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

$112.08
-3.41 (-2.95%)
(As of 07/26/2024 ET)
Today's Range
$109.54
$113.38
50-Day Range
$112.08
$120.75
52-Week Range
$87.43
$132.76
Volume
1.97 million shs
Average Volume
1.30 million shs
Market Capitalization
$25.03 billion
P/E Ratio
13.31
Dividend Yield
4.43%
Price Target
$113.50

T. Rowe Price Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
1.3% Upside
$113.50 Price Target
Short Interest
Healthy
3.99% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.87mentions of T. Rowe Price Group in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$740,408 Sold Last Quarter
Proj. Earnings Growth
1.45%
From $8.98 to $9.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.18 out of 5 stars

Finance Sector

204th out of 898 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

6th out of 10 stocks

TROW stock logo

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

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 Stock Price History

TROW Stock News Headlines

Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Here's what Wall Street expects from T Rowe Price Group's earnings
T. Rowe Price Group (TROW) Scheduled to Post Earnings on Friday
Collapse of the Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
7 Dividend Aristocrats Offering High-Yield Returns
See More Headlines
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Company Calendar

Ex-Dividend for 6/27 Dividend
6/14/2024
Dividend Payable
6/27/2024
Today
7/26/2024
Last Earnings
7/26/2024
Next Earnings (Confirmed)
7/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security & commodity brokers, dealers, exchanges & services
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:TROW
CUSIP
74144T10
Employees
7,906
Year Founded
1937

Price Target and Rating

Average Stock Price Target
$113.50
High Stock Price Target
$125.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+1.3%
Consensus Rating
Reduce
Rating Score (0-4)
1.60
Research Coverage
10 Analysts

Profitability

Net Income
$1.79 billion
Pretax Margin
39.65%

Debt

Sales & Book Value

Annual Sales
$6.46 billion
Cash Flow
$9.80 per share
Book Value
$43.46 per share

Miscellaneous

Free Float
218,834,000
Market Cap
$25.03 billion
Optionable
Optionable
Beta
1.42

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Key Executives

  • Mr. Robert W. Sharps C.F.A. (Age 53)
    CPA, President, CEO & Director
    Comp: $7.74M
  • Ms. Jennifer Benson Dardis (Age 50)
    VP, CFO & Treasurer
    Comp: $2.62M
  • Mr. Eric Lanoue Veiel C.F.A. (Age 52)
    Head of Global Investments & CIO
    Comp: $5.94M
  • Mr. Justin Thomson (Age 56)
    VP, Head of International Equity & CIO for International Equities
    Comp: $5.44M
  • Ms. Kimberly H. Johnson (Age 51)
    VP & COO
  • Mr. Sébastien Page C.F.A. (Age 47)
    VP, Head of Global Multi-Asset & CIO
  • Ms. Jessica M. HieblerMs. Jessica M. Hiebler (Age 48)
    Principal Accounting Officer, Controller & VP
  • Ms. Linsley Carruth
    Director of Investor Relations
  • Mr. David S. Oestreicher Esq. (Age 57)
    J.D., VP & General Counsel
  • Mr. Edward F. Giltenan
    Head of Global Public Relations & VP

TROW Stock Analysis - Frequently Asked Questions

How have TROW shares performed this year?

T. Rowe Price Group's stock was trading at $107.69 at the beginning of the year. Since then, TROW stock has increased by 4.1% and is now trading at $112.08.
View the best growth stocks for 2024 here
.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) announced its quarterly earnings results on Friday, July, 26th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by $0.01. The business's revenue for the quarter was up 7.6% on a year-over-year basis.

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.

Does T. Rowe Price Group have any subsidiaries?

T. Rowe Price Group subsidiaries include these companies: Oak Hill Advisors, Oak Hill Advisors (Australia) Pty Ltd, Oak Hill Advisors (Europe) LLP, Oak Hill Advisors (Hong Kong) Limited, Oak Hill Advisors L.P., Oak Hill Advisors Sarl Luxembourg, Oak Hill Advisors (U.K. Services) Limited, and others.

Who are T. Rowe Price Group's major shareholders?

Top institutional investors of T. Rowe Price Group include Bank of New York Mellon Corp (0.80%), Confluence Investment Management LLC (0.45%), Boston Trust Walden Corp (0.29%) and Sumitomo Mitsui Trust Holdings Inc. (0.29%). Insiders that own company stock include Andrew Justin Mackenzi Thomson, Andrew C Mccormick, William J Stromberg, Sebastien Page, Dorothy C Sawyer, Robert F Maclellan, Robert CT Higginbotham, Freeman A Hrabowski III and Jessica M Hiebler.
View institutional ownership trends
.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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

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

This page (NASDAQ:TROW) was last updated on 7/26/2024 by MarketBeat.com Staff

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