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S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
Options Trading Plan–Perfect For Beginners (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
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Analysts Recommend These Mining Stocks Before Metal Prices Rally
Options Trading Plan–Perfect For Beginners (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
Options Trading Plan–Perfect For Beginners (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
Options Trading Plan–Perfect For Beginners (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
Options Trading Plan–Perfect For Beginners (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
S&P 500   4,330.00
DOW   34,070.42
QQQ   357.86
3 Reasons this Tech Giant is Going Back to Highs
Options Trading Plan–Perfect For Beginners (Ad)
3 Compelling Reasons to Start Buying Undervalued Amazon
5 Reasons Why Amprius is About to Take Flight 
Options Trading Plan–Perfect For Beginners (Ad)
Stock market today: Asian shares mixed after interest rates-driven sell-off on Wall Street
Analysts Recommend These Mining Stocks Before Metal Prices Rally
Options Trading Plan–Perfect For Beginners (Ad)
5 Sizzling Tech Companies on the Brink of Bullish Reversals
FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023
NASDAQ:TROW

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

$106.17
-2.51 (-2.31%)
(As of 09/21/2023 ET)
Compare
Today's Range
$106.16
$107.99
50-Day Range
$107.41
$126.79
52-Week Range
$93.53
$134.64
Volume
1.28 million shs
Average Volume
1.11 million shs
Market Capitalization
$23.81 billion
P/E Ratio
15.82
Dividend Yield
4.60%
Price Target
$96.73

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating
Strong Sell
1.45 Rating Score
Upside/​Downside
8.9% Downside
$96.73 Price Target
Short Interest
Bearish
7.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
1.09mentions of T. Rowe Price Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.34 M Sold Last Quarter
Proj. Earnings Growth
3.43%
From $7.29 to $7.54 Per Share

Overall MarketRank

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

2.41 out of 5 stars

Finance Sector

404th out of 817 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

4th out of 9 stocks


TROW stock logo

About T. Rowe Price Group (NASDAQ:TROW) Stock

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 Price History

TROW Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Weak yen puts pressure on BoJ to tighten policy
T. Rowe Price Group: A Core Dividend Generator
See More Headlines
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TROW Company Calendar

Ex-Dividend for 6/29 Dividend
6/14/2023
Dividend Payable
6/29/2023
Last Earnings
7/28/2023
Ex-Dividend for 9/28 Dividend
9/14/2023
Today
9/21/2023
Dividend Payable
9/28/2023
Next Earnings (Estimated)
10/26/2023
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
$96.73
High Stock Price Forecast
$123.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-8.9%
Consensus Rating
Strong Sell
Rating Score (0-4)
1.45
Research Coverage
11 Analysts

Profitability

Net Income
$1.56 billion
Pretax Margin
34.18%

Debt

Sales & Book Value

Annual Sales
$6.49 billion
Cash Flow
$10.79 per share
Book Value
$40.41 per share

Miscellaneous

Free Float
219,585,000
Market Cap
$23.81 billion
Optionable
Optionable
Beta
1.32

Social Links

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Key Executives

  • Mr. Robert W. Sharps C.F.A. (Age 52)
    CFA, CPA, Pres, 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 51)
    Chief Investment Officer & Head of Global Equity
    Comp: $6.44M
  • Mr. Justin Thomson (Age 55)
    VP, Head of International Equity & CIO for International Equities
    Comp: $6.1M
  • Mr. Glenn Russell August (Age 61)
    CEO of OHA, VP & Director
    Comp: $12.03M
  • Ms. Kimberly H. Johnson (Age 50)
    VP & COO
  • Mr. Sébastien Page C.F.A. (Age 46)
    CFA, VP, Head of Global Multi-Asset & CIO
  • Ms. Jessica M. HieblerMs. Jessica M. Hiebler (Age 47)
    Principal Accounting Officer, Controller & VP
  • Ms. Linsley Carruth
    Director of Investor Relations
  • Mr. David S. Oestreicher Esq. (Age 56)
    J.D., VP, Gen. Counsel & Corp. Sec.













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 year. There are currently 6 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

11 brokerages have issued 1-year price targets for T. Rowe Price Group's shares. Their TROW share price forecasts range from $65.00 to $123.00. On average, they predict the company's share price to reach $96.73 in the next twelve months. This suggests that the stock has a possible downside of 8.9%.
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 2.6% and is now trading at $106.17.
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, October 26th 2023.
View our TROW earnings forecast
.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) issued its quarterly earnings data on Friday, July, 28th. The asset manager reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.73 by $0.29. The asset manager earned $1.61 billion during the quarter, compared to analyst estimates of $1.60 billion. T. Rowe Price Group had a net margin of 24.73% and a trailing twelve-month return on equity of 18.30%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.79 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 announced a quarterly dividend on Monday, July 31st. Stockholders of record on Friday, September 15th will be given a dividend of $1.22 per share on Thursday, September 28th. This represents a $4.88 annualized dividend and a yield of 4.60%. The ex-dividend date is Thursday, September 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 4.41%. 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 72.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TROW will have a dividend payout ratio of 64.72% 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.05%), State Street Corp (6.46%), Geode Capital Management LLC (2.24%), Charles Schwab Investment Management Inc. (2.12%), Bank Julius Baer & Co. Ltd Zurich (1.93%) and Victory Capital Management Inc. (1.53%). Insiders that own company stock include Andrew C Mccormick, Andrew Justin Mackenzi Thomson, Christopher D Alderson, 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 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 $106.17.

How much money does T. Rowe Price Group make?

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $23.81 billion and generates $6.49 billion in revenue each year. The asset manager earns $1.56 billion in net income (profit) each year or $6.71 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.
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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 9/22/2023 by MarketBeat.com Staff

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