Ultime notizie per T. Rowe Price Gr (NASDAQ:TROW) Azioni

T. Rowe Price Gr

T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of August 2024, the firm had $1.612 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving less than 10% of its AUM from overseas.

T. Rowe Price Group Inc

Barclays analyst Benjamin Budish maintains T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a Underweight and raises the price target from $99 to $101.

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Barclays Maintains Underweight on T. Rowe Price Gr, Raises Price Target to $101

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Shares of banking and financial services stocks are trading higher following better-than-expected financial results from JPMorgan Chase and Wells Fargo.

T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.63&nbsp;trillion as of September&nbsp;30, 2024. Preliminary net outflows were $4.9 billion for&nbsp;September 2024&nbsp;and $12.2 billion&nbsp;for the quarter-ended September&nbsp;30, 2024. Preliminary quarterly net flows include $0.8 billion of Manager-driven distributions.

T. Rowe Price Group  Reported Preliminary Month-End Assets Under Management Of $1.63T As Of September 30, 2024

In the current session, the stock is trading at $106.75, after a 0.14% spike. Over the past month, T. Rowe Price Gr Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) stock increased by 2.54%, and in the past year, by 4.11%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1728490558_0.png" alt="Past Year Chart" />

<h3>Evaluating T. Rowe Price Gr P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 32.46 in the Capital Markets industry, T. Rowe Price Gr Inc. has a lower P/E ratio of 12.59. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728490558_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

P/E Ratio Insights for T. Rowe Price Gr

Wells Fargo analyst Michael Brown maintains T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a Equal-Weight and raises the price target from $109 to $112.

Wells Fargo Maintains Equal-Weight on T. Rowe Price Gr, Raises Price Target to $112

Evercore ISI Group analyst Glenn Schorr maintains T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a In-Line and raises the price target from $108 to $109.

Evercore ISI Group Maintains In-Line on T. Rowe Price Gr, Raises Price Target to $109

11 analysts have shared their evaluations of T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated T. Rowe Price Gr and provided 12-month price targets. The average target is $112.0, accompanied by a high estimate of $123.00 and a low estimate of $99.00. A decline of 3.26% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1727974813_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive T. Rowe Price Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Blostein</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$102.00</td>
<td>$106.00</td>
</tr>
<tr>
<td>Michael Brown</td>
<td>Wells Fargo</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$109.00</td>
<td>-</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$108.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Announces</td>
<td>Underweight</td>
<td>$99.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$113.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$118.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$112.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$120.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$107.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$121.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$123.00</td>
<td>$121.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to T. Rowe Price Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of T. Rowe Price Gr compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of T. Rowe Price Gr's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of T. Rowe Price Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TROW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on T. Rowe Price Gr analyst ratings.</a>
<h2>Get to Know T. Rowe Price Gr Better</h2>
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of August 2024, the firm had $1.612 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving less than 10% of its AUM from overseas.
<h3>T. Rowe Price Gr: A Financial Overview</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: T. Rowe Price Gr's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 7.65%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: T. Rowe Price Gr's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 27.14%, the company may face hurdles in effective cost management.
Return on Equity (ROE): T. Rowe Price Gr's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.77%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): T. Rowe Price Gr's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 3.63%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.03.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 11 Analyst Projections For T. Rowe Price Gr

Goldman Sachs analyst Alexander Blostein maintains T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a Sell and lowers the price target from $106 to $102.

