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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last twelve months. 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.
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10 brokers have issued 1 year price targets 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 share price to reach $100.30 in the next twelve months. This suggests that the stock has a possible downside of 18.1%.
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T. Rowe Price Group's stock was trading at $109.06 at the beginning of 2023. Since then, TROW shares have increased by 12.4% and is now trading at $122.53.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
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T. Rowe Price Group, Inc. (NASDAQ:TROW) released its earnings results on Thursday, January, 26th. The asset manager reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.02. The asset manager had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. T. Rowe Price Group had a net margin of 24.01% and a trailing twelve-month return on equity of 20.46%. The firm's revenue was down 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.17 earnings per share.

T. Rowe Price Group announced a quarterly dividend on Tuesday, November 1st. Stockholders 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 annualized dividend and a yield of 3.92%. The ex-dividend date of this dividend is Thursday, December 15th.
Read our dividend analysis for TROW.

T. Rowe Price Group (NASDAQ:TROW) pays an annual dividend of $4.80 per share and currently has a dividend yield of 3.82%. 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 71.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TROW will have a dividend payout ratio of 67.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TROW.

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.

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).

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

T. Rowe Price Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include ProShare Advisors LLC (0.72%), Confluence Investment Management LLC (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), Fisher Asset Management LLC (0.35%), Boston Trust Walden Corp (0.33%) and Bank of Montreal Can (0.25%). 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.
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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.
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One share of TROW stock can currently be purchased for approximately $122.53.

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $27.38 billion and generates $6.49 billion in revenue each year. The asset manager earns $1.56 billion in net income (profit) each year or $6.69 on an earnings per share basis.

The company employs 7,529 workers across the globe.

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.