NASDAQ:TROW

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

$122.26

+1.01 (+0.83%)

(As of 12/8/2022 12:00 AM ET)

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Today's Range: $120.86
▼
$122.86
50-Day Range: $98.07
▼
$133.34
52-Week Range: $93.53
▼
$203.00

Volume: 832,452 shs
Average Volume: 1.88 million shs
Market Capitalization: $27.32 billion

P/E Ratio: 14.04
Dividend Yield: 3.96%
Price Target: $113.90

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating: Reduce
1.40 Rating Score
Upside/Downside: 6.8% Downside
$113.90 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: 0.90
Based on 3 Articles This Week
Insider Trading: Selling Shares
$1.24 M Sold Last Quarter
Proj. Earnings Growth: -9.37%
From $7.90 to $7.16 Per Share

Overall MarketRank^™

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

2.15 out of 5 stars

Finance Sector

558th out of 862 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

9th out of 10 stocks

1.7

Analyst's Opinion

Consensus Rating
T. Rowe Price Group has received a consensus rating of Sell. The company's average rating score is 1.40, and is based on no buy ratings, 4 hold ratings, and 6 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $113.90, T. Rowe Price Group has a forecasted downside of 6.8% from its current price of $122.26.
Amount of Analyst Coverage
T. Rowe Price Group has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
8.72% of the float of T. Rowe Price Group has been sold short.
Short Interest Ratio / Days to Cover
T. Rowe Price Group has a short interest ratio ("days to cover") of 9.9.
Change versus previous month
Short interest in T. Rowe Price Group has recently increased by 2.25%, indicating that investor sentiment is decreasing.

5.0

Dividend Strength

Dividend Leadership
T. Rowe Price Group is a leading dividend payer. It pays a dividend yield of 3.96%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
T. Rowe Price Group has been increasing its dividend for 36 years.
Dividend Coverage
The dividend payout ratio of T. Rowe Price Group is 55.11%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, T. Rowe Price Group will have a dividend payout ratio of 67.04% next year. This indicates that T. Rowe Price Group will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
T. Rowe Price Group has received a 34.36% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Life annuities", and "Real estate funds" products. See details.
Environmental Sustainability
The Environmental Impact score for T. Rowe Price Group is -0.68.

2.2

News and Social Media Coverage

News Sentiment
T. Rowe Price Group has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for T. Rowe Price Group this week, compared to 4 articles on an average week.
Search Interest
Only 44 people have searched for TROW on MarketBeat in the last 30 days. This is a decrease of -2% compared to the previous 30 days.
MarketBeat Follows
Only 16 people have added T. Rowe Price Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, T. Rowe Price Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,241,500.00 in company stock.
Percentage Held by Insiders
Only 1.00% of the stock of T. Rowe Price Group is held by insiders.
Percentage Held by Institutions
74.94% of the stock of T. Rowe Price Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for T. Rowe Price Group are expected to decrease by -9.37% in the coming year, from $7.90 to $7.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of T. Rowe Price Group is 14.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.24.
Price to Earnings Ratio vs. Sector
The P/E ratio of T. Rowe Price Group is 14.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 173.12.
Price to Earnings Growth Ratio
T. Rowe Price Group has a PEG Ratio of 2.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
T. Rowe Price Group has a P/B Ratio of 2.96. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.

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TROW Stock News Headlines

December 7, 2022 | finance.yahoo.com

Nasdaq Bear Market: 2 Top Stocks Billionaires Can't Stop Buying

December 2, 2022 | finance.yahoo.com

Wall Street Isn’t Fond of This Stock. Maybe You Should Be.

December 9, 2022 | Investing Trends (Ad)

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December 1, 2022 | finance.yahoo.com

T. ROWE PRICE VICE PRESIDENT OF TRADING ANALYTICS TERESA WOODARD WINS WOMEN IN FINANCE AWARD

November 28, 2022 | finance.yahoo.com

T. ROWE PRICE RELEASES RESEARCH STUDY ON ITS ACTIVE FUNDS

November 25, 2022 | finance.yahoo.com

News Corp shareholder T Rowe Price raises concerns about merger with Fox - NYT

November 25, 2022 | finance.yahoo.com

UPDATE 1-News Corp shareholder T Rowe Price raises concerns about merger with Fox - NYT

November 21, 2022 | finance.yahoo.com

Is Now the Time to Buy This High-Yielding Dividend Aristocrat?

December 9, 2022 | Investing Trends (Ad)

"We need batteries. Literally everywhere."

November 18, 2022 | seekingalpha.com

T. Rowe Price: Not So Attractive Anymore

November 18, 2022 | msn.com

T. Rowe Price lays off 2% of global workforce

November 17, 2022 | finance.yahoo.com

T. ROWE PRICE LAUNCHES FLOATING RATE EXCHANGE-TRADED FUND

November 17, 2022 | finance.yahoo.com

3 Top Investment Industry Stocks to Buy in November

November 16, 2022 | finance.yahoo.com

T. Rowe Price lays off 2% of its employees in 'targeted' cost-cutting move

November 16, 2022 | finance.yahoo.com

T. ROWE PRICE'S NEW U.S. RETIREMENT MARKET OUTLOOK EXAMINES THE 2023 RETIREMENT LANDSCAPE

November 15, 2022 | msn.com

Global Market Volatility to Persist in 2023 Amid High Rates, Inflation as Recession Risks Loom, T. Rowe Says

