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

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$111.54 +0.64 (+0.58 %)
(As of 09/21/2018 03:44 AM ET)
Previous Close$110.90
Today's Range$110.77 - $112.09
52-Week Range$85.38 - $127.43
Volume818,400 shs
Average Volume1.40 million shs
Market Capitalization$26.58 billion
P/E Ratio20.48
Dividend Yield2.56%
Beta1.18
T. Rowe Price Group logoT. 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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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Security & commodity brokers, dealers, exchanges & services
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:TROW
CUSIP74144T10
Phone410-345-2000

Debt

Debt-to-Equity RatioN/A
Current Ratio3.27
Quick Ratio3.27

Price-To-Earnings

Trailing P/E Ratio20.48
Forward P/E Ratio15.38
P/E Growth1.37

Sales & Book Value

Annual Sales$4.79 billion
Price / Sales5.66
Cash Flow$6.3375 per share
Price / Cash17.60
Book Value$24.04 per share
Price / Book4.64

Profitability

EPS (Most Recent Fiscal Year)$5.43
Net Income$1.50 billion
Net Margins31.67%
Return on Equity28.49%
Return on Assets22.07%

Miscellaneous

Employees6,881
Outstanding Shares243,190,000
Market Cap$26.58 billion

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

What is T. Rowe Price Group's stock symbol?

T. Rowe Price Group trades on the NASDAQ under the ticker symbol "TROW."

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, August 22nd. Stockholders of record on Friday, September 14th will be paid a dividend of $0.70 per share on Friday, September 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Thursday, September 13th. View T. Rowe Price Group's Dividend History.

How will T. Rowe Price Group's stock buyback program work?

T. Rowe Price Group declared that its board has authorized a share buyback plan on Thursday, April 26th 2018, which permits the company to buyback 10,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

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

T. Rowe Price Group Inc (NASDAQ:TROW) posted its quarterly earnings data on Wednesday, July, 25th. The asset manager reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.11. The asset manager earned $1.35 billion during the quarter, compared to analyst estimates of $1.33 billion. T. Rowe Price Group had a return on equity of 28.49% and a net margin of 31.67%. T. Rowe Price Group's quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company earned $1.28 EPS. View T. Rowe Price Group's Earnings History.

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

T. Rowe Price Group is scheduled to release their next quarterly earnings announcement on Thursday, October, 25th 2018. View Earnings Estimates for T. Rowe Price Group.

What price target have analysts set for TROW?

10 brokerages have issued 1 year price objectives for T. Rowe Price Group's shares. Their forecasts range from $100.00 to $135.00. On average, they anticipate T. Rowe Price Group's share price to reach $116.40 in the next twelve months. This suggests a possible upside of 4.4% from the stock's current price. View Analyst Price Targets for T. Rowe Price Group.

What is the consensus analysts' recommendation for 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 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for T. Rowe Price Group.

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

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

T. Rowe Price Group's management team includes the folowing people:
  • Mr. William J. Stromberg CFA, Pres, CEO & Director (Age 58)
  • Mr. Robert W. Sharps CFA, Head of Investments, Group Chief Investment Officer & VP (Age 47)
  • Mr. Christopher David Alderson, Co-Head of Global Equity, Head of International Equity & VP (Age 56)
  • Mr. Edward Cage Bernard, Director (Age 62)
  • Ms. Céline Dufétel, Chief Financial Officer (Age 36)

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

Headlines about TROW stock have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. T. Rowe Price Group earned a daily sentiment score of 0.18 on Accern's scale. They also assigned media headlines about the asset manager an impact score of 46.57 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for T. Rowe Price Group.

Who are T. Rowe Price Group's major shareholders?

T. Rowe Price Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.13%), Massachusetts Financial Services Co. MA (1.46%), Northern Trust Corp (1.17%), PNC Financial Services Group Inc. (1.15%), Bank of America Corp DE (1.05%) and Bank of New York Mellon Corp (0.87%). Company insiders that own T. Rowe Price Group stock include Anne M Whittemore, Christopher D Alderson, David Oestreicher, Edward A Wiese, Freeman A Hrabowski III, Jessica M Hiebler, Kenneth V Moreland, Robert F Maclellan, 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 TD Asset Management Inc., SG Americas Securities LLC, Mackay Shields LLC, PNC Financial Services Group Inc., Legal & General Group Plc, Dimensional Fund Advisors LP, Sterling Capital Management LLC and Bank of Nova Scotia. Company insiders that have sold T. Rowe Price Group company stock in the last year include Anne M Whittemore, Christopher D Alderson, Edward A Wiese, Freeman A Hrabowski III, Kenneth V Moreland, Robert F Maclellan, W Sharps Robert and William J Stromberg. View Insider Buying and Selling for T. Rowe Price Group.

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

TROW stock was bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, AGF Investments Inc., BlackRock Inc., Bank of America Corp DE, Columbus Circle Investors, Assenagon Asset Management S.A., Morgan Stanley and Segall Bryant & Hamill LLC. View Insider Buying and Selling 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, Scottrade, 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 $111.54.

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

T. Rowe Price Group has a market capitalization of $26.58 billion and generates $4.79 billion in revenue each year. The asset manager earns $1.50 billion in net income (profit) each year or $5.43 on an earnings per share basis. T. Rowe Price Group employs 6,881 workers across the globe.

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:  435 (Vote Outperform)
Underperform Votes:  651 (Vote Underperform)
Total Votes:  1,086
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 9/21/2018 by MarketBeat.com Staff

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