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NASDAQ:TROW

T. Rowe Price Group Stock Forecast, Price & News

$137.14
-5.16 (-3.63 %)
(As of 10/28/2020 12:00 AM ET)
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Compare
Today's Range
$136.19
Now: $137.14▼
$141.03
50-Day Range
$122.89
MA: $134.45▼
$148.10
52-Week Range
$82.51
Now: $137.14▼
$148.88
Volume1.32 million shs
Average Volume1.37 million shs
Market Capitalization$31.13 billion
P/E Ratio16.27
Dividend Yield2.53%
Beta1.15
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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T. Rowe Price Group logo

Beat the Market (BTM) Rank™

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.67 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Security & commodity brokers, dealers, exchanges & services
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:TROW
Previous Symbol
CUSIP74144T10
CIK1113169
Webwww.troweprice.com
Phone410-345-2000
Employees7,527

Debt

Debt-to-Equity RatioN/A
Current Ratio3.24
Quick Ratio3.24

Price-To-Earnings

Trailing P/E Ratio16.27
Forward P/E Ratio15.37
P/E Growth1.64

Sales & Book Value

Annual Sales$5.62 billion
Price / Sales5.54
Cash Flow$8.81 per share
Price / Cash Flow15.56
Book Value$30.39 per share
Price / Book4.51

Profitability

EPS (Most Recent Fiscal Year)$8.07
Net Income$2.13 billion
Net Margins35.05%
Return on Equity29.65%
Return on Assets21.83%

Miscellaneous

Outstanding Shares226,986,000
Market Cap$31.13 billion
Next Earnings Date10/29/2020 (Confirmed)
OptionableOptionable
$137.14
-5.16 (-3.63 %)
(As of 10/28/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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

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

T. Rowe Price Group's stock was trading at $105.52 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TROW stock has increased by 30.0% and is now trading at $137.14.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of T. Rowe Price Group?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 3 sell ratings, 5 hold ratings and 2 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 Thursday, October 29th 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) released its quarterly earnings results on Wednesday, July, 29th. The asset manager reported $2.29 EPS for the quarter, beating the Zacks' consensus estimate of $2.04 by $0.25. The asset manager had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.41 billion. T. Rowe Price Group had a net margin of 35.05% and a return on equity of 29.65%. The company's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.03 earnings per share.
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, October 28th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.90 per share on Wednesday, December 30th. This represents a $3.60 annualized dividend and a yield of 2.63%.
View T. Rowe Price Group's dividend history.

What price target have analysts set for TROW?

10 Wall Street analysts have issued 1-year target prices for T. Rowe Price Group's shares. Their forecasts range from $78.00 to $160.00. On average, they anticipate T. Rowe Price Group's share price to reach $119.27 in the next year. This suggests that the stock has a possible downside of 13.0%.
View analysts' price targets for T. Rowe Price Group.

Who are some of T. Rowe Price Group's key competitors?

Some companies that are related to T. Rowe Price Group include BlackRock (BLK), The Bank of New York Mellon (BK), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Eaton Vance (EV), Invesco (IVZ), Ares Capital (ARCC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Golub Capital BDC (GBDC), Prospect Capital (PSEC) and Main Street Capital (MAIN).
View all 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), Intel (INTC), Exxon Mobil (XOM), Cisco Systems (CSCO), PepsiCo (PEP), Verizon Communications (VZ), Walmart (WMT) and Home Depot (HD).

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, Chairman, CEO & Pres (Age 60, Pay $8.94M)
  • Ms. Céline S. Dufétel, CFO, Treasurer & VP (Age 39, Pay $3.98M)
  • Mr. Robert W. Sharps C.F.A., CPA, CFA, CPA, Head of Investments, Group Chief Investment Officer & VP (Age 49, Pay $9.14M)
  • Mr. Christopher David Alderson, Co-Head of Global Equity & VP (Age 58, Pay $7.54M)
  • Mr. Eric L. Veiel, Co-head of Global Equity, Head of US Equity & VP (Age 48, Pay $7.44M)
  • Ms. Jessica M. Hiebler, Principal Accounting Officer & VP (Age 44)
  • Mr. Nigel K. Faulkner, CTO & Head of Global Technology
  • Ms. Teresa Whitaker, Investor Relations Mang.
  • Mr. David S. Oestreicher Esq., J.D., Chief Legal Counsel, Corp. Sec. & VP (Age 53)
  • Mr. Edward F. Giltenan, Head of Global PR & VP

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 institutional and retail investors. Top institutional investors include Boston Trust Walden Corp (0.17%), Fenimore Asset Management Inc. (0.13%), Tandem Investment Advisors Inc. (0.12%), Bartlett & Co. LLC (0.11%), Confluence Investment Management LLC (0.09%) and State of New Jersey Common Pension Fund D (0.07%). Company insiders that own T. Rowe Price Group stock include Andrew C Mccormick, Christopher D Alderson, David Oestreicher, Edward C Bernard, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Robert F Maclellan, Scott B David, Sebastien Page and W Sharps Robert.
View institutional ownership trends for T. Rowe Price Group.

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

TROW stock was sold by a variety of institutional investors in the last quarter, including Xponance Inc., State of Alaska Department of Revenue, Redpoint Investment Management Pty Ltd, Envestnet Asset Management Inc., Standard Life Aberdeen plc, State of New Jersey Common Pension Fund D, Hedeker Wealth LLC, and Candriam Luxembourg S.C.A.. Company insiders that have sold T. Rowe Price Group company stock in the last year include Andrew C Mccormick, Christopher D Alderson, David Oestreicher, Jessica M Hiebler, Mary K Bush, Robert F Maclellan, and W Sharps Robert.
View insider buying and selling activity for T. Rowe Price Group.

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

TROW stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Nisa Investment Advisors LLC, Tandem Investment Advisors Inc., Monument Capital Management, Bartlett & Co. LLC, Bowling Portfolio Management LLC, State of Michigan Retirement System, and LSV Asset Management.
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 $137.14.

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

T. Rowe Price Group has a market capitalization of $31.13 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 7,527 workers across the globe.

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

The official website for T. Rowe Price Group is 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.

This page was last updated on 10/28/2020 by MarketBeat.com Staff
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