Goldman Sachs Maintains Sell on T. Rowe Price Gr, Lowers Price Target to $102

Artificial intelligence may be a useful tool <a href="https://www.benzinga.com/news/large-cap/24/09/40942266/amazon-launches-ai-assistant-codenamed-project-amelia">for financial advisors</a>, but it will not solve their every problem.
There are three ways that financial advisors can use AI to their utmost benefit, AssetMark and Wealthmanagement.com say in a report: optimizing lead generation, segmenting the market and improving client communication.
<h2 class="wp-block-heading">Lead Generation</h2>
AI tools have proven to increase lead generation by as much as 50% and lower costs by as much as 60%, the report said.
&#8220;AI tools can build profiles based on names, publicly available data, and data from third-party vendors,&#8221; the report stated.
&#8220;These profiles can be compared to metrics for successful conversions, helping advisors focus attention on prospects who are more likely to become high-value clients.&#8221; 
<h2 class="wp-block-heading">Improved Market Segmentation</h2>
AI also helps to further segment prospects based on their unique needs, the report said.
AI and predictive analytics can also help financial advisors to quickly and accurately segment their clients based on their attributes, such as assets under management, demographics and profession.
&#8220;AI tools also help identify patterns and trends advisors can use to better understand their clients' needs and preferences,&#8221; the report said.
Read Also: <a href="https://www.benzinga.com/top-stories/24/09/40937593/oracle-cloudworld-highlights-ai-driven-tech-services-but-revenue-growth-requires-patience-analyst">Oracle CloudWorld Highlights &#8216;AI-Driven Tech Services,&#8217; But Revenue Growth Requires Patience: Analyst</a>
The ability to predict client behavior and preferences enables financial advisors to further use AI to create targeted marketing campaigns and messaging that resonate with their audience,&#8221; the report said.
&#8220;Segmentation can help advisors identify potential high-value clients, allowing them to pursue leads strategically and allocate their marketing resources more efficiently by aligning them with key growth drivers.&#8221;
<h2 class="wp-block-heading">Better Communication</h2>
AI tools can also help advisors to prioritize and target their communications with their clients, the report said.
&#8220;Predictive tools help advisors reach out to clients proactively to provide solutions at the right time — sometimes even before clients realize they need them,&#8221; it said.
&#8220;Getting the right information to the right clients at the right time is often the key to ensuring clients take action.&#8221;
AI can also give advisors a hand at creating engaging content for clients and also help them to write emails, social media content and website copy for clients more efficiently.
&#8220;Advisors can gather questions from clients, for instance, and use AI to generate custom content based on their inquiries that are specific to niche client needs,&#8221; the report said.
<h2 class="wp-block-heading">AI Tools &#8216;May Be Useful To Some Extent&#8217;</h2>
But AI is not the end-all, be-all solution for financial advisors, Canadian financial planner Jason Pereira <a href="https://www.kitces.com/blog/generative-ai-artificial-intelligence-advisor-technology-chat-gpt-software-innovation/">wrote</a> for Kitces.
&#8220;It may be helpful for advisors to take a realistic approach to the value that AI tools will provide, especially in an environment where technology providers often make bold claims about their solutions&#8217; ability to save time and reduce costs,&#8221; he wrote.
&#8220;Some of the capabilities of today&#8217;s AI tools (e.g., automating workflows or retrieving client information using a chatbot) may be useful to some extent, but if the processes that they replace don&#8217;t take that much time to begin with, then the tools&#8217; benefits may not justify the additional cost to implement them.&#8221;
It will most likely take 10 years for AI tools to develop to the point where they can help financial advisors in a meaningful way, such as reducing headcount by 50%, he said.
Price Action: Financial Advisory firms trended upward into Thursday&#8217;s mid-afternoon trading.
<ul>
<li>Franklin Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) went up 2.1% to $20.82.</li>
<li>Invesco Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INV#NYSE">INV</a>) gained 3.1% to $17.27</li>
<li>T. Rowe Price Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) picked up 2.45% to $110.78</li>
<li>AllianceBernstein Holding L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AB#NYSE">AB</a>) gained 1.68% to $35.18</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40942923/short-seller-targets-verint-systems-stock-as-ai-threat-emerges-the-future-is-certainly-not-verint">Short Seller Targets Verint Systems Stock As AI Threat Emerges: &#8216;The Future Is Certainly Not Verint&#8217;</a></li>
</ul>
Image: Midjourney

Tech

Top 3 AI Uses For Financial Advisors Flagged In Report: Financial Planner Says Beware, Technology Is No Cure-All

