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BABA   85.50 (+1.30%)
AMD   123.58 (+4.79%)
T   15.63 (+1.56%)
F   12.80 (+1.67%)
MU   68.37 (+0.89%)
CGC   0.76 (-2.57%)
GE   105.72 (+1.56%)
DIS   92.27 (+1.40%)
AMC   4.72 (+1.94%)
PFE   38.56 (-0.23%)
PYPL   64.96 (+0.70%)
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NASDAQ:TROW

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

$112.16
+1.87 (+1.70%)
(As of 11:10 AM ET)
Compare
Today's Range
$110.00
$112.24
50-Day Range
$103.80
$113.80
52-Week Range
$93.53
$134.64
Volume
332,152 shs
Average Volume
1.57 million shs
Market Capitalization
$25.19 billion
P/E Ratio
18.36
Dividend Yield
4.35%
Price Target
$93.73

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating
Reduce
1.45 Rating Score
Upside/​Downside
15.1% Downside
$93.73 Price Target
Short Interest
Bearish
8.48% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.72mentions of T. Rowe Price Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$200,627 Sold Last Quarter
Proj. Earnings Growth
4.95%
From $6.66 to $6.99 Per Share

Overall MarketRank

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

2.25 out of 5 stars

Finance Sector

585th out of 864 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

8th out of 9 stocks


TROW stock logo

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

T. Rowe Price Group, Inc. engages in the provision of investment management services. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.

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TROW Stock News Headlines

Pride 2023: Your Story, Your Power
Is There Still Time to Get In On the Lithium Boom?
"Lithium demand from the electric vehicle (EV) industry is growing at twice the rate of lithium production. By 2030, experts predict that 26 million EVs will be on U.S. roads, up from around 600,000 today. That's why new government incentives have been put in place to support more urgently-needed "Made in America" lithium.
TROW Jun 2023 116.000 call
The 10 Best T. Rowe Price Mutual Funds To Buy Now
Is There Still Time to Get In On the Lithium Boom?
"Lithium demand from the electric vehicle (EV) industry is growing at twice the rate of lithium production. By 2030, experts predict that 26 million EVs will be on U.S. roads, up from around 600,000 today. That's why new government incentives have been put in place to support more urgently-needed "Made in America" lithium.
Is This High-Yield Stock a Buy for Passive Income?
Analyst Expectations for T. Rowe Price Gr's Future
T. Rowe Price: Recovery Underway
2 Top Asset Management Stocks to Buy in May
See More Headlines

TROW Price History

TROW Company Calendar

Ex-Dividend for 3/30 Dividend
3/14/2023
Dividend Payable
3/30/2023
Last Earnings
5/02/2023
Today
6/06/2023
Ex-Dividend for 6/29 Dividend
6/14/2023
Dividend Payable
6/29/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Security & commodity brokers, dealers, exchanges & services
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:TROW
CUSIP
74144T10
Employees
7,868
Year Founded
1937

Price Target and Rating

Average Stock Price Forecast
$93.73
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-15.0%
Consensus Rating
Reduce
Rating Score (0-4)
1.45
Research Coverage
11 Analysts

Profitability

Net Income
$1.56 billion
Pretax Margin
30.65%

Debt

Sales & Book Value

Annual Sales
$6.49 billion
Cash Flow
$11.17 per share
Book Value
$40.41 per share

Miscellaneous

Free Float
219,856,000
Market Cap
$24.77 billion
Optionable
Optionable
Beta
1.30

Social Links


Key Executives

  • Rob Sharps
    President, Chief Executive Officer & Director
  • Kimberly H. Johnson
    Chief Operating Officer
  • Jennifer B. Dardis
    Chief Financial Officer & Treasurer
  • David OestreicherDavid Oestreicher
    Secretary, VP, Chief Legal & General Counsel
  • Jessica M. HieblerJessica M. Hiebler
    Principal Accounting Officer & Vice President













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 "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 brokers have issued twelve-month price objectives for T. Rowe Price Group's stock. Their TROW share price forecasts range from $65.00 to $115.00. On average, they predict the company's share price to reach $93.73 in the next year. This suggests that the stock has a possible downside of 15.0%.
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 on January 1st, 2023. Since then, TROW stock has increased by 1.1% and is now trading at $110.29.
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, July 27th 2023.
View our TROW earnings forecast
.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) announced its quarterly earnings data on Tuesday, May, 2nd. The asset manager reported $1.69 earnings per share 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 trailing twelve-month return on equity of 17.92% and a net margin of 22.90%. The business's quarterly revenue was down 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.62 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 announced a quarterly dividend on Tuesday, May 9th. Stockholders of record on Thursday, June 15th will be paid 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 4.42%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for TROW
.

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 4.40%. 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 69.81% 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."

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

T. Rowe Price Group's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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 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 $110.29.

How much money does T. Rowe Price Group make?

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $24.77 billion and generates $6.49 billion in revenue each year. The asset manager earns $1.56 billion in net income (profit) each year or $6.11 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 6/6/2023 by MarketBeat.com Staff

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