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T. Rowe Price Group, Inc. (TROW)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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139.37+1.91 (+1.39%)
At close: 4:00PM EST

139.75 +0.38 (0.27%)
Before hours: 8:11AM EST

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Chart Events
Neutralpattern detected
Previous Close137.46
Open139.29
Bid136.83 x 1200
Ask199,999.98 x 2200
Day's Range138.35 - 140.58
52 Week Range82.51 - 148.88
Volume413,620
Avg. Volume1,092,172
Market Cap31.558B
Beta (5Y Monthly)1.16
PE Ratio (TTM)15.68
EPS (TTM)8.89
Earnings DateJan 28, 2021
Forward Dividend & Yield3.60 (2.58%)
Ex-Dividend DateDec 14, 2020
1y Target Est147.36
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    Conagra Brands And Chance The Rapper's Nonprofit, SocialWorks, Create Food Design Mentorship Program For High School Students

    Conagra Brands, Inc. (NYSE: CAG) is joining Chance the Rapper, Grammy award-winning musician and humanitarian, to provide students in Chicago arts enrichment opportunities through a new food packaging design mentorship program. Created in collaboration with SocialWorks, the charitable organization founded by Chance, the program helped fuel the launch of the company's iconic Duncan Hines® Holiday Baking Kit Box which features a festive illustration by Devin Brown, a local student. The kit includes cake and brownie mix, frostings and assorted holiday candy and is available now for a limited time on Amazon.

  • T. Rowe Price (TROW) to Carve Out New Investment Platform
    Zacks

    T. Rowe Price (TROW) to Carve Out New Investment Platform

    T. Rowe Price's (TROW) new investment platform will streamline its processes and increase the efficiency of operations.

  • Why BofA Is Upgrading Cohen & Steers, Downgrading T. Rowe Price
    Benzinga

    Why BofA Is Upgrading Cohen & Steers, Downgrading T. Rowe Price

    Since the presidential election, analysts have witnessed a massive rotation out of high-growth tech stocks and into value stocks. On Thursday, one Wall Street analyst said that rotation could have a meaningful impact on asset managers.The Analyst: BofA Securities analyst Michael Carrier upgraded Cohen & Steers, Inc. (NYSE: CNS) from Neutral to Buy and raised the price target from $65 to $76.Carrier also downgraded T. Rowe Price Group Inc (NYSE: TROW) from Buy to Neutral and reiterated a $154 price target.Related Link: Dow, S&P 500 Close At All-Time Highs: What's Next For Stocks Following Coronavirus Vaccine Rally?The Thesis: In a new note, Carrier said BofA expects the shift from growth to value to continue, and the ratings changes come after he assessed his coverage of asset managers to identify which stocks will benefit and which stocks could potentially be hurt by the rotation."Separately, we also see the sector, along with financials more broadly, potentially benefiting since they tend to be more value stocks, though the market rally and recent M&A in the sector has already had some positive impact on valuations," the analyst said. Cohen & Steers has high exposure to the value theme, a track record of strong investment performance and impressive organic revenue growth.At the same time, while T. Rowe Price is well-positioned for the long-term, its high exposure to growth likely limits its upside in the current climate, he said. In addition to the ratings changes, Carrier said BlackRock, Inc. (NYSE: BLK) is the most attractive stock in the asset manager group, while Waddell & Reed Financial, Inc. (NYSE: WDR) has the highest risk of the bunch.Benzinga's Take: The rotation from growth to value could generate major cash flow for asset managers with high exposure to value funds.Yet there have been several brief periods of rotation from growth to value in the past decade, and none lasted long enough to create much more than a short-term trading opportunity.Latest Ratings for TROW DateFirmActionFromTo Nov 2020B of A SecuritiesDowngradesBuyNeutral Oct 2020Morgan StanleyMaintainsEqual-Weight Aug 2020CitigroupMaintainsNeutral View More Analyst Ratings for TROW View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Tesla's Valuation Is Greater Than Nearly The Entire Established Auto Industry * Analyst Says Square Shares Are Worth 0(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.