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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
Text released of 99-page bill to raise debt limit, curb spending; lawmakers to review as House eyes Wednesday vote
PwC Australia sidelines 9 directors as leak of tax information investigated
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
Free SMS Trade Alerts. Up to 15 opportunities a day. (Ad)
North Korea notifies neighboring Japan it plans to launch satellite in coming days
Sleepless in Kyiv: Nighttime Russian air campaign terrorizes citizens in Ukrainian capital

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

$106.63
+2.54 (+2.44%)
(As of 05/26/2023 04:00 PM ET)
Compare
Today's Range
$104.20
$106.85
50-Day Range
$103.80
$113.80
52-Week Range
$93.53
$134.64
Volume
1.34 million shs
Average Volume
1.56 million shs
Market Capitalization
$23.95 billion
P/E Ratio
17.45
Dividend Yield
4.58%
Price Target
$93.73

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating
Reduce
1.45 Rating Score
Upside/​Downside
12.1% 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
0.66mentions 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
4.52%
From $6.63 to $6.93 Per Share

Overall MarketRank

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

2.19 out of 5 stars

Finance Sector

647th out of 902 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

7th 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

Is This High-Yield Stock a Buy for Passive Income?
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Analyst Expectations for T. Rowe Price Gr's Future
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MarketBeat All-Access is the all-in-one stock research solution that saves you time and helps you make more money. You get our top stock picks, best-in-class research tools, proprietary research reports and much more.
T. Rowe Price: Recovery Underway
2 Top Asset Management Stocks to Buy in May
Q1 2023 T Rowe Price Group Inc Earnings Call
Trust T. Rowe Price For The Long Haul
See More Headlines
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TROW Company Calendar

Ex-Dividend for 3/30 Dividend
3/14/2023
Dividend Payable
3/30/2023
Last Earnings
5/02/2023
Today
5/29/2023
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
-12.1%
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
$11.24 per share
Book Value
$40.41 per share

Miscellaneous

Free Float
219,856,000
Market Cap
$23.95 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 twelve months. 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 Wall Street analysts have issued 12-month price targets for T. Rowe Price Group's stock. Their TROW share price forecasts range from $65.00 to $115.00. On average, they anticipate the company's share price to reach $93.73 in the next twelve months. This suggests that the stock has a possible downside of 12.1%.
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 decreased by 2.2% and is now trading at $106.63.
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 earnings results 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 analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $2.62 EPS.
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 9th. Investors 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 4.58%. The ex-dividend date of this dividend 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 4.58%. 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 70.42% 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 a number of 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 $106.63.

How much money does T. Rowe Price Group make?

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $23.95 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 5/29/2023 by MarketBeat.com Staff

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