NASDAQ:TROW

T. Rowe Price Group Stock Forecast, Price & News

$196.42
+1.28 (+0.66 %)
(As of 06/25/2021 09:51 AM ET)
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Today's Range
$195.33
$197.21
50-Day Range
$175.28
$196.54
52-Week Range
$118.63
$197.65
Volume2,902 shs
Average Volume1.13 million shs
Market Capitalization$44.56 billion
P/E Ratio16.67
Dividend Yield2.20%
Beta1.16
30 days | 90 days | 365 days | Advanced Chart
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T. Rowe Price Group logo

About T. Rowe Price Group

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, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

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MarketRank

Overall MarketRank

2.13 out of 5 stars

Finance Sector

123rd out of 1,976 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

2nd out of 19 stocks

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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T. Rowe Price Group (NASDAQ:TROW) Frequently Asked Questions

Is T. Rowe Price Group a buy 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 2 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" T. Rowe Price Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TROW, but not buy additional shares or sell existing shares.
View analyst ratings for T. Rowe Price Group
or view top-rated stocks.

What stocks does MarketBeat like better than T. Rowe Price Group?

Wall Street analysts have given T. Rowe Price Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but T. Rowe Price Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

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

T. Rowe Price Group is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for T. Rowe Price Group
.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) released its quarterly earnings results on Thursday, April, 29th. The asset manager reported $3.01 earnings per share for the quarter, topping analysts' consensus estimates of $2.92 by $0.09. The asset manager had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.79 billion. T. Rowe Price Group had a trailing twelve-month return on equity of 33.97% and a net margin of 41.97%. T. Rowe Price Group's revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.87 earnings per share.
View T. Rowe Price Group's earnings history
.

How has T. Rowe Price Group's stock price been impacted by COVID-19?

T. Rowe Price Group's stock was trading at $105.52 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TROW shares have increased by 84.9% and is now trading at $195.14.
View which stocks have been most impacted by COVID-19
.

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 special dividend on Monday, June 14th. Investors of record on Friday, June 25th will be given a dividend of $3.00 per share on Wednesday, July 7th. The ex-dividend date is Thursday, June 24th. This is a boost from T. Rowe Price Group's previous special dividend of $2.00.
View T. Rowe Price Group's dividend history
.

Is T. Rowe Price Group a good dividend stock?

T. Rowe Price Group pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.20%. T. Rowe Price Group has been increasing its dividend for 35 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of T. Rowe Price Group is 45.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, T. Rowe Price Group will have a dividend payout ratio of 33.78% next year. This indicates that T. Rowe Price Group will be able to sustain or increase its dividend.
View T. Rowe Price Group's dividend history.

What price target have analysts set for TROW?

10 brokerages have issued 12-month price targets for T. Rowe Price Group's shares. Their forecasts range from $128.00 to $215.00. On average, they anticipate T. Rowe Price Group's stock price to reach $163.90 in the next year. This suggests that the stock has a possible downside of 16.0%.
View analysts' price targets for T. Rowe Price Group
or view top-rated stocks among Wall Street analysts.

Who are T. Rowe Price Group's key executives?

T. Rowe Price Group's management team includes the following people:
  • Mr. William J. Stromberg C.F.A., CFA, Chairman & CEO (Age 61, Pay $9.44M)
  • Mr. Robert W. Sharps C.F.A., CPA, CFA, CPA, Pres, Head of Investments & Group Chief Investment Officer (Age 50, Pay $9.44M)
  • Ms. Céline S. Dufétel, COO, CFO & Treasurer (Age 40, Pay $4.88M)
  • Mr. Eric L. Veiel, Co-Head of Global Equity & VP (Age 49, Pay $7.79M)
  • Ms. Jessica M. Hiebler, Principal Accounting Officer & VP (Age 45)
  • Mr. Nigel K. Faulkner, CTO & Head of Global Technology
  • Ms. Teresa Whitaker, Investor Relations Mang.
  • Mr. David S. Oestreicher Esq., J.D., VP, Gen. Counsel & Corp. Sec. (Age 54)
  • Mr. Edward F. Giltenan, Head of Global PR & VP
  • Mr. Thomas Pedersen, Managing Director of Sales & Client Relations

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

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

Who are some of T. Rowe Price Group's key competitors?

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 The 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 institutional and retail investors. Top institutional investors include BlackRock Inc. (8.19%), JPMorgan Chase & Co. (3.73%), Fayez Sarofim & Co (3.56%), Geode Capital Management LLC (1.92%), Ameriprise Financial Inc. (1.66%) and Northern Trust Corp (1.20%). Company insiders that own T. Rowe Price Group 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 for T. Rowe Price Group
.

Which major investors are selling T. Rowe Price Group stock?

TROW stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Millennium Management LLC, APG Asset Management N.V., Lazard Asset Management LLC, Bank of Nova Scotia, Credit Suisse AG, Thrivent Financial for Lutherans, and Great West Life Assurance Co. Can. Company insiders that have sold T. Rowe Price Group company stock in the last year include Andrew C Mccormick, Andrew Justin Mackenzi Thomson, Christopher D Alderson, David Oestreicher, Robert F Maclellan, W Sharps Robert, and William J Stromberg.
View insider buying and selling activity for T. Rowe Price Group
or view top insider-selling stocks.

Which major investors are buying T. Rowe Price Group stock?

TROW stock was purchased by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., BlackRock Inc., Alliancebernstein L.P., JPMorgan Chase & Co., GenTrust LLC, Assenagon Asset Management S.A., Virginia Retirement Systems ET AL, and Donaldson Capital Management LLC.
View insider buying and selling activity for T. Rowe Price Group
or or view top insider-buying stocks.

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

Shares of TROW 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 $195.14.

How much money does T. Rowe Price Group make?

T. Rowe Price Group has a market capitalization of $44.27 billion and generates $6.21 billion in revenue each year. The asset manager earns $2.37 billion in net income (profit) each year or $9.58 on an earnings per share basis.

How many employees does T. Rowe Price Group have?

T. Rowe Price Group employs 7,697 workers across the globe.

When was T. Rowe Price Group founded?

T. Rowe Price Group was founded in 1937.

What is T. Rowe Price Group's official website?

The official website for T. Rowe Price Group is www.troweprice.com.

Where are T. Rowe Price Group's headquarters?

T. Rowe Price Group is headquartered at 100 EAST PRATT STREET, BALTIMORE MD, 21202.

How can I contact T. Rowe Price Group?

T. Rowe Price Group's mailing address is 100 EAST PRATT STREET, BALTIMORE MD, 21202. The asset manager can be reached via phone at 410-345-2000.


This page was last updated on 6/25/2021 by MarketBeat.com Staff
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