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S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
66,000% upside on tiny biotech? (Ad)
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
66,000% upside on tiny biotech? (Ad)
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
S&P 500   4,288.05
DOW   33,507.50
QQQ   358.27
Powerball jackpot rises to $1.04 billion after another drawing without a big winner
66,000% upside on tiny biotech? (Ad)
Federal agency sues Chipotle after a Kansas manager allegedly ripped off an employee's hijab
Promoting tradition as well as beans, Ethiopian coffee shops find fans far from home
66,000% upside on tiny biotech? (Ad)
Who is Arthur Engoron? Judge weighing future of Donald Trump empire is Ivy League-educated ex-cabbie
Disney, DeSantis legal fights ratchet up as company demands documents from Florida governor
66,000% upside on tiny biotech? (Ad)
Apple says it will fix software problems blamed for making iPhone 15 models too hot to handle
Native Hawaiian neighborhood survived Maui fire. Lahaina locals praise its cultural significance
NASDAQ:TROW

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

$104.87
+0.73 (+0.70%)
(As of 09/29/2023 ET)
Compare
Today's Range
$104.64
▼
$106.28
50-Day Range
$103.30
▼
$126.79
52-Week Range
$93.53
▼
$134.64
Volume
1.43 million shs
Average Volume
1.18 million shs
Market Capitalization
$23.52 billion
P/E Ratio
15.63
Dividend Yield
4.65%
Price Target
$96.73
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating
Strong Sell
1.45 Rating Score
Upside/​Downside
7.8% Downside
$96.73 Price Target
Short Interest
Bearish
7.88% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.76mentions of T. Rowe Price Group in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$1.86 M Sold Last Quarter
Proj. Earnings Growth
3.43%
From $7.29 to $7.54 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.23 out of 5 stars

Finance Sector

567th out of 884 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

6th out of 9 stocks

See Top Rated MarketRank™ Stocks Here

TROW stock logo

About T. Rowe Price Group (NASDAQ:TROW) Stock

T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.

TROW Price History

TROW Stock News Headlines

October 1, 2023 | americanbankingnews.com
Andrew C. Mccormick Sells 5,040 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) Stock
September 29, 2023 | benzinga.com
Vice President of T. Rowe Price Gr Sold $522K In Stock
October 1, 2023 | Legacy Research (Ad)
Man Gets Into a Self-Driving Tesla… What Happens Next will Shock Everyone (Video)
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September 28, 2023 | finance.yahoo.com
Insider Sell: Vice President Andrew McCormick Sells 5040 Shares of T. Rowe Price Group Inc
September 26, 2023 | finance.yahoo.com
T. ROWE PRICE PUBLISHES NEW STUDY SHOWING THAT 401(k) LOANS ARE ON THE RISE AND EMERGENCY SAVINGS ARE LOW AMID INFLATION IN FIRST HALF 2023
September 25, 2023 | gurufocus.com
Navigating Market Uncertainty: Intrinsic Value of T. Rowe Price Group Inc
September 23, 2023 | msn.com
T. Rowe Approaches Crucial Turning Point Signaling Buy Prospect
September 22, 2023 | finance.yahoo.com
Beyond Market Price: Uncovering T. Rowe Price Group Inc's Intrinsic Value
October 1, 2023 | Chaikin Analytics (Ad)
This is the #1 Stock to Buy for the AI Tidal Wave
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September 20, 2023 | finance.yahoo.com
OHA is the Lead Left Arranger for Lindsay Goldberg's acquisition of Kleinfelder
September 19, 2023 | finance.yahoo.com
T. ROWE PRICE: NEW REPORT ON WHY RECENT RETIREES WANT TO RETURN TO WORK
September 18, 2023 | msn.com
T. Rowe Price appoints Ramon Richards as chief technology officer
September 18, 2023 | finance.yahoo.com
Driving Prosperity, Power, and Progress: Celebrating Hispanic Heritage Month
September 16, 2023 | finance.yahoo.com
With 60% ownership of the shares, Strattec Security Corporation (NASDAQ:STRT) is heavily dominated by institutional owners
September 14, 2023 | finance.yahoo.com
T. Rowe Price's (TROW) August AUM Declines 2.2% on Weak Markets
September 14, 2023 | finance.yahoo.com
Unveiling the Dividend Performance of T. Rowe Price Group Inc (TROW)
September 14, 2023 | finance.yahoo.com
T. ROWE PRICE ANNOUNCES ADDITION OF SENIOR EXECUTIVE TO INSTITUTIONAL BUSINESS IN CANADA
September 13, 2023 | finance.yahoo.com
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2023
September 13, 2023 | finance.yahoo.com
Markets Rise at Midday Amid Expectations Fed Will Pause Rate Hikes
September 13, 2023 | finance.yahoo.com
Markets Rise at Midday Despite Hotter-Than-Expected Inflation Figures
September 12, 2023 | finance.yahoo.com
T. ROWE PRICE: HOME EXPENSES FIVE TIMES MORE LIKELY THAN HEALTH-CARE EXPENSES TO DRIVE SPENDING VOLATILITY IN RETIREMENT
September 9, 2023 | finance.yahoo.com
Four Days Left To Buy T. Rowe Price Group, Inc. (NASDAQ:TROW) Before The Ex-Dividend Date
September 8, 2023 | marketwatch.com
T. Rowe Price Group Inc. stock underperforms Friday when compared to competitors
September 6, 2023 | seekingalpha.com
T. Rowe Price Group: Still The Time To Buy (Rating Upgrade)
September 5, 2023 | benzinga.com
Peering Into T. Rowe Price Gr's Recent Short Interest
September 5, 2023 | finance.yahoo.com
Secretive active ETFs lose out to their fully transparent rivals
September 2, 2023 | finance.yahoo.com
Vice President Thomson Andrew Justin Mackenzie Sells 11,969 Shares of T. Rowe Price Group Inc
See More Headlines
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TROW Company Calendar