It was reported on September 16, that Hiebler Jessica M, Principal Accounting Officer at T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) executed a significant insider sell, according to an SEC filing.
What Happened: M's decision to sell 484 shares of T. Rowe Price Gr was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001113169/000156218024006805//Archives/edgar/data/1113169/000156218024006805/0001562180-24-006805-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $50,689.
During Tuesday's morning session, T. Rowe Price Gr shares down by 0.0%, currently priced at $105.86.
<h3>All You Need to Know About T. Rowe Price Gr</h3>
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load us and international stock, hybrid, bond, and money market funds. At the end of July 2024, the firm had $1.587 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a us-based asset manager, deriving just under 9% of its AUM from overseas.
<h3>T. Rowe Price Gr: A Financial Overview</h3>
Revenue Growth: T. Rowe Price Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 7.65%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 52.59%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): The company excels with an EPS that surpasses the industry average. With a current EPS of 2.11, T. Rowe Price Gr showcases strong earnings per share.
</li>
</ul>
Debt Management: T. Rowe Price Gr's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.03.
Valuation Overview:
<ul>
<li>
Price to Earnings (P/E) Ratio: T. Rowe Price Gr's P/E ratio of 12.5 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 3.49, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 7.61 is below the industry average, indicating that it may be relatively undervalued compared to peers.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
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<h3>The Importance of Insider Transactions</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
Delving into transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001113169">Check Out The Full List Of T. Rowe Price Gr's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Sell Alert: Hiebler Jessica M Cashes Out $50K In T. Rowe Price Gr Stock

T. Rowe Price Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trow#NASDAQ">TROW</a>) announced its preliminary assets under management of $1.61 trillion for August 2024. The figure reflected a sequential increase of 1.6%.
TROW experienced net outflows of $5.3 billion in August 2024.
<h2>Breakdown of TROW&#39;s AUM Performance</h2>
At the end of August, TROW&#39;s equity products aggregated $825 billion, which increased 1.4% from the previous month&#39;s level. Fixed income (including money market) rose marginally to $183 billion. Further, multi-asset products were $553 billion, which increased 2.2% from the previous month.
Alternative products of $51 billion increased 2% from the prior month&#39;s level.
T. Rowe Price registered $474 billion in target date retirement portfolios in August 2024, which increased 2.2% from the prior month.
<h2>Our Take on TROW</h2>
The company&#39;s solid AUM balance, broadening distribution reach and efforts to diversify business through acquisitions are likely to support its top-line growth in the long term. However, the company&#39;s overdependence on investment advisory fees is concerning. Also, T. Rowe Price&#39;s bottom-line growth continues to be under pressure due to high costs.
Over the past three months, shares of T. Rowe Price have lost 8.7% against the industry&#39;s&nbsp; 6.9% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ae/77702.jpg?v=923798132" />
Image Source: Zacks Investment Research
Currently, TROW carries a Zacks Rank #3 (Hold).
<h2>Performance of Other Asset Managers</h2>
Franklin Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ben#NYSE">BEN</a>) reported its preliminary AUM of $1.68 trillion as of Aug. 31, 2024. This reflected an increase of 1.1% from the prior month&#39;s level.
The improvement in BEN&#39;s AUM balance was due to the impact of positive markets, partially offset by long-term net outflows.&nbsp;
Cohen &amp; Steers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cns#NYSE">CNS</a>) reported a preliminary AUM of $88.1 billion as of Aug. 31, 2024. This reflected a rise of 4.1% from the prior month&#39;s level.
The increase in CNS&#39; AUM balance was driven by the market appreciation of $3.7 billion and net inflows of $8 billion, partially offset by distributions of $152 million.
<a href="https://www.zacks.com/stock/news/2336051/t-rowe-price-s-august-aum-balance-improves-1-6-sequentially?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2336051">To read this article on Zacks.com click here.</a>

Large Cap

Management

T. Rowe Price's August AUM Balance Improves 1.6% Sequentially

Wells Fargo analyst Michael Brown initiates coverage on T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a Equal-Weight rating and announces Price Target of $109.

