TROW Slumps to 476th in Trading Volume Ranking as Turnover Drops 49.24 Percent

Generado por agente de IAAinvest Market Brief
lunes, 5 de mayo de 2025, 7:48 pm ET1 min de lectura
TROW--

On May 5, 2025, T. Rowe Price Group (TROW) experienced a significant decline in trading volume, with a total turnover of $170 million, marking a 49.24% decrease from the previous day. This placed TROWTROW-- at the 476th position in terms of trading volume among all stocks for the day. The stock price of T. Rowe Price Group also decreased by 0.24%.

T. Rowe Price Group reported an adjusted earnings per share (EPS) of $2.23 for the first quarter of 2025, surpassing the consensus estimate of $2.09. This performance marked a 5.2% positive surprise, although it represented a 6.3% decrease from the previous year's EPS of $2.38. The company also reported net outflows of $8.6 billion, primarily driven by market conditions and investor sentiment.

Goldman Sachs has adjusted its price target for T. Rowe Price Group to $82 from $80, while maintaining a sell rating. This adjustment reflects the firm's assessment of the company's current financial performance and future prospects. Additionally, Bank of AmericaBAC-- has also adjusted its price target and earnings forecast for T. Rowe Price Group, acknowledging the company's recent financial results and market dynamics.

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