November 15, 2022 | benzinga.com

Massive Insider Trade At T. Rowe Price Gr

November 11, 2022 | msn.com

T. Rowe Price Gr Unusual Options Activity

November 10, 2022 | benzinga.com

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management Of $1.28T For October 2022

November 10, 2022 | finance.yahoo.com

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR OCTOBER 2022

November 8, 2022 | finance.yahoo.com

T. Rowe Price Group Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

November 2, 2022 | finance.yahoo.com

Wall Street Firm Makes a $1.8 Billion Bet on Forest Carbon Offsets

November 2, 2022 | finance.yahoo.com

T. Rowe Price Foundation Releases First “State of the Baltimore Nonprofit Sector” Report

November 1, 2022 | finance.yahoo.com

BlackRock Will Overcome Short-Term Challenges. Here's Why.

October 27, 2022 | markets.businessinsider.com

T. Rowe Price Group Q3 Profit Decreases, but beats estimates

October 27, 2022 | finance.yahoo.com

T. ROWE PRICE GROUP REPORTS THIRD QUARTER 2022 RESULTS

October 27, 2022 | finance.yahoo.com

T. Rowe Price (TROW) Q3 Earnings Beat Estimates, AUM Dips Y/Y

See More Headlines

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TROW Company Calendar

Ex-Dividend for 9/29 Dividend: 9/14/2022
Dividend Payable: 9/29/2022
Last Earnings: 10/27/2022
Today: 12/09/2022
Ex-Dividend for 12/29 Dividend: 12/15/2022
Dividend Payable: 12/29/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/26/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Security & commodity brokers, dealers, exchanges & services
Sub-Industry: Asset Management & Custody Banks
Sector: Finance
Current Symbol: NASDAQ:TROW
CUSIP: 74144T10
CIK: 1113169
Web: www.troweprice.com
Phone: (410) 345-2000
Fax: 410-345-2394
Employees: 7,529
Year Founded: 1937

Price Target and Rating

Average Stock Price Forecast: $113.90
High Stock Price Forecast: $212.00
Low Stock Price Forecast: $70.00
Forecasted Upside/Downside: -6.8%
Consensus Rating: Reduce
Rating Score (0-4): 1.40
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.71
Trailing P/E Ratio: 14.04
Forward P/E Ratio: 15.48
P/E Growth: 2.19
Net Income: $3.08 billion
Net Margins: 29.35%
Pretax Margin: 35.69%
Return on Equity: 23.88%
Return on Assets: 18.12%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.77
Quick Ratio: 2.77

Sales & Book Value

Annual Sales: $7.67 billion
Price / Sales: 3.56
Cash Flow: $14.35 per share
Price / Cash Flow: 8.52
Book Value: $41.25 per share
Price / Book: 2.96

Miscellaneous

Outstanding Shares: 223,460,000
Free Float: 221,230,000
Market Cap: $27.32 billion
Optionable: Optionable
Beta: 1.27

Social Links

Key Executives

Mr. Robert W. Sharps C.F.A. (Age 51)
CPA, CFA, CPA, CEO, Pres & Director
Comp: $10.74M

Ms. Jennifer Benson Dardis (Age 48)
VP, CFO & Treasurer
Comp: $3.02M

Mr. Eric Lanoue Veiel C.F.A. (Age 50)
Chief Investment Officer & Head of Global Equity
Comp: $8.69M

Mr. Justin Thomson (Age 54)
VP, Head of International Equity & CIO for International Equities
Comp: $8.27M

Mr. Glenn Russell August (Age 60)
CEO of OHA & Director

Ms. Kimberly H. Johnson (Age 49)
VP & COO

Mr. Sébastien Page C.F.A. (Age 45)
CFA, VP, Head of Global Multi-Asset & CIO

Ms. Jessica M. Hiebler (Age 46)
Principal Accounting Officer, Controller & VP

Ms. Teresa Whitaker
Investor Relations Mang.

Mr. David S. Oestreicher Esq. (Age 55)
J.D., VP, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve months. There are currently 6 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" TROW 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 1 year price targets for T. Rowe Price Group's stock. Their TROW share price forecasts range from $70.00 to $212.00. On average, they anticipate the company's share price to reach $113.90 in the next year. This suggests that the stock has a possible downside of 6.8%.
View analysts price targets for TROW or view top-rated stocks among Wall Street analysts.
How have TROW shares performed in 2022?: T. Rowe Price Group's stock was trading at $196.64 at the beginning of the year. Since then, TROW shares have decreased by 37.8% and is now trading at $122.26.
View the best growth stocks for 2022 here.
When is T. Rowe Price Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 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, October, 27th. The asset manager reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.03. The asset manager had revenue of $1.59 billion for the quarter, compared to analyst estimates 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%. T. Rowe Price Group's revenue for the quarter was down 18.7% on a year-over-year basis. During the same quarter last year, the business earned $3.27 earnings per share.
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. Investors 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 3.93%. 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 3.96%. 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 36 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 67.04% 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.82%), BlackRock Inc. (8.43%), State Street Corp (6.39%), Fayez Sarofim & Co (4.07%), Bank of New York Mellon Corp (1.47%) and Bank of New York Mellon Corp (1.47%). 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 $122.26.
How much money does T. Rowe Price Group make?: T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $27.32 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 12/9/2022 by MarketBeat.com Staff

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