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F   14.09 (+1.37%)
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Lowest-Rated Stocks  
NASDAQ:TROW

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

$127.18
+2.27 (+1.82%)
(As of 12/1/2022 03:16 PM ET)
Add
Compare
Today's Range
$124.41
▼
$127.44
50-Day Range
$98.07
▼
$133.34
52-Week Range
$93.53
▼
$208.30
Volume
67,445 shs
Average Volume
1.99 million shs
Market Capitalization
$28.42 billion
P/E Ratio
14.60
Dividend Yield
3.98%
Price Target
$113.90

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating
Reduce
1.40 Rating Score
Upside/​Downside
10.3% Downside
$113.90 Price Target
Short Interest
Bearish
8.72% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.79mentions of T. Rowe Price Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.24 M Sold Last Quarter
Proj. Earnings Growth
-9.37%
From $7.90 to $7.16 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.20 out of 5 stars

Finance Sector

561st out of 912 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

10th out of 10 stocks

See Top Rated MarketRank™ Stocks Here
TROW stock logo

About T. Rowe Price Group (NASDAQ:TROW) Stock

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; New York, New York; Philadelphia, Pennsylvania; 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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TROW Stock News Headlines

November 28, 2022 | finance.yahoo.com
T. ROWE PRICE RELEASES RESEARCH STUDY ON ITS ACTIVE FUNDS
November 26, 2022 | americanbankingnews.com
The Goldman Sachs Group Raises T. Rowe Price Group (NASDAQ:TROW) Price Target to $96.00
December 1, 2022 | Legacy Research (Ad)
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November 25, 2022 | finance.yahoo.com
News Corp shareholder T Rowe Price raises concerns about merger with Fox - NYT
November 25, 2022 | finance.yahoo.com
UPDATE 1-News Corp shareholder T Rowe Price raises concerns about merger with Fox - NYT
November 23, 2022 | americanbankingnews.com
T. Rowe Price Group, Inc. (NASDAQ:TROW) Receives $114.30 Consensus PT from Brokerages
November 21, 2022 | finance.yahoo.com
Is Now the Time to Buy This High-Yielding Dividend Aristocrat?
November 18, 2022 | seekingalpha.com
T. Rowe Price: Not So Attractive Anymore
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November 18, 2022 | msn.com
T. Rowe Price lays off 2% of global workforce
November 17, 2022 | finance.yahoo.com
T. ROWE PRICE LAUNCHES FLOATING RATE EXCHANGE-TRADED FUND
November 17, 2022 | finance.yahoo.com
3 Top Investment Industry Stocks to Buy in November
November 16, 2022 | finance.yahoo.com
T. Rowe Price lays off 2% of its employees in 'targeted' cost-cutting move
November 16, 2022 | finance.yahoo.com
T. ROWE PRICE'S NEW U.S. RETIREMENT MARKET OUTLOOK EXAMINES THE 2023 RETIREMENT LANDSCAPE
November 15, 2022 | msn.com
Global Market Volatility to Persist in 2023 Amid High Rates, Inflation as Recession Risks Loom, T. Rowe Says
November 15, 2022 | benzinga.com
Massive Insider Trade At T. Rowe Price Gr
November 11, 2022 | msn.com
T. Rowe Price Gr Unusual Options Activity
November 10, 2022 | benzinga.com
T. Rowe Price Group Reports Preliminary Month-End Assets Under Management Of $1.28T For October 2022
November 10, 2022 | finance.yahoo.com
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR OCTOBER 2022
November 8, 2022 | finance.yahoo.com
T. Rowe Price Group Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags
November 2, 2022 | finance.yahoo.com
Wall Street Firm Makes a $1.8 Billion Bet on Forest Carbon Offsets
November 2, 2022 | finance.yahoo.com
T. Rowe Price Foundation Releases First “State of the Baltimore Nonprofit Sector” Report
November 1, 2022 | finance.yahoo.com
BlackRock Will Overcome Short-Term Challenges. Here's Why.
October 27, 2022 | markets.businessinsider.com
T. Rowe Price Group Q3 Profit Decreases, but beats estimates
October 27, 2022 | finance.yahoo.com
T. ROWE PRICE GROUP REPORTS THIRD QUARTER 2022 RESULTS
October 27, 2022 | finance.yahoo.com
T. Rowe Price (TROW) Q3 Earnings Beat Estimates, AUM Dips Y/Y
October 27, 2022 | finance.yahoo.com
T. Rowe Price continues to see investors pull billions of dollars from its funds in 3Q
See More Headlines
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TROW Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Last Earnings
10/27/2022
Today
12/01/2022
Ex-Dividend for 12/29 Dividend
12/15/2022
Dividend Payable
12/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/26/2023
Get Stock Alerts

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
CUSIP
74144T10
CIK
1113169
Web
www.troweprice.com
Phone
(410) 345-2000
Fax
410-345-2394
Employees
7,529
Year Founded
1937

Price Target and Rating

Average Stock Price Forecast
$113.90
High Stock Price Forecast
$212.00
Low Stock Price Forecast
$70.00
Forecasted Upside/Downside
-10.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.40
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$8.71
Trailing P/E Ratio
14.60
Forward P/E Ratio
16.10
P/E Growth
2.18
Net Income
$3.08 billion
Net Margins
29.35%
Pretax Margin
35.69%
Return on Equity
23.88%
Return on Assets
18.12%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
2.77
Quick Ratio
2.77

