Why T Rowe Price Group Inc’s (TROW) Stock Is Up 4.77% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate T Rowe Price Group Inc before investing.

In this article, we go over a few key elements for understanding T Rowe Price Group Inc’s stock price such as:

Before we jump into T Rowe Price Group Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

T. Rowe Price Group, Inc. is a global asset management company. The Company provides a broad range of investment solutions across equity, fixed income, multi-asset, and alternative capabilities for clients around the world - from individuals to advisors to institutions to retirement plan sponsors. It also provides certain investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; brokerage; trust services, and non-discretionary advisory services through model delivery. The Company distributes its active investment solutions through a diverse set of distribution channels and vehicles to meet the needs of its clients globally. These vehicles include an array of United States mutual funds, collective investment trusts, subadvised funds, separately managed accounts, and other sponsored products.

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As of April 26, 2024, 4:00 PM, CST, T Rowe Price Group Inc’s stock price was $114.02.

T Rowe Price Group Inc is up 4.77% from its previous closing price of $108.83.

During the last market session, T Rowe Price Group Inc’s stock traded between $107.43 and $110.25. Currently, there are 223.50 million shares of T Rowe Price Group Inc stock available for purchase.

T Rowe Price Group Inc’s price-earnings (P/E) ratio is currently at 14.0, which is low compared to the Investment Management & Fund Operators industry median of 14. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

T Rowe Price Group Inc’s (TROW) price is currently down 6.48% so far this month.

During the month of April, T Rowe Price Group Inc’s stock price has reached a high of $121.72 and a low of $107.43.

Over the last year, T Rowe Price Group Inc has hit prices as high as $132.76 and as low as $87.43. Year to date, T Rowe Price Group Inc’s stock is up 4.55%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 25, 2024, there were 0 analysts who downgraded T Rowe Price Group Inc’s stock and 11 analysts who upgraded over the last month.

Additionally, you'll want to evaluate T Rowe Price Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on T Rowe Price Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

T Rowe Price Group Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about T Rowe Price Group Inc (TROW) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 25, 2024, T Rowe Price Group Inc has a weighted four-quarter relative price strength of -4.94%, which translates to a Momentum Score of 48 and is considered to be Average.

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As of April 26, 2024, T Rowe Price Group Inc’s stock price is $114.02, which is up 4.77% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like T Rowe Price Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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