NASDAQ:TROW

T. Rowe Price Group Stock Forecast, Price & News

$156.62

-1.03 (-0.65%)

(As of 01/26/2022 04:00 PM ET)

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Today's Range: $155.18
▼
$162.81
50-Day Range: $157.65
▼
$211.09
52-Week Range: $150.69
▼
$224.55

Volume: 2.31 million shs
Average Volume: 1.67 million shs
Market Capitalization: $35.20 billion

P/E Ratio: 11.80
Dividend Yield: 2.74%
Beta: 1.18

30 days | 90 days | 365 days | Advanced Chart

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About T. Rowe Price Group

T. Rowe Price Group, Inc. is a global investment management organization, which engages in the provision of investment management services through its subsidiaries. It provides an array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The firm also offers investment planning and guidance tools. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.

T. Rowe Price Q4 2021 Earnings Preview
January 26, 2022 | seekingalpha.com

T. Rowe Price (TROW) to Post Q4 Earnings: Is a Beat in Store?
January 25, 2022 | finance.yahoo.com

The total return for T. Rowe Price Group (NASDAQ:TROW) investors has risen faster than earnings growth over the last five years
January 24, 2022 | finance.yahoo.com

Morgan Stanley Cuts T. Rowe Price Group (NASDAQ:TROW) Price Target to $202.00
January 24, 2022 | americanbankingnews.com

T. Rowe Price Group (NASDAQ:TROW) Price Target Cut to $136.00
January 24, 2022 | americanbankingnews.com

A Bearish Sign Appears On T. Rowe Price Gr's Chart
January 18, 2022 | msn.com

T Rowe Price Group Enters Oversold Territory
January 18, 2022 | nasdaq.com

T. Rowe Price Group (NASDAQ:TROW) PT Lowered to $191.00
January 13, 2022 | americanbankingnews.com

T. Rowe Price Group, Inc.: Asset Manager Industry Consolidation Gathering Steam in a What's Likely to be a Decadeslong Process
January 13, 2022 | finance.yahoo.com

This Nasdaq Stock Is Up 22,660% Since the 1980s -- But Are Its Best Times Behind It?
January 12, 2022 | finance.yahoo.com

T. Rowe Price Group (NASDAQ:TROW) Trading Down 5.2% on Analyst Downgrade
January 12, 2022 | americanbankingnews.com

Citigroup Cuts T. Rowe Price Group (NASDAQ:TROW) Price Target to $159.00
January 12, 2022 | americanbankingnews.com

Faces to Watch 2022: Rob Sharps, T. Rowe Price Group Inc.
January 7, 2022 | finance.yahoo.com

See More Headlines

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
Previous Symbol
CUSIP: 74144T10
CIK: 1113169
Web: www.troweprice.com
Phone: (410) 345-2000
Fax: 410-345-2394
Employees: 7,678
Year Founded: 1937

Sales & Book Value

Annual Sales: $6.21 billion
Price / Sales: 5.67
Cash Flow: $9.49 per share
Price / Cash Flow: 16.50
Book Value: $34.04 per share
Price / Book: 4.60

Profitability

EPS (Most Recent Fiscal Year): $13.27
Net Income: $2.37 billion
Net Margins: 41.71%
Pretax Margin: 56.80%
Return on Equity: 36.62%
Return on Assets: 26.43%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 4.08
Quick Ratio: 4.08

Price-To-Earnings

Trailing P/E Ratio: 11.80
Forward P/E Ratio: 12.36
P/E Growth: 1.26

Miscellaneous

Outstanding Shares: 224,751,000
Free Float: 222,503,000
Market Cap: $35.20 billion
Optionable: Optionable

Company Calendar

Last Earnings: 10/28/2021
Ex-Dividend for 12/30 Dividend: 12/15/2021
Dividend Payable: 12/30/2021
Today: 1/26/2022
Next Earnings (Confirmed): 1/27/2022
Fiscal Year End: 12/31/2022

Social Links

MarketRank^™

Overall MarketRank^™

3.26 out of 5 stars

Finance Sector

25th out of 1,356 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

2nd out of 14 stocks

4.0 Analyst's Opinion

Consensus Rating
T. Rowe Price Group has received a consensus rating of Hold. The company's average rating score is 2.09, and is based on 4 buy ratings, 4 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $201.27, T. Rowe Price Group has a forecasted upside of 28.5% from its current price of $156.62.
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.