Initiation

Wells Fargo Initiates Coverage On T. Rowe Price Gr with Equal-Weight Rating, Announces Price Target of $109

A large exercise of company stock options by Thomson Andrew Justin Mackenzie, Vice President at T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) was disclosed in a new SEC filing on September 9, as part of an insider exercise.
What Happened: A notable Form 4 filing on Monday with the <a href="https://www.sec.gov/Archives/edgar/data/0001113169/000156218024006730//Archives/edgar/data/1113169/000156218024006730/0001562180-24-006730-index.htm">U.S. Securities and Exchange Commission</a> revealed that Mackenzie, Vice President at T. Rowe Price Gr, exercised stock options for 11,969 shares of TROW, resulting in a transaction value of $314,730.
The Tuesday morning market activity shows T. Rowe Price Gr shares down by 0.0%, trading at $103.54. This implies a total value of $314,730 for Mackenzie's 11,969 shares.
<h3>All You Need to Know About T. Rowe Price Gr</h3>
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of July 2024, the firm had $1.587 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving just under 9% of its AUM from overseas.
<h3>Financial Insights: T. Rowe Price Gr</h3>
Revenue Growth: T. Rowe Price Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 7.65%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 52.59%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): T. Rowe Price Gr's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.11.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.03, T. Rowe Price Gr adopts a prudent financial strategy, indicating a balanced approach to debt management.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 12.22 is lower than the industry average, implying a discounted valuation for T. Rowe Price Gr's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 3.41 is lower than the industry average, implying a discounted valuation for T. Rowe Price Gr's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 7.42, T. Rowe Price Gr's EV/EBITDA ratio reflects a below-par valuation compared to industry averages signalling undervaluation
</li>
</ul>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001113169">Check Out The Full List Of T. Rowe Price Gr's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Thomson Andrew Justin Mackenzie At T. Rowe Price Gr Decides to Exercises Options Worth $314K

During the last three months, 10 analysts shared their evaluations of T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $110.7, a high estimate of $123.00, and a low estimate of $86.00. This current average represents a 5.38% decrease from the previous average price target of $117.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1725552048_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of T. Rowe Price Gr by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$108.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Announces</td>
<td>Underweight</td>
<td>$99.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$113.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$118.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$112.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$120.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$107.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$121.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$123.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Underweight</td>
<td>$86.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to T. Rowe Price Gr. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of T. Rowe Price Gr compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of T. Rowe Price Gr's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TROW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on T. Rowe Price Gr analyst ratings.</a>
<h2>Unveiling the Story Behind T. Rowe Price Gr</h2>
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of July 2024, the firm had $1.587 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving just under 9% of its AUM from overseas.
<h3>Financial Insights: T. Rowe Price Gr</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: T. Rowe Price Gr displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 7.65%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: T. Rowe Price Gr's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 27.14%, the company may face hurdles in effective cost management.
Return on Equity (ROE): T. Rowe Price Gr's ROE stands out, surpassing industry averages. With an impressive ROE of 4.77%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.63%, the company showcases effective utilization of assets.
Debt Management: T. Rowe Price Gr's debt-to-equity ratio is below the industry average at 0.03, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On T. Rowe Price Gr Through 10 Analysts

Evercore ISI Group analyst Glenn Schorr maintains T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a In-Line and lowers the price target from $115 to $108.

Evercore ISI Group Maintains In-Line on T. Rowe Price Gr, Lowers Price Target to $108

T. Rowe Price Gr's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NYSE">TROW</a>) short percent of float has risen 5.53% since its last report. The company recently reported that it has 9.16 million shares sold short, which is 4.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.14 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>T. Rowe Price Gr Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725471017_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for T. Rowe Price Gr has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing T. Rowe Price Gr's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, T. Rowe Price Gr's peer group average for short interest as a percentage of float is 3.24%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into T. Rowe Price Gr's Recent Short Interest

Barclays analyst Benjamin Budish initiates coverage on T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a Underweight rating and announces Price Target of $99.

Barclays Initiates Coverage On T. Rowe Price Gr with Underweight Rating, Announces Price Target of $99

