NASDAQ:TROW - T. Rowe Price Group Stock Price, News, & Analysis

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$102.79 -2.49 (-2.37 %)
(As of 05/24/2019 03:49 AM ET)
Previous Close$105.28
Today's Range$102.29 - $104.30
52-Week Range$84.59 - $127.43
Volume1.12 million shs
Average Volume1.30 million shs
Market Capitalization$24.31 billion
P/E Ratio14.38
Dividend Yield2.89%
Beta1.06
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; 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

Industry Security & commodity brokers, dealers, exchanges & services
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:TROW
CUSIP74144T10
Phone410-345-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.37 billion
Cash Flow$7.9497 per share
Book Value$26.69 per share

Profitability

Net Income$1.84 billion

Miscellaneous

Employees7,022
Market Cap$24.31 billion
Next Earnings Date7/24/2019 (Estimated)
OptionableOptionable

T. Rowe Price Group (NASDAQ:TROW) Frequently Asked Questions

What is T. Rowe Price Group's stock symbol?

T. Rowe Price Group trades on the NASDAQ under the ticker symbol "TROW."

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 Thursday, April 25th. Stockholders of record on Friday, June 14th will be given a dividend of $0.76 per share on Friday, June 28th. This represents a $3.04 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, June 13th. View T. Rowe Price Group's Dividend History.

How will T. Rowe Price Group's stock buyback program work?

T. Rowe Price Group announced that its board has initiated a share buyback plan on Thursday, April 26th 2018, which authorizes the company to buyback 10,000,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

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

T. Rowe Price Group Inc (NASDAQ:TROW) posted its quarterly earnings data on Wednesday, April, 24th. The asset manager reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.26. The asset manager earned $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. T. Rowe Price Group had a return on equity of 28.93% and a net margin of 35.05%. The company's revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. View T. Rowe Price Group's Earnings History.

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

T. Rowe Price Group is scheduled to release their next quarterly earnings announcement on Wednesday, July 24th 2019. View Earnings Estimates for T. Rowe Price Group.

What price target have analysts set for TROW?

12 equities research analysts have issued 1 year price objectives for T. Rowe Price Group's stock. Their predictions range from $93.00 to $121.00. On average, they expect T. Rowe Price Group's stock price to reach $105.9091 in the next twelve months. This suggests a possible upside of 3.0% from the stock's current price. View Analyst Price Targets for T. Rowe Price Group.

What is the consensus analysts' recommendation for T. Rowe Price Group?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for T. Rowe Price Group.

Has T. Rowe Price Group been receiving favorable news coverage?

Press coverage about TROW stock has trended neutral on Friday, according to InfoTrie Sentiment. The research firm identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. T. Rowe Price Group earned a coverage optimism score of 0.3 on InfoTrie's scale. They also assigned news articles about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near future.

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), Exxon Mobil (XOM), PepsiCo (PEP), Mcdonald's (MCD), AbbVie (ABBV), Procter & Gamble (PG), Home Depot (HD), Cisco Systems (CSCO) and Walt Disney (DIS).

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

T. Rowe Price Group's management team includes the folowing people:
  • Mr. William J. Stromberg C.F.A., CFA, Pres, CEO & Director (Age 59)
  • Ms. Céline Dufétel, CFO & Treasurer (Age 38)
  • Mr. Robert W. Sharps C.F.A., CPA, CFA, CPA, Head of Investments & Group Chief Investment Officer (Age 48)
  • Mr. Christopher David Alderson, Co-Head of Global Equity (Age 57)
  • Ms. Jessica M. Hiebler, Principal Accounting Officer & VP (Age 43)

Who are T. Rowe Price Group's major shareholders?

T. Rowe Price Group's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.26%), Geode Capital Management LLC (1.61%), Northern Trust Corp (1.21%), Goldman Sachs Group Inc. (0.95%), Charles Schwab Investment Management Inc. (0.76%) and Provident Trust Co. (0.73%). Company insiders that own T. Rowe Price Group stock include Anne M Whittemore, Christopher D Alderson, David Oestreicher, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Jessica M Hiebler, Kenneth V Moreland, Robert F Maclellan, Scott B David, W Sharps Robert and William J Stromberg. View Institutional Ownership Trends for T. Rowe Price Group.

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

TROW stock was sold by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , PNC Financial Services Group Inc., Janus Henderson Group PLC, Robeco Institutional Asset Management B.V., Skandinaviska Enskilda Banken AB publ , Bank of Montreal Can, AQR Capital Management LLC and BlackRock Inc.. Company insiders that have sold T. Rowe Price Group company stock in the last year include Christopher D Alderson, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Robert F Maclellan, Scott B David, W Sharps Robert and William J Stromberg. View Insider Buying and Selling for T. Rowe Price Group.

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

TROW stock was bought by a variety of institutional investors in the last quarter, including Pennsylvania Trust Co, Goldman Sachs Group Inc., Geode Capital Management LLC, Renaissance Technologies LLC, Ellis Investment Partners LLC, AJO LP, Hsbc Holdings PLC and Pinebridge Investments L.P.. View Insider Buying and Selling for T. Rowe Price Group.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is T. Rowe Price Group's stock price today?

One share of TROW stock can currently be purchased for approximately $102.79.

How big of a company is T. Rowe Price Group?

T. Rowe Price Group has a market capitalization of $24.31 billion and generates $5.37 billion in revenue each year. The asset manager earns $1.84 billion in net income (profit) each year or $7.15 on an earnings per share basis. T. Rowe Price Group employs 7,022 workers across the globe.

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

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

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.


MarketBeat Community Rating for T. Rowe Price Group (NASDAQ TROW)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  495 (Vote Outperform)
Underperform Votes:  723 (Vote Underperform)
Total Votes:  1,218
MarketBeat's community ratings are surveys of what our community members think about T. Rowe Price Group and other stocks. Vote "Outperform" if you believe TROW will outperform the S&P 500 over the long term. Vote "Underperform" if you believe TROW will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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