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NASDAQ:TROW

T. Rowe Price Group Stock Forecast, Price & News

$197.33
+1.73 (+0.88%)
(As of 12/6/2021 04:00 PM ET)
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Compare
Today's Range
$194.92
$198.96
50-Day Range
$188.50
$221.29
52-Week Range
$145.54
$224.55
Volume
1.05 million shs
Average Volume
1.05 million shs
Market Capitalization
$44.35 billion
P/E Ratio
14.87
Dividend Yield
2.21%
Beta
1.2
30 days | 90 days | 365 days | Advanced Chart
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T. Rowe Price Group logo

About T. Rowe Price Group

T. Rowe Price Group, Inc. is a financial services holding company, which engages in the provision of investment management services through its subsidiaries. It provides an array of company sponsored U.S. mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries, and retirement plan sponsors. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.

Headlines

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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
7,678
Year Founded
1937

Sales & Book Value

Annual Sales
$6.21 billion
Cash Flow
$10.37 per share
Book Value
$36.76 per share

Profitability

Net Income
$2.37 billion
Pretax Margin
56.80%

Debt

Price-To-Earnings

Miscellaneous

Free Float
222,503,000
Market Cap
$44.35 billion
Optionable
Optionable

Company Calendar

Ex-Dividend
9/14/2021
Dividend Payable
9/29/2021
Last Earnings
10/28/2021
Today
12/06/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
1/27/2022

Social Links


MarketRank

Overall MarketRank

2.25 out of 5 stars

Finance Sector

399th out of 1,335 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

7th out of 14 stocks

Analyst Opinion: 1.0Community Rank: 3.7Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -












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

Is T. Rowe Price Group a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" T. Rowe Price Group stock. 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 analyst ratings for T. Rowe Price Group
or view top-rated stocks.

How has T. Rowe Price Group's stock been impacted by Coronavirus?

T. Rowe Price Group's stock was trading at $105.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TROW shares have increased by 87.0% and is now trading at $197.33.
View which stocks have been most impacted by COVID-19
.

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, January 27th 2022.
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) issued its earnings results on Thursday, October, 28th. The asset manager reported $3.27 earnings per share for the quarter, missing the Zacks' consensus estimate of $3.31 by $0.04. The asset manager earned $1.95 billion during the quarter, compared to analyst estimates of $1.97 billion. T. Rowe Price Group had a net margin of 41.71% and a trailing twelve-month return on equity of 36.62%. The business's revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.55 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 Tuesday, November 2nd. Shareholders of record on Thursday, December 16th will be given a dividend of $1.08 per share on Thursday, December 30th. This represents a $4.32 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, December 15th.
View T. Rowe Price Group's dividend history
.

Is T. Rowe Price Group a good dividend stock?

T. Rowe Price Group pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.21%. T. Rowe Price Group has been increasing its dividend for 34 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of T. Rowe Price Group is 32.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, T. Rowe Price Group will have a dividend payout ratio of 32.78% next year. This indicates that T. Rowe Price Group will be able to sustain or increase its dividend.
View T. Rowe Price Group's dividend history.

What price target have analysts set for TROW?

11 analysts have issued 1 year price objectives for T. Rowe Price Group's stock. Their forecasts range from $145.00 to $253.00. On average, they anticipate T. Rowe Price Group's stock price to reach $197.91 in the next year. This suggests a possible upside of 0.3% from the stock's current price.
View analysts' price targets for T. Rowe Price Group
or view top-rated stocks among Wall Street analysts.

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

T. Rowe Price Group's management team includes the following people:
  • Bill Stromberg, Chairman & Chief Executive Officer
  • Rob Sharps, President & Group Chief Investment Officer
  • Robert Charles Trant Higginbotham, Chief Operating Officer
  • Jennifer B. Dardis, Chief Financial Officer & Treasurer
  • Nigel K. Faulkner, Head-Global Technology

What is William J. Stromberg's approval rating as T. Rowe Price Group's CEO?

239 employees have rated T. Rowe Price Group CEO William J. Stromberg on Glassdoor.com. William J. Stromberg has an approval rating of 91% among T. Rowe Price Group'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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.35%), Geode Capital Management LLC (2.05%), Bank of New York Mellon Corp (0.95%), Sumitomo Mitsui Trust Holdings Inc. (0.69%), Morgan Stanley (0.69%) and Janus Henderson Group PLC (0.68%). Company insiders that own T. Rowe Price Group stock include Andrew C Mccormick, Andrew Justin Mackenzi Thomson, Christopher D Alderson, David Oestreicher, Jessica M Hiebler, Jessica M Hiebler, Mary K Bush, Robert F Maclellan, 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 Massachusetts Financial Services Co. MA, Schroder Investment Management Group, Bank of New York Mellon Corp, Janus Henderson Group PLC, Natixis, Connor Clark & Lunn Investment Management Ltd., PNC Financial Services Group Inc., and Grimes & Company Inc.. Company insiders that have sold T. Rowe Price Group company stock in the last year include Andrew Justin Mackenzi Thomson, Christopher D Alderson, Jessica M Hiebler, Mary K Bush, Sebastien Page, W Sharps Robert, and William J Stromberg.
View insider buying and selling activity for T. Rowe Price Group
or view top insider-selling stocks.

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

TROW stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Nordea Investment Management AB, Fort Washington Investment Advisors Inc. OH, Barclays PLC, AXA S.A., Caisse DE Depot ET Placement DU Quebec, Marshall Wace LLP, and Morgan Stanley.
View insider buying and selling activity for T. Rowe Price Group
or or view top insider-buying stocks.

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 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 $197.33.

How much money does T. Rowe Price Group make?

T. Rowe Price Group has a market capitalization of $44.35 billion and generates $6.21 billion in revenue each year. The asset manager earns $2.37 billion in net income (profit) each year or $13.27 on an earnings per share basis.

How many employees does T. Rowe Price Group have?

T. Rowe Price Group employs 7,678 workers across the globe.

When was T. Rowe Price Group founded?

T. Rowe Price Group was founded in 1937.

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

The official website for T. Rowe Price Group is www.troweprice.com.

Where are T. Rowe Price Group's headquarters?

T. Rowe Price Group is headquartered at 100 EAST PRATT STREET, BALTIMORE MD, 21202.

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 or via fax at 410-345-2394.


This page was last updated on 12/6/2021 by MarketBeat.com Staff

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