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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last twelve months. There are currently 5 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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10 Wall Street analysts have issued twelve-month price targets for T. Rowe Price Group's stock. Their TROW share price forecasts range from $84.00 to $212.00. On average, they anticipate the company's share price to reach $131.40 in the next twelve months. This suggests a possible upside of 18.8% from the stock's current price.
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T. Rowe Price Group's stock was trading at $196.64 at the beginning of the year. Since then, TROW stock has decreased by 43.8% and is now trading at $110.57.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TROW earnings forecast.

T. Rowe Price Group, Inc. (NASDAQ:TROW) posted its quarterly earnings data on Thursday, July, 28th. The asset manager reported $1.79 earnings per share for the quarter, missing analysts' consensus estimates of $2.24 by $0.45. The asset manager earned $1.51 billion during the quarter, compared to analyst estimates of $1.68 billion. T. Rowe Price Group had a net margin of 33.26% and a trailing twelve-month return on equity of 28.18%. T. Rowe Price Group's revenue was down 20.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.31 EPS.

T. Rowe Price Group announced a quarterly dividend on Monday, August 1st. Stockholders of record on Thursday, September 15th will be given a dividend of $1.20 per share on Thursday, September 29th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Wednesday, September 14th.
Read our dividend analysis for TROW.

T. Rowe Price Group (NASDAQ:TROW) pays an annual dividend of $4.80 per share and currently has a dividend yield of 4.41%. 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 46.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TROW will have a dividend payout ratio of 56.01% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TROW.

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.

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).

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

T. Rowe Price Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Confluence Investment Management LLC (0.33%), Moody National Bank Trust Division (0.00%) and Symmetry Partners LLC (0.00%). 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.
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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.
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One share of TROW stock can currently be purchased for approximately $110.57.

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $24.95 billion and generates $7.67 billion in revenue each year. The asset manager earns $3.08 billion in net income (profit) each year or $10.36 on an earnings per share basis.

The company employs 7,529 workers across the globe.

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 or via fax at 410-345-2394.