Tounjian Advisory Partners LLC has initiated a new position in T. Rowe Price Group (NASDAQ:TROW), purchasing 17,366 shares valued at approximately $1.78 million in the third quarter. Despite the firm missing Q3 EPS estimates by $0.03, it increased its quarterly dividend to $1.30, resulting in an annualized payout of $5.20 and a yield of approximately 5.5%. Analysts maintain a cautious stance, with an average rating of “Reduce” and an average price target of $102.23.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Tounjian Advisory Partners LLC Makes New Investment in T. Rowe Price Group, Inc. $TROW
Tounjian Advisory Partners LLC has initiated a new position in T. Rowe Price Group (NASDAQ:TROW), purchasing 17,366 shares valued at approximately $1.78 million in the third quarter. Despite the firm missing Q3 EPS estimates by $0.03, it increased its quarterly dividend to $1.30, resulting in an annualized payout of $5.20 and a yield of approximately 5.5%. Analysts maintain a cautious stance, with an average rating of “Reduce” and an average price target of $102.23.