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S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Institutions are Buying up Procter & Gamble Shares, Should you?
S&P 500   3,852.36
DOW   32,920.46
QQQ   300.92
15 Ways to Improve Your Credit
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
These 2 Healthcare Stocks Have Doubled in 2023
Pfizer Stock: What the Bulls and Bears are Getting Wrong
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
AMD Results Are No Reason To Buy Semiconductors... Yet
Bed Bath & Beyond Is Circling the Drain
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Allegro Microsystems Is A Well-Positioned Semiconductor Stock
Institutions are Buying up Procter & Gamble Shares, Should you?
NASDAQ:TROW

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

$120.04
+3.57 (+3.07%)
(As of 02/1/2023 12:00 AM ET)
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Compare
Today's Range
$114.69
$121.15
50-Day Range
$108.08
$127.09
52-Week Range
$93.53
$157.77
Volume
2.12 million shs
Average Volume
1.68 million shs
Market Capitalization
$26.82 billion
P/E Ratio
17.94
Dividend Yield
4.23%
Price Target
$100.30

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating
Hold
1.50 Rating Score
Upside/​Downside
16.4% Downside
$100.30 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
-0.10mentions of T. Rowe Price Group in the last 14 days
Based on 29 Articles This Week
Insider Trading
Selling Shares
$2.04 M Sold Last Quarter
Proj. Earnings Growth
11.92%
From $6.71 to $7.51 Per Share

Overall MarketRank

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

2.36 out of 5 stars

Finance Sector

341st out of 895 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 global investment management organization, which engages in the provision of investment management services. The firm provides an array of mutual funds, sub advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. It also offers investment planning and guidance tools. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.

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TROW Stock News Headlines

43 Upcoming Dividend Increases for 2023
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Black History Month: Investing in People and Communities
T. Rowe Price: Triumphant Resurgence On The Way
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
T. Rowe Price Group (NASDAQ:TROW) PT Lowered to $95.00
Should You Buy T. Rowe (TROW) Ahead of Earnings?
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
2/01/2023
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
$100.30
High Stock Price Forecast
$156.00
Low Stock Price Forecast
$65.00
Forecasted Upside/Downside
-16.4%
Consensus Rating
Hold
Rating Score (0-4)
1.50
Research Coverage
10 Analysts

Profitability

Net Income
$1.56 billion
Pretax Margin
30.03%

Debt

Sales & Book Value

Annual Sales
$6.49 billion
Cash Flow
$15.06 per share
Book Value
$39.56 per share

Miscellaneous

Free Float
218,996,000
Market Cap
$26.82 billion
Optionable
Optionable
Beta
1.28

Social Links


Key Executives

  • Rob Sharps
    President, Chief Executive Officer & Director
  • Kimberly H. Johnson
    Chief Operating Officer
  • Jennifer B. Dardis
    Chief Financial Officer & Treasurer
  • John R. Gilner
    Chief Compliance Officer
  • Jessica M. HieblerJessica M. Hiebler
    Principal Accounting Officer & Vice President













TROW Stock - Frequently Asked Questions

Should I buy or sell T. Rowe Price Group stock right now?

10 Wall Street 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 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 brokers have issued 12 month price targets for T. Rowe Price Group's stock. Their TROW share price forecasts range from $65.00 to $156.00. On average, they expect the company's stock price to reach $100.30 in the next year. This suggests that the stock has a possible downside of 16.4%.
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 beginning of 2023. Since then, TROW stock has increased by 10.1% and is now trading at $120.04.
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) posted its earnings results on Thursday, January, 26th. The asset manager reported $1.74 earnings per share 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 company's revenue for the quarter was down 21.4% compared to the same quarter last year. During the same quarter last 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 declared a quarterly dividend on Tuesday, November 1st. Stockholders of record on Friday, December 16th will be given 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 4.00%. 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 4.23%. 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 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 63.91% 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 variety of retail and institutional investors. Top institutional shareholders include Confluence Investment Management LLC (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.37%), Boston Trust Walden Corp (0.33%), Bank of Montreal Can (0.25%), Baillie Gifford & Co. (0.13%) and Fenimore Asset Management Inc. (0.13%). 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 $120.04.

How much money does T. Rowe Price Group make?

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $26.82 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.

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 2/2/2023 by MarketBeat.com Staff