this stock is $132.76 whilst the lowest price level in 52 weeks is $87.43.

T. Rowe Price Group Inc. (TROW) has a 20-day trading average at $111.27 and the current price is -13.86% off the 52-week high compared with 30.80% distance from its 52-week low. The 50-day simple moving average of the closing price is $114.92 and its 200-day simple moving average is $107.94. If we look at the stock’s price movements over the week, volatility stands at 1.35%, which increases to 2.02% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.37 to suggest the stock is neutral.

The consensus objective for the share price is $112.92, suggesting that the stock has a potential downside of -1.28% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 11, 2024 when Keefe Bruyette upgraded the stock to “Mkt Perform” and issued a price target of between $106 and $120. TD Cowen also upgraded the stock to “Hold” from Sell on April 08, 2024 at a price target of $92-$114. Wells Fargo downgraded its price target at $95-$105.

T. Rowe Price Group Inc. (TROW) stock is up 2.80% over the week and 0.10% over the past month. Its price is 6.19% year-to-date and 8.59% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -1.28 percent from here.

The company has a return on investment of 18.60% and return on equity of 20.09%. The price to earnings ratio (P/E ratio) amounts to 13.58 while the forward price to earnings ratio is 13.07. The beta has a value of 1.43. Price to book ratio is 2.61 and price to sales ratio is 3.83.