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

$99.18
+0.75 (+0.76 %)
(As of 03/30/2020 03:14 PM ET)
Today's Range
$95.72
Now: $99.18
$100.33
50-Day Range
$85.42
MA: $119.59
$139.06
52-Week Range
$82.51
Now: $99.18
$139.82
Volume1.20 million shs
Average Volume2.99 million shs
Market Capitalization$23.41 billion
P/E Ratio11.39
Dividend Yield3.66%
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.
Read More
T. Rowe Price Group logo

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$5.62 billion
Cash Flow$9.34 per share
Book Value$30.39 per share

Profitability

Net Income$2.13 billion

Miscellaneous

Employees7,365
Market Cap$23.41 billion
Next Earnings Date4/22/2020 (Estimated)
OptionableOptionable

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

How has T. Rowe Price Group's stock been impacted by COVID-19 (Coronavirus)?

T. Rowe Price Group's stock was trading at $105.52 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TROW stock has decreased by 7.2% and is now trading at $97.92. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for T. Rowe Price Group.

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

T. Rowe Price Group is scheduled to release its next quarterly earnings announcement on Wednesday, April 22nd 2020. View our earnings forecast for T. Rowe Price Group.

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

T. Rowe Price Group Inc (NASDAQ:TROW) posted its earnings results on Wednesday, January, 29th. The asset manager reported $2.03 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.95 by $0.08. The asset manager earned $1.50 billion during the quarter, compared to analyst estimates of $1.45 billion. T. Rowe Price Group had a net margin of 37.69% and a return on equity of 29.45%. The business's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 EPS. View T. Rowe Price Group's earnings history.

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 Wednesday, February 12th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.90 per share on Monday, March 30th. This represents a $3.60 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Friday, March 13th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $0.76. 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 program on Thursday, April 26th 2018, which allows the company to repurchase 10,000,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

What price target have analysts set for TROW?

12 brokers have issued 1-year target prices for T. Rowe Price Group's stock. Their forecasts range from $84.00 to $135.00. On average, they expect T. Rowe Price Group's share price to reach $112.91 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price. View analysts' price targets for T. Rowe Price Group.

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

Media stories about TROW stock have trended very positive on Monday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. T. Rowe Price Group earned a media sentiment score of 4.0 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutT. Rowe Price Group.

Are investors shorting T. Rowe Price Group?

T. Rowe Price Group saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 7,553,000 shares, an increase of 36.8% from the February 27th total of 5,520,000 shares. Based on an average trading volume of 2,359,700 shares, the days-to-cover ratio is presently 3.2 days. Approximately 3.3% of the shares of the stock are sold short. View T. Rowe Price Group's Current Options Chain.

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), AbbVie (ABBV), Exxon Mobil (XOM), PepsiCo (PEP), Mcdonald's (MCD), Procter & Gamble (PG), Cisco Systems (CSCO), Walmart (WMT) and Intel (INTC).

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

T. Rowe Price Group's management team includes the following 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)

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 retail and institutional investors. Top institutional investors include State Street Corp (5.60%), Geode Capital Management LLC (1.83%), Capital World Investors (1.78%), Massachusetts Financial Services Co. MA (1.40%), Norges Bank (1.00%) and Goldman Sachs Group Inc. (0.89%). Company insiders that own T. Rowe Price Group stock include Christopher D Alderson, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Robert F Maclellan, Scott B David, Sebastien Page, 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 Capital World Investors, Goldman Sachs Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Janus Henderson Group PLC, TD Asset Management Inc., Barometer Capital Management Inc., and PGGM Investments. Company insiders that have sold T. Rowe Price Group company stock in the last year include Christopher D Alderson, Edward C Bernard, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Scott B David, Sebastien Page, and W Sharps Robert. View insider buying and selling activity for T. Rowe Price Group.

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

TROW stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Lord Abbett & CO. LLC, Johanson Financial Advisors Inc., Thrivent Financial for Lutherans, Pinebridge Investments L.P., Credit Suisse AG, Amundi Pioneer Asset Management Inc., and Assenagon Asset Management S.A.. View insider buying and selling activity 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, Robinhood, 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 $97.92.

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

T. Rowe Price Group has a market capitalization of $23.11 billion and generates $5.62 billion in revenue each year. The asset manager earns $2.13 billion in net income (profit) each year or $8.07 on an earnings per share basis. T. Rowe Price Group employs 7,365 workers across the globe. View additional information about T. Rowe Price Group.

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:  576 (Vote Outperform)
Underperform Votes:  834 (Vote Underperform)
Total Votes:  1,410
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 3/30/2020 by MarketBeat.com Staff

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