During the last three months, 8 analysts shared their evaluations of T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for T. Rowe Price Gr, revealing an average target of $112.5, a high estimate of $123.00, and a low estimate of $86.00. This current average represents a 4.08% decrease from the previous average price target of $117.29. 
<img src="https://www.benzinga.com/files/images/story/2024/1723752127_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive T. Rowe Price Gr. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$113.00</td>
<td>$112.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$118.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>Brian Bedell</td>
<td>Deutsche Bank</td>
<td>Lowers</td>
<td>Hold</td>
<td>$112.00</td>
<td>$122.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$120.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$107.00</td>
<td>$102.00</td>
</tr>
<tr>
<td>Aidan Hall</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$121.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$123.00</td>
<td>$121.00</td>
</tr>
<tr>
<td>Kenneth Worthington</td>
<td>JP Morgan</td>
<td>Announces</td>
<td>Underweight</td>
<td>$86.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to T. Rowe Price Gr. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of T. Rowe Price Gr compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of T. Rowe Price Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into T. Rowe Price Gr's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TROW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on T. Rowe Price Gr analyst ratings.</a>
<h2>All You Need to Know About T. Rowe Price Gr</h2>
T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load us and international stock, hybrid, bond, and money market funds. At the end of April 2024, the firm had $1.485 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a us-based asset manager, deriving just under 9% of its AUM from overseas.
<h3>T. Rowe Price Gr's Economic Impact: An Analysis</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: T. Rowe Price Gr displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 7.65%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: T. Rowe Price Gr's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 27.14%, the company may face hurdles in effective cost management.
Return on Equity (ROE): T. Rowe Price Gr's ROE stands out, surpassing industry averages. With an impressive ROE of 4.77%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): T. Rowe Price Gr's ROA stands out, surpassing industry averages. With an impressive ROA of 3.63%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.03.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 8 Ratings For T. Rowe Price Gr

Deutsche Bank analyst Brian Bedell maintains T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) with a Hold and raises the price target from $112 to $113.

Deutsche Bank Maintains Hold on T. Rowe Price Gr, Raises Price Target to $113

T. Rowe Price Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trow#NASDAQ">TROW</a>) announced its preliminary assets under management of $1.59 trillion for July 2024. The figure reflected a sequential increase of 1.1%.
TROW experienced net inflows of $2 billion in July 2024.
At the end of July, TROW&#39;s equity products aggregated $814 billion, which increased marginally from the previous month&#39;s level. Fixed income (including money market) rose 1.1% to $182 billion. Further, multi-asset products were $541 billion, which increased 2.3% from the previous month.
Alternative products of $50 billion remained unchanged from the prior month&#39;s level.
T. Rowe Price registered $464 billion in target date retirement portfolios in July 2024, which increased 2.4% from the prior month.
The company&#39;s diversified business model and efforts to broaden distribution reach to international markets and strategic acquisitions will support its top-line growth in the upcoming period. However, the company&#39;s overdependence on investment advisory fees is concerning. Also, T. Rowe Price&#39;s bottom-line growth continues to suffer from high costs.
Over the past three months, shares of T. Rowe Price have lost 1.6% against the industry&#39;s 2% growth.
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Currently, TROW carries a Zacks Rank #3 (Hold).
<h3>Performance of Other Asset Managers</h3>
Franklin Resources, Inc. reported its preliminary AUM of $1.66 trillion as of Jul 31, 2024. This reflected an increase of 1% from the prior month&#39;s level.
The improvement in BEN&#39;s AUM balance was primarily due to the impact of positive markets, partially offset by long-term net outflows.
Cohen &amp; Steers, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cns#NYSE">CNS</a>) reported its preliminary AUM of $84.6 billion as of Jul 31, 2024. This reflected a rise of 4.8% from the prior month&#39;s level.
The increase in CNS&#39; AUM balance was driven by the market appreciation of $41 billion, partially offset by net outflows of $45 million and distributions of $153 million.
<a href="https://www.zacks.com/stock/news/2321440/t-rowe-price-trow-records-1-1-sequential-rise-in-july-aum?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2321440">To read this article on Zacks.com click here.</a>

Mid Cap

T. Rowe Price Records 1.1% Sequential Rise in July AUM

The latest update is out from T Rowe Price ( ($TROW) ). T. Rowe Price Group, Inc. has announced that effective December 31, 2024, Justin Thomson wi...