Last Earnings
7/28/2023
Ex-Dividend for 9/28 Dividend
9/14/2023
Dividend Payable
9/28/2023
Today
10/01/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Security & commodity brokers, dealers, exchanges & services
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:TROW
CUSIP
74144T10
CIK
1113169
Web
www.troweprice.com
Phone
(410) 345-2000
Fax
410-345-2394
Employees
7,868
Year Founded
1937

Price Target and Rating

Average Stock Price Forecast
$96.73
High Stock Price Forecast
$123.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-7.8%
Consensus Rating
Strong Sell
Rating Score (0-4)
1.45
Research Coverage
11 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$6.71
Trailing P/E Ratio
15.63
Forward P/E Ratio
14.39
P/E Growth
3.12
Net Income
$1.56 billion
Net Margins
24.73%
Pretax Margin
34.18%
Return on Equity
18.30%
Return on Assets
13.93%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
3.22
Quick Ratio
3.22

Sales & Book Value

Annual Sales
$6.49 billion
Price / Sales
3.63
Cash Flow
$11.31 per share
Price / Cash Flow
9.27
Book Value
$40.41 per share
Price / Book
2.60

Miscellaneous

Outstanding Shares
224,290,000
Free Float
219,585,000
Market Cap
$23.52 billion
Optionable
Optionable
Beta
1.32

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Key Executives

  • Mr. Robert W. Sharps C.F.A. (Age 52)
    CFA, CPA, Pres, CEO & Director
    Comp: $8.44M
  • Ms. Jennifer Benson Dardis (Age 50)
    VP, CFO & Treasurer
    Comp: $2.74M
  • Mr. Eric Lanoue Veiel C.F.A. (Age 51)
    Chief Investment Officer & Head of Global Equity
    Comp: $6.44M
  • Mr. Justin Thomson (Age 55)
    VP, Head of International Equity & CIO for International Equities
    Comp: $6.1M
  • Mr. Glenn Russell August (Age 61)
    CEO of OHA, VP & Director
    Comp: $12.03M
  • Ms. Kimberly H. Johnson (Age 50)
    VP & COO
  • Mr. Sébastien Page C.F.A. (Age 46)
    CFA, VP, Head of Global Multi-Asset & CIO
  • Ms. Jessica M. HieblerMs. Jessica M. Hiebler (Age 47)
    Principal Accounting Officer, Controller & VP
  • Ms. Linsley Carruth
    Director of Investor Relations
  • Mr. David S. Oestreicher Esq. (Age 56)
    J.D., VP, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













TROW Stock - Frequently Asked Questions

Should I buy or sell T. Rowe Price Group stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 6 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "strong sell" TROW shares.
View TROW analyst ratings or view top-rated stocks.

What is T. Rowe Price Group's stock price forecast for 2023?

11 Wall Street analysts have issued 1-year price objectives for T. Rowe Price Group's shares. Their TROW share price forecasts range from $65.00 to $123.00. On average, they expect the company's share price to reach $96.73 in the next year. This suggests that the stock has a possible downside of 7.8%.
View analysts price targets for TROW or view top-rated stocks among Wall Street analysts.

