S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
'Civil War’ continues box-office campaign at No. 1
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
Stock market today: Asian shares shrug off Wall St blues as China leaves lending rate unchanged
NASDAQ:TROW

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

$108.73
+0.01 (+0.01%)
(As of 04/19/2024 08:51 PM ET)
Today's Range
$108.21
$109.94
50-Day Range
$104.74
$121.92
52-Week Range
$87.43
$132.76
Volume
1.70 million shs
Average Volume
1.41 million shs
Market Capitalization
$24.32 billion
P/E Ratio
14.01
Dividend Yield
4.56%
Price Target
$112.67

T. Rowe Price Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.56 Rating Score
Upside/​Downside
3.6% Upside
$112.67 Price Target
Short Interest
Bearish
5.20% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.99mentions of T. Rowe Price Group in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$1.16 M Sold Last Quarter
Proj. Earnings Growth
3.23%
From $8.36 to $8.63 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.

4.39 out of 5 stars

Finance Sector

202nd out of 848 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

5th out of 9 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 (NASDAQ:TROW) PT Raised to $125.00
T. Rowe Price Group (TROW) Scheduled to Post Earnings on Friday
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
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The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
T. Rowe Price Group
KBW Sticks to Its Sell Rating for T Rowe Price (TROW)
3 Dividend Aristocrat Stocks to Retire a Millionaire
T. Rowe Price: Mixed Signals (Technical Analysis)
T. Rowe Price Group Inc.
See More Headlines
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Company Calendar

Last Earnings
2/08/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
4/21/2024
Next Earnings (Confirmed)
4/26/2024
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
$112.67
High Stock Price Target
$125.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+3.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.56
Research Coverage
9 Analysts

Profitability

Net Income
$1.79 billion
Pretax Margin
38.55%

Debt

Sales & Book Value

Annual Sales
$6.46 billion
Cash Flow
$10.00 per share
Book Value
$43.46 per share

Miscellaneous

Free Float
219,171,000
Market Cap
$24.32 billion
Optionable
Optionable
Beta
1.40

Social Links

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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 has a strong track record of providing investment management services to a diverse range of clients, including individuals, institutions, and retirement plans.
  • The firm's focus on socially responsible investing, particularly in environmental, social, and governance issues, aligns with the growing trend towards sustainable investing, which could attract more investors.
  • T. Rowe Price Group's global presence allows for diversified investments in public equity and fixed income markets worldwide, potentially reducing risk through geographic diversification.
  • Recent analyst ratings and price targets suggest potential upside in the stock, indicating a positive outlook from some market experts.
  • The company's expertise in late-stage venture capital transactions could offer opportunities for high returns on investments.

Cons

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

  • Several analysts have issued sell and hold ratings on the stock, indicating concerns about the company's performance or valuation.
  • The consensus price target suggests a potential downside from the current stock price, which could imply limited short-term growth prospects.
  • Market conditions and economic uncertainties may impact the firm's investment strategies and performance, leading to fluctuations in returns for investors.
  • Competitive pressures in the asset management industry could affect T. Rowe Price Group's market share and profitability, posing challenges for sustained growth.
  • Regulatory changes or shifts in investor preferences towards other asset classes could impact the firm's revenue and profitability in the future.
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 Friday, April 12, 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?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 4 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street equities research 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?

9 brokerages have issued 12-month target prices 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 $112.67 in the next twelve months. This suggests a possible upside of 3.6% from the stock's current price.
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 2024. Since then, TROW shares have increased by 1.0% and is now trading at $108.73.
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, April 26th 2024.
View our TROW earnings forecast
.

How can I listen to T. Rowe Price Group's earnings call?

T. Rowe Price Group will be holding an earnings conference call on Friday, April 26th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) issued its quarterly earnings results on Thursday, February, 8th. The asset manager reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.12. The asset manager had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.63 billion. T. Rowe Price Group had a trailing twelve-month return on equity of 18.41% and a net margin of 27.69%. The company's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.74 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, January 30th. Shareholders of record on Friday, March 15th will be paid a dividend of $1.24 per share on Thursday, March 28th. This represents a $4.96 annualized dividend and a yield of 4.56%. The ex-dividend date is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $1.22.
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 4.56%. 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 63.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TROW will have a dividend payout ratio of 57.47% 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 many different retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.48%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Los Angeles Capital Management LLC (0.14%), Grimes & Company Inc. (0.08%), CWM LLC (0.07%) and Congress Asset Management Co. MA (0.06%). 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, 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.
Read More
This page (NASDAQ:TROW) was last updated on 4/22/2024 by MarketBeat.com Staff

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