T. 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.
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 Ratio3.87
Quick Ratio3.87
Price-To-Earnings
Trailing P/E Ratio22.37
Forward P/E Ratio17.16
P/E Growth1.52
Sales & Book Value
Annual Sales$4.79 billion
Price / Sales6.17
Cash Flow$6.3002 per share
Price / Cash19.39
Book Value$24.04 per share
Price / Book5.08
Profitability
EPS (Most Recent Fiscal Year)$5.43
Net Income$1.50 billion
Net Margins31.10%
Return on Equity26.93%
Return on Assets20.95%
Miscellaneous
Employees6,881
Outstanding Shares242,140,000
Market Cap$29,148.51
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 declared a quarterly dividend on Thursday, April 26th. Investors of record on Friday, June 15th will be given a dividend of $0.70 per share on Friday, June 29th. This represents a $2.80 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, June 14th. 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 approved a share buyback plan on Thursday, April 26th 2018, which allows the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.
How were T. Rowe Price Group's earnings last quarter?
T. Rowe Price Group Inc (NASDAQ:TROW) issued its earnings results on Wednesday, April, 25th. The asset manager reported $1.74 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.65 by $0.09. The asset manager earned $1.33 billion during the quarter, compared to the consensus estimate of $1.28 billion. T. Rowe Price Group had a net margin of 31.10% and a return on equity of 26.93%. The business's revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. View T. Rowe Price Group's Earnings History.
When is T. Rowe Price Group's next earnings date?
What price target have analysts set for TROW?
10 Wall Street analysts have issued 1-year target prices for T. Rowe Price Group's stock. Their forecasts range from $100.00 to $125.00. On average, they expect T. Rowe Price Group's share price to reach $114.30 in the next year. This suggests that the stock has a possible downside of 6.4%. View Analyst Ratings 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, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
Who are some of T. Rowe Price Group's key competitors?
Some companies that are related to T. Rowe Price Group include CME Group (CME), Intercontinental Exchange (ICE), DEUTSCHE BOERSE/ADR (DBOEY), Nasdaq (NDAQ), Cboe Global Markets (CBOE), LPL Financial (LPLA), BGC Partners (BGCP), INTL Fcstone (INTL), Yintech Investment (YIN), OTC Markets Group (OTCM), National (NHLD) and Primus Guaranty (PRSG).
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?
News articles about TROW stock have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. T. Rowe Price Group earned a media sentiment score of 0.17 on Accern's scale. They also gave headlines about the asset manager an impact score of 47.34 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
Who are T. Rowe Price Group's major shareholders?
T. Rowe Price Group's stock is owned by many different of retail and institutional investors. Top institutional investors include KAMES CAPITAL plc (0.47%), Bank of Montreal Can (0.39%), Confluence Investment Management LLC (0.07%), Assenagon Asset Management S.A. (0.07%), Fisher Asset Management LLC (0.06%) and Retirement Systems of Alabama (0.05%). 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 Bank of Montreal Can, Scout Investments Inc., Pendal Group Ltd, Fisher Asset Management LLC, Pennsylvania Trust Co, Rockland Trust Co., Fjarde AP Fonden Fourth Swedish National Pension Fund and Univest Corp of Pennsylvania. Company insiders that have sold T. Rowe Price Group company stock in the last year 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 Insider Buying and Selling for T. Rowe Price Group.
Which institutional investors are buying T. Rowe Price Group stock?
TROW stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., KAMES CAPITAL plc, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Clinton Group Inc., Xact Kapitalforvaltning AB, Broadleaf Partners LLC, Cullinan Associates Inc. and State of Alaska Department of Revenue. 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 $122.16.
How big of a company is T. Rowe Price Group?
T. Rowe Price Group has a market capitalization of $29.15 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)
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.
