T. Rowe Price Group (TROW) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last twelve months. There are currently 6 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" TROW shares.
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11 equities research analysts have issued 12-month price targets for T. Rowe Price Group's shares. Their TROW share price forecasts range from $65.00 to $115.00. On average, they anticipate the company's stock price to reach $93.73 in the next year. This suggests that the stock has a possible downside of 18.1%.
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T. Rowe Price Group's stock was trading at $109.06 at the beginning of the year. Since then, TROW shares have increased by 5.0% and is now trading at $114.47.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
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T. Rowe Price Group, Inc. (NASDAQ:TROW) posted its earnings results on Tuesday, May, 2nd. The asset manager reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.07. The asset manager earned $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. T. Rowe Price Group had a net margin of 22.90% and a trailing twelve-month return on equity of 17.92%. The company's quarterly revenue was down 17.5% on a year-over-year basis. During the same period last year, the company earned $2.62 EPS.
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T. Rowe Price Group announced a quarterly dividend on Tuesday, May 9th. Shareholders of record on Thursday, June 15th will be given a dividend of $1.22 per share on Thursday, June 29th. This represents a $4.88 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for TROW.

ETFs with the largest weight of T. Rowe Price Group (NASDAQ:TROW) stock in their portfolio include ALPS O'Shares U.S. Quality Dividend ETF (OUSA), The Acquirers Fund (ZIG), Hennessy Stance ESG Large Cap ETF (STNC), Gabelli Financial Services Opportunities ETF (GABF), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Invesco High Yield Equity Dividend Achievers ETF (PEY), First Trust Financial AlphaDEX Fund (FXO) and ALPS Hillman Active Value ETF (HVAL).

T. Rowe Price Group (NASDAQ:TROW) pays an annual dividend of $4.88 per share and currently has a dividend yield of 4.42%. TROW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 38 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 79.87%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TROW will have a dividend payout ratio of 70.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TROW.

239 employees have rated T. Rowe Price Group Chief Executive Officer William J. Stromberg on Glassdoor.com. William J. Stromberg has an approval rating of 91% among the company's employees. This puts William J. Stromberg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other T. Rowe Price Group investors own include AT&T (T), Johnson & Johnson (JNJ), AbbVie (ABBV), Intel (INTC), Exxon Mobil (XOM), Cisco Systems (CSCO), PepsiCo (PEP), Verizon Communications (VZ), Walmart (WMT) and Home Depot (HD).

T. Rowe Price Group trades on the NASDAQ under the ticker symbol "TROW."

T. Rowe Price Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.69%), State Street Corp (6.46%), Fayez Sarofim & Co (3.37%), Geode Capital Management LLC (2.19%), Charles Schwab Investment Management Inc. (2.02%) and American Century Companies Inc. (1.47%). Insiders that own company stock include Andrew C Mccormick, Andrew Justin Mackenzi Thomson, Christopher D Alderson, David Oestreicher, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Robert F Maclellan, Sebastien Page, W Sharps Robert and William J Stromberg.
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Shares of TROW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TROW stock can currently be purchased for approximately $114.47.

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $25.71 billion and generates $6.16 billion in revenue each year. The asset manager earns $1.56 billion in net income (profit) each year or $6.11 on an earnings per share basis.

The company employs 7,868 workers across the globe.

T. Rowe Price Group's mailing address is 100 EAST PRATT STREET, BALTIMORE MD, 21202. The official website for the company is www.troweprice.com. The asset manager can be reached via phone at (410) 345-2000, via email at info@troweprice.com, or via fax at 410-345-2394.