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8 Dividend Aristocrats For Monthly 6% Yield

Dividend stocks provide reliable income streams, favorable tax rates, stability during economic downturns, and the potential for long-term portfolio growth. In this context, retirees may want to consider dividend-paying stocks like Coca-Cola (KO), Consolidated Edison (ED), and T. Rowe Price Group (TROW). Keep reading... Dividend stocks provide a reliable income stream essential for retirees seeking steady cash flow. Taxed at lower rates than ordinary income, they help reduce overall tax liability. With regular payments and the potential for growing dividends, companies with a consistent dividend history often demonstrate greater stability and resilience during economic downturns.
Therefore, retirees seeking consistent income might consider quality dividend stocks such as The Coca-Cola Company (<a href="https://stocknews.com/stock/KO/">KO</a>), Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>), and T. Rowe Price Group, Inc. (<a href="https://stocknews.com/stock/TROW/">TROW</a>).
Rising Middle East tensions and uncertainty over rate cuts are increasing demand for safe-haven assets like the U.S. dollar, highlighting geopolitical risks. In this environment, dividend stocks stand out for their resilience during market fluctuations, offering a reliable cushion against potential losses and a strong potential for long-term portfolio growth.
On the other hand, strong U.S. jobs data reveals the largest jump in nonfarm payrolls in six months, along with a lower unemployment rate and robust wage growth. The U.S. 10-year Treasury yield surpassed 4%, boosting market sentiment. Meanwhile, the Federal Reserve is anticipated to cut interest rates by <a href="https://www.reuters.com/markets/currencies/dollar-roll-after-us-jobs-data-middle-east-flare-up-2024-10-07/">25 basis points</a>, potentially providing further economic support.
Hence, dividend stocks across sectors like beverages, utilities, and asset management offer portfolio diversification while reinvesting dividends can compound returns, providing retirees with enhanced long-term financial security. Considering these conducive trends, let's analyze the fundamental aspects of the three dividend picks.
The Coca-Cola Company (<a href="https://stocknews.com/stock/KO/">KO</a>) 
KO manufactures, markets, and sells various non-alcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors, water, sports, coffee, tea, juice, value-added dairy, plant-based beverages, and other beverages.
On September 17, 2024, KO and Bacardi Limited announced plans to launch a BACARDÍ rum and Coca-Cola ready-to-drink pre-mixed cocktail in 2025. The initial rollout will be in select European markets and Mexico.
On August 8, 2024, KO's Fanta and Warner Bros. Pictures announced a global partnership, launching a limited-edition Beetlejuice-inspired Fanta flavor ahead of the movie "Beetlejuice Beetlejuice," releasing in September. The special edition flavor will be available in over 50 markets with exclusive access to themed experiences.
In terms of the trailing-12-month Return on Total Assets, KO's 10.52% is 151.6% higher than the 4.18% industry average. Its 32.08% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> is 144.7% higher than the 13.11% industry average. Also, its 4.37% trailing-12-month Capex/Sales is 35.2% higher than the 3.23% industry average.
KO has paid dividends for 61 consecutive years.  Its annual dividend is $1.94, which translates to a yield of 2.76% at the current share price. Its four-year average dividend yield is 2.97%. Moreover, the company's dividend payouts have increased at a CAGR of 4.7% over the past three years.
KO's net operating revenues for the second quarter ended June 28, 2024, increased 3.3% year-over-year to $12.36 billion. Similarly, its operating income was $2.63 billion, up 9.6% year-over-year. The company's non-GAAP net income amounted to $3.62 billion, a 6.8% increase from the previous year. Additionally, the company's non-GAAP EPS grew 7.7% year-over-year to $0.84.
Street expects KO's EPS for the quarter ended September 30, 2024, to increase marginally year-over-year to $0.75.  Its revenue for the quarter ending March 31, 2025, is expected to rise 3.2% year-over-year to $11.59 billion. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 29.9% to close the last trading session at $69.01.
KO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #20 out of 35 stocks in the B-rated <a href="https://stocknews.com/category/beverages/">Beverages</a> industry. It has a B grade for Stability and Quality. <a href="https://stocknews.com/stock/KO/">Click here</a> to see KO's ratings for Growth, Value, Momentum, and Sentiment.
Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>)
ED and its subsidiaries engage in regulated electric, gas, and steam delivery businesses. It provides electric services to approximately 3.70 million customers in New York City and Westchester County; gas services to about 1.10 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam services to around 1,530 customers in parts of Manhattan.
