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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. 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.
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10 analysts have issued 12-month price targets for T. Rowe Price Group's shares. Their TROW share price forecasts range from $70.00 to $212.00. On average, they predict the company's share price to reach $113.90 in the next twelve months. This suggests that the stock has a possible downside of 9.6%.
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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 35.9% and is now trading at $126.01.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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T. Rowe Price Group, Inc. (NASDAQ:TROW) posted its quarterly 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 analysts' expectations 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%. The company's revenue was down 18.7% on a year-over-year basis. During the same period last year, the company earned $3.27 EPS.

T. Rowe Price Group announced 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 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Thursday, December 15th.
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 3.78%. 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.

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 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 Provident Trust Co. (1.00%). 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 $126.01.

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $28.16 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.

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, via email at info@troweprice.com, or via fax at 410-345-2394.