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T   19.92 (-0.40%)
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NASDAQ:TROW

T. Rowe Price Group - TROW Stock Forecast, Price & News

$116.45
+1.87 (+1.63%)
(As of 01/27/2023 04:03 PM ET)
Add
Compare
Today's Range
$111.86
$117.38
50-Day Range
$108.08
$127.09
52-Week Range
$93.53
$157.77
Volume
1.78 million shs
Average Volume
1.60 million shs
Market Capitalization
$26.02 billion
P/E Ratio
13.37
Dividend Yield
4.19%
Price Target
$105.50

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
13.1% Downside
$100.90 Price Target
Short Interest
Bearish
8.72% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.36mentions of T. Rowe Price Group in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$2.04 M Sold Last Quarter
Proj. Earnings Growth
-11.65%
From $7.98 to $7.05 Per Share

Overall MarketRank

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

2.25 out of 5 stars

Finance Sector

451st out of 900 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

8th 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.

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TROW Stock News Headlines

43 Upcoming Dividend Increases for 2023
Find out how to earn passive income by making informed investments.
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Should You Buy T. Rowe (TROW) Ahead of Earnings?
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
T. Rowe Price Group (NASDAQ:TROW) PT Raised to $108.00
See More Headlines
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TROW Company Calendar

Ex-Dividend for 12/29 Dividend
12/15/2022
Dividend Payable
12/29/2022
Last Earnings
1/26/2023
Today
1/27/2023
Next Earnings (Estimated)
4/27/2023
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
7,529
Year Founded
1937

Price Target and Rating

Average Stock Price Forecast
$100.90
High Stock Price Forecast
$156.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-9.4%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
10 Analysts

Profitability

Net Income
$3.08 billion
Pretax Margin
35.69%

Debt

Sales & Book Value

Annual Sales
$7.67 billion
Cash Flow
$14.22 per share
Book Value
$41.25 per share

Miscellaneous

Free Float
221,230,000
Market Cap
$26.02 billion
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Mr. Robert W. Sharps C.F.A. (Age 52)
    CPA, CFA, CPA, CEO, Pres & Director
    Comp: $10.74M
  • Ms. Jennifer Benson Dardis (Age 50)
    VP, CFO & Treasurer
    Comp: $3.02M
  • Mr. Eric Lanoue Veiel C.F.A. (Age 51)
    Chief Investment Officer & Head of Global Equity
    Comp: $8.69M
  • Mr. Justin Thomson (Age 55)
    VP, Head of International Equity & CIO for International Equities
    Comp: $8.27M
  • Mr. Glenn Russell August (Age 61)
    CEO of OHA, VP & Director
  • Ms. Kimberly H. Johnson (Age 50)
    VP & COO
  • Mr. Sébastien  Page C.F.A.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. Teresa Whitaker
    Investor Relations Mang.
  • Mr. David S. Oestreicher Esq.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?

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 5 sell ratings and 5 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TROW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TROW, but not buy additional shares or sell existing shares.
View TROW analyst ratings
or view top-rated stocks.

What is T. Rowe Price Group's stock price forecast for 2023?

10 brokerages have issued twelve-month price objectives for T. Rowe Price Group's shares. Their TROW share price forecasts range from $65.00 to $156.00. On average, they expect the company's stock price to reach $101.90 in the next twelve months. This suggests that the stock has a possible downside of 10.4%.
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 at the start of the year. Since then, TROW stock has increased by 4.3% and is now trading at $113.74.
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, April 27th 2023.
View our TROW earnings forecast
.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) released its quarterly earnings results on Thursday, January, 26th. The asset manager reported $1.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.72 by $0.02. The asset manager earned $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. T. Rowe Price Group had a trailing twelve-month return on equity of 23.88% and a net margin of 29.35%. The firm's revenue for the quarter was down 21.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.17 EPS.

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, November 1st. Investors of record on Friday, December 16th will be paid a dividend of $1.20 per share on Thursday, December 29th. This represents a $4.80 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend is Thursday, December 15th.
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 $4.80 per share and currently has a dividend yield of 4.19%. 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 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 55.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TROW will have a dividend payout ratio of 68.09% 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 many different institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.50%), Boston Trust Walden Corp (0.33%), Baillie Gifford & Co. (0.13%), Fenimore Asset Management Inc. (0.13%), Willis Investment Counsel (0.09%) and Rockland Trust Co. (0.08%). 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 $113.74.

How much money does T. Rowe Price Group make?

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $25.42 billion and generates $7.67 billion in revenue each year. The asset manager earns $3.08 billion in net income (profit) each year or $8.71 on an earnings per share basis.

How many employees does T. Rowe Price Group have?

The company employs 7,529 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 1/27/2023 by MarketBeat.com Staff