On July 18, 2024, ED declared a quarterly dividend of 83 cents per share on its common stock, payable on September 16, 2024, to shareholders of record as of August 14, 2024.
In terms of the trailing-12-month gross profit margin, ED's 52.50% is 17% higher than the 44.89% industry average. Its 4.43% trailing-12-month Return on Total Capital is 10% higher than the 4.03% industry average. Also, its 0.22x trailing-12-month asset turnover ratio is 3.7% higher than the 0.22x industry average.
ED pays an annual dividend of $3.32, which translates to a yield of 3.22% at the current share price. Its four-year average dividend yield is 3.67%. In addition, the company's dividend payouts have increased at a CAGR of 2.2% over the past three years. ED has paid dividends for the past 49 years.
In the second quarter ended June 30, 2024, ED's total operating revenues increased by 10.5% year-over-year to $3.22 billion. During the same period, the company's adjusted earnings were $203 million, or $0.59 per share.
For the quarter ended September 30, 2024, ED's EPS and revenue are expected to increase 1.1% and 5% year-over-year to $1.64 and $4.06 billion, respectively. ED surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 17.1% to close the last trading session at $101.14.
ED's robust outlook is reflected in its POWR Ratings. ED has a B grade for Momentum. Within the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, it is ranked #11 out of 59 stocks. To see ED's ratings for Growth, Value, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/ED/">click here</a>.
Rowe Price Group, Inc. (<a href="https://stocknews.com/stock/TROW/">TROW</a>)
TROW is a publicly owned investment manager. The firm provides services to individuals, institutional investors, retirement plans, financial intermediaries, and other institutions. It launches and manages equity and fixed-income mutual funds and invests in public equity and fixed-income markets globally. The firm employs both fundamental and quantitative analysis, using a bottom-up approach.
On September 10, 2024, TROW launched Personalized Retirement Manager (PRM), an industry-first service combining target date strategies with full personalization. PRM uses personal data to create tailored asset allocations, helping participants achieve better retirement outcomes, and can be selected as a Qualified Default Investment Alternative (QDIA) by plan sponsors.
In terms of the trailing-12-month Return on Common Equity, TROW's 19.77% is 90.8% higher than the 10.36% industry average. Its 26.35% trailing-12-month levered FCF margin is 45.8% higher than the 18.07% industry average. In addition, its 0.53x trailing-12-month asset turnover ratio is 145.5% higher than the industry average of 0.22x.
TROW's annualized dividend of $4.96 per share translates to a dividend yield of 4.57% on the current share price. Its four-year average yield is 3.97%. Its dividend payouts have increased at a CAGR of 6.1% over the past three years. Also, TROW has paid dividends for 37 consecutive years.
During the second quarter that ended on June 30, 2024, TROW's net revenues increased 7.6% year-over-year to $1.73 billion. Its adjusted net operating income grew 9.8% from the prior year to $654.90 million. Similarly, the company's adjusted net income attributable to TROW and adjusted EPS were $519.70 million and $2.26, up 11.4% and 11.9%, respectively, from the prior year's quarter.
Analysts expect TROW's EPS for the quarter ended September 30, 2024, to increase 6% year-over-year to $2.30. Its revenue for the same quarter is expected to grow 9.9% year-over-year to $1.84 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. TROW's stock has gained 4.7% over the past year to close the last trading session at $106.63.
TROW's strong fundamentals are reflected in its POWR Ratings. It has a B grade for Quality. Within the <a href="https://stocknews.com/category/asset-management/">Asset Management</a> industry, it is ranked #15 out of 47 stocks. To access TROW's grades for Growth, Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/TROW/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

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KO shares were trading at $69.07 per share on Tuesday afternoon, up $0.06 (+0.09%). Year-to-date, KO has gained 19.88%, versus a 21.47% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ko-ed-trow-3-dividend-stocks-for-retirees-seeking-consistent-income/>3 Dividend Stocks for Retirees Seeking Consistent Income</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Dividend Stocks for Retirees Seeking Consistent Income

Wells Fargo analyst Michael Brown maintained a Hold rating on T Rowe Price (TROW – Research Report) today and set a price target of $112.00. The co...

Wells Fargo Keeps Their Hold Rating on T Rowe Price (TROW)

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Barclays analyst Benjamin Budish maintained a Sell rating on T Rowe Price (TROW – Research Report) on October 11 and set a price target of $101.00....

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