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

$118.39
+3.90 (+3.41%)
(As of 06/12/2024 ET)
Today's Range
$117.23
$120.54
50-Day Range
$108.72
$119.65
52-Week Range
$87.43
$132.76
Volume
1.76 million shs
Average Volume
1.38 million shs
Market Capitalization
$26.44 billion
P/E Ratio
14.06
Dividend Yield
4.19%
Price Target
$112.10

T. Rowe Price Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.60 Rating Score
Upside/​Downside
5.3% Downside
$112.10 Price Target
Short Interest
Healthy
3.96% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
1.23mentions of T. Rowe Price Group in the last 14 days
Based on 14 Articles This Week
Insider Trading
Selling Shares
$344,102 Sold Last Quarter
Proj. Earnings Growth
0.68%
From $8.80 to $8.86 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.

4.20 out of 5 stars

Finance Sector

270th out of 860 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

T. Rowe Price Group, Inc. (TROW) To Go Ex-Dividend on June 14th
T. Rowe Price: A Dividend Not To Be Missed
T. Rowe Price Releases 2023 Community Snapshot
KBW Issues a Hold Rating on T Rowe Price (TROW)
15 Best States to Retire for Women in the US
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Last Earnings
4/26/2024
Today
6/12/2024
Ex-Dividend for 6/27 Dividend
6/14/2024
Dividend Payable
6/27/2024
Next Earnings (Estimated)
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
$112.10
High Stock Price Target
$125.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-5.3%
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
$6.67 billion
Cash Flow
$10.29 per share
Book Value
$43.46 per share

Miscellaneous

Free Float
218,834,000
Market Cap
$26.44 billion
Optionable
Optionable
Beta
1.43

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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

Should I Buy T. Rowe Price Group Stock? TROW Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in T. Rowe Price Group, Inc.:

  • T. Rowe Price Group, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has a healthy dividend payout ratio, providing investors with a steady income stream.
  • Recent insider trading activity shows positive sentiment, with key executives purchasing company shares, signaling confidence in future performance.
  • Analyst recommendations have been favorable, with price targets indicating potential upside for the stock.
  • The stock price of T. Rowe Price Group, Inc. has been trending upwards, reflecting positive market sentiment.

Cons

Investors should be bearish about investing in T. Rowe Price Group, Inc. for these reasons:

  • Market volatility could impact the company's stock price, leading to potential short-term fluctuations.
  • Increased competition in the asset management industry may put pressure on T. Rowe Price Group, Inc.'s market share and profitability.
  • Changes in regulatory environment or economic conditions could affect the company's operations and financial performance.
  • High dependence on market performance and investor sentiment, making the stock susceptible to external factors.
  • Potential impact of interest rate changes on the company's investment portfolios and revenue streams.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, June 3, 2024. Please send any questions or comments about these T. Rowe Price Group pros and cons to contact@marketbeat.com.

TROW Stock Analysis - Frequently Asked Questions

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

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 4 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" TROW shares.
View TROW analyst ratings
or view top-rated stocks.

What is T. Rowe Price Group's stock price target for 2024?

10 brokers have issued 1-year price objectives for T. Rowe Price Group's shares. Their TROW share price targets range from $100.00 to $125.00. On average, they predict the company's share price to reach $112.10 in the next twelve months. This suggests that the stock has a possible downside of 5.3%.
View analysts price targets for TROW
or view top-rated stocks among Wall Street analysts.

How have TROW shares performed in 2024?

T. Rowe Price Group's stock was trading at $107.69 at the beginning of the year. Since then, TROW stock has increased by 9.9% and is now trading at $118.39.
View the best growth stocks for 2024 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Friday, July 26th 2024.
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 Friday, April, 26th. The asset manager reported $2.38 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.34. The asset manager had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.71 billion. T. Rowe Price Group had a trailing twelve-month return on equity of 19.70% and a net margin of 29.09%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 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 Tuesday, May 7th. Stockholders of record on Friday, June 14th will be paid a dividend of $1.24 per share on Thursday, June 27th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend is Friday, 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 $4.96 per share and currently has a dividend yield of 4.29%. TROW has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TROW will have a dividend payout ratio of 55.98% 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).

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

T. Rowe Price Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.61%), Fayez Sarofim & Co (2.83%), Bank of New York Mellon Corp (0.80%), ProShare Advisors LLC (0.71%), Confluence Investment Management LLC (0.48%) and Capital World Investors (0.41%). Insiders that own company stock include Andrew C Mccormick, Andrew Justin Mackenzi Thomson, Freeman A Hrabowski III, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Robert F Maclellan, Sebastien Page 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NASDAQ:TROW) was last updated on 6/13/2024 by MarketBeat.com Staff

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