Sales & Book Value

Annual Sales
$7.67 billion
Price / Sales
3.70
Cash Flow
$15.03 per share
Price / Cash Flow
8.46
Book Value
$40.79 per share
Price / Book
3.12

Miscellaneous

Outstanding Shares
223,460,000
Free Float
221,230,000
Market Cap
$28.42 billion
Optionable
Optionable
Beta
1.25

Social Links


Key Executives

  • Mr. Robert W. Sharps C.F.A. (Age 51)
    CPA, CFA, CPA, CEO, Pres & Director
    Comp: $10.74M
  • Ms. Jennifer Benson Dardis (Age 48)
    VP, CFO & Treasurer
    Comp: $3.02M
  • Mr. Eric Lanoue Veiel C.F.A. (Age 50)
    Chief Investment Officer & Head of Global Equity
    Comp: $8.69M
  • Mr. Justin Thomson (Age 54)
    VP, Head of International Equity & CIO for International Equities
    Comp: $8.27M
  • Mr. Glenn Russell August (Age 60)
    CEO of OHA & Director
  • Ms. Kimberly H. Johnson (Age 49)
    VP & COO
  • Mr. Sébastien Page C.F.A.Mr. Sébastien Page C.F.A. (Age 45)
    CFA, VP, Head of Global Multi-Asset & CIO
  • Ms. Jessica M. HieblerMs. Jessica M. Hiebler (Age 46)
    Principal Accounting Officer, Controller & VP
  • Ms. Teresa Whitaker
    Investor Relations Mang.
  • Mr. David S. Oestreicher Esq.Mr. David S. Oestreicher Esq. (Age 55)
    J.D., VP, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













TROW Stock - Frequently Asked Questions

Should I buy or sell T. Rowe Price Group stock right now?

10 Wall Street 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 analysts is that investors should "sell" TROW shares.
View TROW analyst ratings or view top-rated stocks.

What is T. Rowe Price Group's stock price forecast for 2023?

10 brokers have issued 12 month price objectives for T. Rowe Price Group's stock. Their TROW share price forecasts range from $70.00 to $212.00. On average, they expect the company's share price to reach $113.90 in the next twelve months. This suggests that the stock has a possible downside of 8.8%.
View analysts price targets for TROW or view top-rated stocks among Wall Street analysts.

How have TROW shares performed in 2022?

T. Rowe Price Group's stock was trading at $196.64 on January 1st, 2022. Since then, TROW shares have decreased by 36.5% and is now trading at $124.91.
View the best growth stocks for 2022 here.

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

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our TROW earnings forecast.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) released its 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 analyst estimates 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 firm's quarterly revenue was down 18.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.27 EPS.

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 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 3.84%. The ex-dividend date of this dividend is Thursday, December 15th.
Read our dividend analysis for TROW.

Is T. Rowe Price Group a good dividend stock?

T. Rowe Price Group (NASDAQ:TROW) pays an annual dividend of $4.80 per share and currently has a dividend yield of 3.98%. 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 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.

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

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.

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 institutional and retail 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.
View institutional ownership trends.

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

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.
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 $124.91.

How much money does T. Rowe Price Group make?

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $27.91 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.

How many employees does T. Rowe Price Group have?

The company employs 7,529 workers across the globe.

Does T. Rowe Price Group have any subsidiaries?
The following companies are subsidiares of T. Rowe Price Group: OHA (UK) LLP, Oak Hill Advisors, Oak Hill Advisors (Australia) Pty Ltd, Oak Hill Advisors (Europe) LLP, Oak Hill Advisors (Hong Kong) Limited, Oak Hill Advisors (U.K. Services) Limited, Oak Hill Advisors L.P., Oak Hill Advisors Sarl Luxembourg, T. Rowe Price (Canada) Inc., T. Rowe Price (Luxembourg) Management Sarl, T. Rowe Price (Switzerland) GmbH, T. Rowe Price Advisory Services Inc., T. Rowe Price Associates Inc., T. Rowe Price Australia Ltd., T. Rowe Price Exchange-Traded Funds Inc., T. Rowe Price Funds SICAV, T. Rowe Price Global Funds Inc., T. Rowe Price Hong Kong Limited, T. Rowe Price International Funds Inc., T. Rowe Price International Ltd, T. Rowe Price Investment Consulting (Shanghai) Co. Ltd., T. Rowe Price Investment Management Inc., T. Rowe Price Investment Services Inc., T. Rowe Price Japan Inc., T. Rowe Price Multi-Sector Account Portfolios Inc., T. Rowe Price Retirement Funds Inc., T. Rowe Price Retirement Plan Services Inc., T. Rowe Price Services Inc., T. Rowe Price Singapore Private Ltd., T. Rowe Price Trust Company, T. Rowe Price UK Ltd., TRP Colorado Springs LLC, TRP Office Florida LLC, TRP Suburban Inc., TRP Suburban Second Inc., and TRPH Corporation.
Read More
How can I contact T. Rowe Price Group?

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.

This page (NASDAQ:TROW) was last updated on 12/1/2022 by MarketBeat.com Staff