T. Rowe Price Group, Inc. announced a quarterly dividend of $1.27 per share, with a yield of 4.8%, to be paid on September 29th to shareholders of record on September 15th. The company's latest earnings report showed earnings per share (EPS) of $2.24, surpassing estimates by $0.09, although revenue decreased by 0.6% year-over-year. T. Rowe Price Group's dividend payout ratio stands at 60.3%, indicating that the dividend is well-supported by earnings, with an expected future payout ratio of 52.8%. Analysts expect the company to earn $9.62 per share next year, which means the $5.08 annual dividend will continue to be covered. The stock traded up $0.21 during trading on Monday, reaching $105.27, with a trading volume of 1,123,661 shares compared to its average volume of 1,828,781. The company has a market cap of $23.13 billion, a price-to-earnings ratio of 11.76, a price-to-earnings-growth ratio of 2.86, and a beta of 1.47. The firm's twelve-month low is $77.85 and twelve-month high is $125.81. The 50-day simple moving average is $99.50 and the 200-day simple moving average is $97.93. T. Rowe Price Group last reported its quarterly earnings on August 1st, reporting $2.24 EPS, beating the consensus estimate of $2.15 by $0.09. Revenue for the quarter was $1.72 billion, in line with expectations, and the company achieved a return on equity of 19.77% and a net margin of 28.72%. Revenue was down 0.6% compared to the same quarter last year, when EPS was $2.26. Sell-side analysts expect T. Rowe Price Group to post 9.29 earnings per share for the current year. In insider activity, a VP sold 2,000 shares at an average price of $95.43, totaling $190,860.00, reducing their ownership by 4.27%. The vice president now owns 44,789 shares valued at approximately $4,274,214.27. Corporate insiders own 1.60% of the company's stock. Hedge fund activity shows Wealthspire Advisors LLC increased its holdings by 5.2%, Vanguard Group Inc. by 0.5%, Poehling Capital Management INC. by 2.7%, Nomura Asset Management Co. Ltd. by 22.7%, and Y.D. More Investments Ltd. by 10.4%. Hedge funds and other institutional investors collectively own 73.39% of the company's stock. T. Rowe Price Group is a publicly owned investment manager providing services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. The firm launches and manages equity and fixed income mutual funds and invests in public equity and fixed income markets globally.

T. Rowe Price Group, Inc. Announces Quarterly Dividend of $1.27 (NASDAQ:TROW)

T. Rowe Price Group, Inc. announced a quarterly dividend of $1.27 per share, with a yield of 4.8%, to be paid on September 29th to shareholders of record on September 15th. The company reported earnings per share (EPS) of $2.24 for the quarter, exceeding estimates by $0.09, despite a 0.6% year-over-year revenue decline. The dividend payout ratio is 60.3%, with an expected future ratio of 52.8%. Analysts project EPS of $9.62 for next year, supporting the $5.08 annual dividend. The stock rose to $105.27 on Monday, with a trading volume of 1,123,661 shares. The company has a market cap of $23.13 billion, a P/E ratio of 11.76, and a beta of 1.47. A vice president sold 2,000 shares at $95.43, reducing insider ownership by 4.27%. Institutional investors, including Wealthspire Advisors, Vanguard Group, and Nomura, increased their holdings. T. Rowe Price is a global investment manager offering mutual funds and investment services to individuals, institutions, and retirement plans.