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S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Tech Genius Reveals #1AI Stock For 2024 (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
Bill Gates is raving about WHAT?! (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
New trade alert coming … (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Tech Genius Reveals #1AI Stock For 2024 (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
Bill Gates is raving about WHAT?! (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
New trade alert coming … (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Tech Genius Reveals #1AI Stock For 2024 (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Sports analytics may be outnumbered when it comes to artificial intelligence
Bill Gates is raving about WHAT?! (Ad)
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
What to watch for as China's major political meeting of the year gets underway
New trade alert coming … (Ad)
South Korean doctors hold massive anti-government rally over medical school recruitment plan
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption

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

$113.48
+0.13 (+0.11%)
(As of 03/1/2024 ET)
Today's Range
$111.66
$113.55
50-Day Range
$104.74
$113.48
52-Week Range
$87.43
$132.76
Volume
879,548 shs
Average Volume
1.34 million shs
Market Capitalization
$25.38 billion
P/E Ratio
14.62
Dividend Yield
4.30%
Price Target
$97.30

T. Rowe Price Group MarketRank™ Stock Analysis

Analyst Rating
Strong Sell
1.40 Rating Score
Upside/​Downside
14.3% Downside
$97.30 Price Target
Short Interest
Bearish
5.73% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
1.34mentions of T. Rowe Price Group in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.51 M Sold Last Quarter
Proj. Earnings Growth
3.61%
From $7.75 to $8.03 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.

4.58 out of 5 stars

Finance Sector

158th out of 871 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

16 Best Mountain Towns for Retirement
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
20 Best Cities to Retire for 2024
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Longtime T. Rowe board members to step down
25 Most Affordable Places to Retire in the U.S. in 2024
T. ROWE PRICE CHAIR WILLIAM J. STROMBERG AND DR.
Top 12 Retirement Savings Tips for 55-to-64-Year-Olds
T. Rowe Price price target raised by $2 at TD Cowen, here's why
The Analyst Landscape: 6 Takes On T. Rowe Price Gr
Q4 2023 T Rowe Price Group Inc Earnings Call
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
2/08/2024
Today
3/03/2024
Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/07/2024
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
$97.30
High Stock Price Target
$110.00
Low Stock Price Target
$72.00
Potential Upside/Downside
-14.3%
Consensus Rating
Strong Sell
Rating Score (0-4)
1.40
Research Coverage
10 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
$43.36 per share

Miscellaneous

Free Float
218,960,000
Market Cap
$25.38 billion
Optionable
Optionable
Beta
1.39

Social Links

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Key Executives

  • Mr. Robert W. Sharps C.F.A. (Age 53)
    CPA, President, CEO & Director
    Comp: $8.44M
  • Ms. Jennifer Benson Dardis (Age 50)
    VP, CFO & Treasurer
    Comp: $2.74M
  • Mr. Eric Lanoue Veiel C.F.A. (Age 52)
    Head of Global Investments & CIO
    Comp: $6.44M
  • Mr. Justin Thomson (Age 56)
    VP, Head of International Equity & CIO for International Equities
    Comp: $6.1M
  • Mr. Glenn Russell August (Age 62)
    CEO of OHA, VP & Director
    Comp: $12.03M
  • 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

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of T. Rowe Price Group was last updated on Friday, March 1, 2024 at 7:45 PM.

Pros

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

  • T. Rowe Price Group, Inc. is a well-established investment manager with a strong reputation in the industry.
  • The company has a solid track record of delivering consistent returns to its investors.
  • Recent financial data shows positive net margins and return on equity for T. Rowe Price Group, Inc.
  • T. Rowe Price Group, Inc. offers a competitive dividend yield to its shareholders.
  • The company has a high percentage of institutional ownership, indicating confidence from large investors.

Cons

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

  • Market volatility and economic uncertainties can impact the stock price of T. Rowe Price Group, Inc.
  • Consensus ratings and price targets may not always align with individual investor expectations.
  • High competition in the investment management industry could pose challenges for T. Rowe Price Group, Inc.
  • Changes in interest rates and regulatory environment can affect the company's performance.
  • Investors should consider the company's beta and relative strength index for risk assessment.














TROW Stock Analysis - Frequently Asked Questions

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

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

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

10 equities research analysts have issued 12-month target prices for T. Rowe Price Group's stock. Their TROW share price targets range from $72.00 to $110.00. On average, they anticipate the company's stock price to reach $97.30 in the next twelve months. This suggests that the stock has a possible downside of 14.3%.
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 shares have increased by 5.4% and is now trading at $113.48.
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 Tuesday, May 7th 2024.
View our TROW earnings forecast
.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) released its earnings results on Thursday, February, 8th. The asset manager reported $1.72 EPS for the quarter, topping 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 net margin of 27.69% and a trailing twelve-month return on equity of 18.41%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the business 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 declared a quarterly dividend on Tuesday, January 30th. Shareholders of record on Friday, March 15th will be given a dividend of $1.24 per share on Thursday, March 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.37%. 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 $4.88 per share and currently has a dividend yield of 4.30%. 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 62.89%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TROW will have a dividend payout ratio of 60.77% 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. (11.70%), Fayez Sarofim & Co (3.04%), Charles Schwab Investment Management Inc. (2.19%), Victory Capital Management Inc. (1.46%), Provident Trust Co. (1.05%) and Northern Trust Corp (0.99%). Insiders that own company stock include Andrew C Mccormick, Andrew Justin Mackenzi Thomson, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, 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 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 3/3/2024 by MarketBeat.com Staff