3.7 Community Rank

Outperform Votes
T. Rowe Price Group has received 591 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
T. Rowe Price Group has received 459 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
T. Rowe Price Group has received 56.29% “outperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Yield
T. Rowe Price Group pays a meaningful dividend of 2.74%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
T. Rowe Price Group has been increasing its dividend for 35 years.
Dividend Coverage
The dividend payout ratio of T. Rowe Price Group is 32.55%. 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 32.98% next year. This indicates that T. Rowe Price Group will be able to sustain or increase its dividend.

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 $4,424,974.00 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
71.66% 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.

1.9 Earnings and Valuation

Earnings Growth
Earnings for T. Rowe Price Group are expected to grow by 3.39% in the coming year, from $12.67 to $13.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of T. Rowe Price Group is 11.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of T. Rowe Price Group is 11.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 12.42.
Price to Earnings Growth Ratio
T. Rowe Price Group has a PEG Ratio of 1.26. 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 4.60. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Is T. Rowe Price Group a buy right now?: 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 stock has increased by 48.4% and is now trading at $156.62.
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) announced its quarterly earnings data on Thursday, October, 28th. The asset manager reported $3.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters' 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 trailing twelve-month return on equity of 36.62% and a net margin of 41.71%. The business's revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm earned $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 declared a quarterly dividend on Tuesday, November 2nd. Shareholders of record on Thursday, December 16th will be paid a dividend of $1.08 per share on Thursday, December 30th. This represents a $4.32 annualized dividend and a dividend yield of 2.76%. The ex-dividend date 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 2.74%. T. Rowe Price Group has been increasing its dividend for 35 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 32.98% 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 equities research analysts have issued 1 year price objectives for T. Rowe Price Group's stock. Their forecasts range from $136.00 to $246.00. On average, they anticipate T. Rowe Price Group's stock price to reach $201.27 in the next twelve months. This suggests a possible upside of 28.5% 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:
Rob Sharps, President, Chief Executive Officer & Director
Robert Charles Trant Higginbotham, Chief Operating Officer & Head-Global Distribution
Jennifer B. Dardis, Chief Financial Officer & Treasurer
Scot Baldry, Head-Global Technology
John R. Gilner, Chief Compliance Officer
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.
Who are some of T. Rowe Price Group's key competitors?: Some companies that are related to T. Rowe Price Group include BlackRock (BLK), Bank of New York Mellon (BK), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), Ares Capital (ARCC), Invesco (IVZ), SEI Investments (SEIC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC), Main Street Capital (MAIN), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
View all of TROW's 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).
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 Boston Trust Walden Corp (0.28%), Nordea Investment Management AB (0.21%), Tandem Investment Advisors Inc. (0.14%), Fenimore Asset Management Inc. (0.13%), New York State Teachers Retirement System (0.12%) and Donaldson Capital Management LLC (0.10%). 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, Mary K Bush, Robert CT Higginbotham, 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 Confluence Investment Management LLC, Chemung Canal Trust Co., Touchstone Capital Inc., AE Wealth Management LLC, Absher Wealth Management LLC, Russell Investments Group Ltd., Gulf International Bank UK Ltd, and Sciencast Management LP. Company insiders that have sold T. Rowe Price Group company stock in the last year include Andrew Justin Mackenzi Thomson, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, 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 bought by a variety of institutional investors in the last quarter, including Polaris Wealth Advisory Group LLC, Van ECK Associates Corp, Nordea Investment Management AB, Tandem Investment Advisors Inc., Stonnington Group LLC, Baillie Gifford & Co., Boston Trust Walden Corp, and Virginia Wealth Management Group Inc..
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 $156.62.
How much money does T. Rowe Price Group make?: T. Rowe Price Group has a market capitalization of $35.20 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 1/26/2022 by MarketBeat.com Staff

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T. Rowe Price Group Stock Forecast, Price & News

About T. Rowe Price Group

Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Company Calendar

Social Links

MarketRank™

Overall MarketRank™

4.0 Analyst's Opinion

3.7 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment

4.2 Dividend Strength

2.5 Company Ownership

1.9 Earnings and Valuation

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

Is T. Rowe Price Group a buy right now?

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

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

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

How often does T. Rowe Price Group pay dividends? What is the dividend yield for T. Rowe Price Group?

Is T. Rowe Price Group a good dividend stock?

What price target have analysts set for TROW?

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

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

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

What other stocks do shareholders of T. Rowe Price Group own?

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

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

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

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

How do I buy shares of T. Rowe Price Group?

What is T. Rowe Price Group's stock price today?

How much money does T. Rowe Price Group make?

How many employees does T. Rowe Price Group have?

When was T. Rowe Price Group founded?

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

Where are T. Rowe Price Group's headquarters?

How can I contact T. Rowe Price Group?

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