T. Rowe Price Group VP Unloads 11969 Shares of Stock in Insider Selling

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T. ($NASDAQ:TROW): The company is headquartered in Baltimore, Maryland and operates offices in major cities throughout the world. The stock has been performing well on the market, with its share price increasing by almost 10% in the past year alone. The insider selling of shares indicates that the VP is looking to capitalize on the stock’s success and has likely locked in a tidy profit from the sale.

Price History

On Friday, T. ROWE PRICE Group Vice President, Michael W. Hannon, unloaded 11969 shares of T. ROWE PRICE stock. The stock opened at $107.9 and closed at $107.9, up by 0.9% from its previous closing price of $106.9. This insider selling of T. ROWE PRICE stock is a notable event for the company and investors, as it is likely to have an effect on the stock’s performance in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for TROW. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for TROW. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for TROW. More…

Key Ratios Snapshot

Some of the financial key ratios for TROW are shown below. More…

Analysis

According to our Star Chart, T. ROWE PRICE scored a perfect 10/10 with regard to their cashflows and debt, meaning they have the capability to pay off debt and fund future operations. Meanwhile, it is weaker in growth. Overall, we categorized T. ROWE PRICE as a ‘cow’, a type of company that pays out consistent and sustainable dividends. This makes T. ROWE PRICE an attractive option for investors who are looking for a steady dividend income. Such investors often capitalize on the stability provided by this type of company, as well as any potential increase in stock price from long-term investments. Furthermore, T. ROWE PRICE also provides an alternative for those wanting to diversify their investment portfolio. More…

Peers

The firm provides its services to individuals, institutions, retirement plans, trusts, and partnerships. It launches and manages equity, fixed income, balanced, and commodity mutual funds. The company was founded in 1937 and is headquartered in Baltimore, Maryland. As of December 31, 2017, T. Rowe Price Group Inc had $934.2 billion in assets under management (AUM). Federated Hermes Inc, Franklin Resources Inc, and ABC arbitrage SA are all competitors of T. Rowe Price Group Inc. Federated Hermes Inc is a global investment manager that offers a range of investment products, including equities, fixed income, and alternatives. As of December 31, 2017, Federated Hermes Inc had $590.6 billion in AUM. Franklin Resources Inc is a global investment management company that provides investment management and related services to institutional and individual investors. As of June 30, 2018, Franklin Resources Inc had $737.2 billion in AUM. ABC arbitrage SA is a French asset management company that specializes in convertible bonds and global equity markets arbitrage. As of December 31, 2017, ABC arbitrage SA had €5.4 billion in assets under management.

– Federated Hermes Inc ($NYSE:FHI)

Federated Hermes Inc. is a publicly traded company with a market capitalization of $2.86 billion as of 2022. The company has a return on equity of 22.41%. Federated Hermes Inc. is a financial services company that provides asset management and related services to individuals, families, institutions, and businesses. The company offers a broad range of investment strategies and products, including equity, fixed income, and alternative investments.

– Franklin Resources Inc ($NYSE:BEN)

Franklin Resources Inc is a publicly owned asset management holding company based in San Mateo, California. The company, through its subsidiaries, manages mutual funds and other investment portfolios. It also provides investment management and advisory services to institutional clients. As of December 31, 2020, Franklin Resources Inc had $744.2 billion in assets under management.

The company’s market cap is 11.69B as of 2022. The company has a return on equity of 12.45%. The company’s primary business is managing mutual funds and other investment portfolios. The company also provides investment management and advisory services to institutional clients.

– ABC arbitrage SA ($LTS:0OPJ)

ABC arbitrage SA is a French holding company that engages in the provision of financial services. The company operates through the following segments: Asset Management, Corporate Finance, and Market Making. The Asset Management segment offers investment products and services to individuals, professionals, and institutional clients. The Corporate Finance segment provides financing and advisory services to companies. The Market Making segment deals with market making activities in listed securities. ABC arbitrage SA was founded in 1991 and is headquartered in Paris, France.

Summary

T. Rowe Price Group Inc. recently disclosed that a company Vice President sold 11969 shares of the company’s stock. This is an important development for investors, as it provides insight into the sentiment of insider shareholders. Analyzing insider transactions can provide valuable clues about the direction of the stock, as insiders often have inside knowledge about the company’s performance.

In addition to monitoring insider trades, investors should also review the company’s financials and other information related to their investment. Understanding the company’s fundamentals, adherence to industry trends, and risk profile can help investors make informed decisions when it comes to investing in T. Rowe Price Group Inc.