Trending Stock: T. Rowe Price Group Inc. (NASDAQ: TROW)

BALTIMORE, July 15, 2019 – Shares of T. Rowe Price Group Inc. (NASDAQ: TROW) inclined 1.18% to $110.61. The stock grabbed the investor’s attention and traded 830,418 shares as compared to its average daily volume of 1.05M shares. The stock’s institutional ownership stands at 71.80%.

T. Rowe Price Group Inc. (TROW) reported first-quarter earnings of $512.60M. The Baltimore-based company said it had net income of $2.09 per share. Earnings, adjusted for non-recurring gains, came to $1.87 per share. The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The financial services firm posted revenue of $1.33B in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.28B.

TROW has a market value of $26.19B while its EPS was booked as $7.69 in the last 12 months. The stock has 236.76M shares outstanding. In the profitability analysis, the company has net profit margin of 34.40%. Beta value of the company was 1.06; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.60.

Charles Barnes

I am Charles Barnes and I focus on breaking news stories and ensuring we (“Import Tourism”) offer timely reporting on some of the most recent stories released through market wires about “Financial” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Import Tourism specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 3819 Sun Valley Road, George, WA 98824, USA Phone: (+1) 509-785-0774 Email: