Market Update (NASDAQ:TROW): T. Rowe Price Group Declares Quarterly Dividend

[PR Newswire] – BALTIMORE, Feb. 17, 2016 /PRNewswire/ — T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.54 per share payable March 30, 2016 … Read more on this. T. Rowe Price Group, Inc. (TROW) , with a current value of $17.44B, started the session at $69.26. Today’s price range has been between $68.51 and $70.70 per share and has traded between $63.57 and $84.38 over the past 12 months. TROW shares are currently priced at 14.71x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 10.42x earnings multiple for the same period. The company pays shareholders $2.08 per share annually in dividends, yielding 3.08%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.04 per share, which would be $0.09 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $4.45 which would be a $0.18 setback than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.02 Billion. If realized, that would be a 0.97% decrease over the year-ago quarter. More recently, Bernstein downgraded TROW from Outperform to Mkt Perform (Aug 5, 2015). Previously, Susquehanna upgraded TROW from Neutral to Positive. The average price target for TROW shares by the analysts covering it is $72.76, which is 5.05% above where the stock opened. See more in (NASDAQ:TROW) Similar Articles: Company Update: T. Rowe Price Group Inc (NASDAQ:TROW) – T. Rowe Price: Most Parents Say They Overspend On Kids’ Holiday Gifts Stock Update: T. Rowe Price Group Inc (NASDAQ:TROW) – T. Rowe Price Launches Emerging Markets Value Stock Fund Market Update: T. Rowe Price Group Inc (NASDAQ:TROW) – T. Rowe Price: Kids Who Get An Allowance Are More Money Savvy Than Those Who Do Not