How have TROW shares performed in 2023?

T. Rowe Price Group's stock was trading at $109.06 at the start of the year. Since then, TROW stock has decreased by 3.8% and is now trading at $104.87.
View the best growth stocks for 2023 here.

When is T. Rowe Price Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TROW earnings forecast.

How were T. Rowe Price Group's earnings last quarter?

T. Rowe Price Group, Inc. (NASDAQ:TROW) released its quarterly earnings data on Friday, July, 28th. The asset manager reported $2.02 EPS for the quarter, beating analysts' consensus estimates of $1.73 by $0.29. The asset manager had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.60 billion. T. Rowe Price Group had a trailing twelve-month return on equity of 18.30% and a net margin of 24.73%. T. Rowe Price Group's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company posted $1.79 earnings per share.
Read the conference call transcript.

How often does T. Rowe Price Group pay dividends? What is the dividend yield for T. Rowe Price Group?

T. Rowe Price Group declared a quarterly dividend on Monday, July 31st. Stockholders of record on Friday, September 15th will be given a dividend of $1.22 per share on Thursday, September 28th. This represents a $4.88 annualized dividend and a yield of 4.65%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for TROW.

What ETFs hold T. Rowe Price Group's stock?

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), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Gabelli Financial Services Opportunities ETF (GABF), John Hancock U.S. High Dividend ETF (JHDV), SPDR S&P Dividend ETF (SDY), ProShares Russell US Dividend Growers ETF (TMDV), SPDR S&P Capital Markets ETF (KCE) and FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG).

Is T. Rowe Price Group a good dividend stock?

T. Rowe Price Group (NASDAQ:TROW) pays an annual dividend of $4.88 per share and currently has a dividend yield of 4.69%. 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 72.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TROW will have a dividend payout ratio of 64.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TROW.

What is William J. Stromberg's approval rating as T. Rowe Price Group's CEO?

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.

What other stocks do shareholders of T. Rowe Price Group own?

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).

What is T. Rowe Price Group's stock symbol?

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

How do I buy shares of T. Rowe Price Group?

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.
Compare Top Brokerages Here.

What is T. Rowe Price Group's stock price today?

One share of TROW stock can currently be purchased for approximately $104.87.

How much money does T. Rowe Price Group make?

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $23.52 billion and generates $6.49 billion in revenue each year. The asset manager earns $1.56 billion in net income (profit) each year or $6.71 on an earnings per share basis.

How many employees does T. Rowe Price Group have?

The company employs 7,868 workers across the globe.

Does T. Rowe Price Group have any subsidiaries?
The following companies are subsidiares of T. Rowe Price Group: OHA (UK) LLP, Oak Hill Advisors, Oak Hill Advisors (Australia) Pty Ltd, Oak Hill Advisors (Europe) LLP, Oak Hill Advisors (Hong Kong) Limited, Oak Hill Advisors (U.K. Services) Limited, Oak Hill Advisors L.P., Oak Hill Advisors Sarl Luxembourg, T. Rowe Price (Canada) Inc., T. Rowe Price (Luxembourg) Management Sarl, T. Rowe Price (Switzerland) GmbH, T. Rowe Price Advisory Services Inc., T. Rowe Price Associates Inc., T. Rowe Price Australia Ltd., T. Rowe Price Exchange-Traded Funds Inc., T. Rowe Price Funds SICAV, T. Rowe Price Global Funds Inc., T. Rowe Price Hong Kong Limited, T. Rowe Price International Funds Inc., T. Rowe Price International Ltd, T. Rowe Price Investment Consulting (Shanghai) Co. Ltd., T. Rowe Price Investment Management Inc., T. Rowe Price Investment Services Inc., T. Rowe Price Japan Inc., T. Rowe Price Multi-Sector Account Portfolios Inc., T. Rowe Price Retirement Funds Inc., T. Rowe Price Retirement Plan Services Inc., T. Rowe Price Services Inc., T. Rowe Price Singapore Private Ltd., T. Rowe Price Trust Company, T. Rowe Price UK Ltd., TRP Colorado Springs LLC, TRP Office Florida LLC, TRP Suburban Inc., TRP Suburban Second Inc., and TRPH Corporation.
Read More
How can I contact T. Rowe Price Group?

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.

This page (NASDAQ:TROW) was last updated on 10/1/2023 by MarketBeat.com Staff

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