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NASDAQ:TROW

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

$130.22
-0.16 (-0.12%)
(As of 08/18/2022 10:34 AM ET)
Add
Compare
Today's Range
$130.00
$130.55
50-Day Range
$106.09
$132.26
52-Week Range
$104.72
$224.55
Volume
5,315 shs
Average Volume
1.47 million shs
Market Capitalization
$29.39 billion
P/E Ratio
12.57
Dividend Yield
3.63%
Price Target
$132.30

T. Rowe Price Group MarketRank™ Forecast

Analyst Rating
Hold
1.60 Rating Score
Upside/​Downside
1.5% Upside
$132.30 Price Target
Short Interest
Bearish
7.56% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.68
Upright™ Environmental Score
News Sentiment
0.78mentions of T. Rowe Price Group in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.63 M Sold Last Quarter
Proj. Earnings Growth
5.66%
From $8.31 to $8.78 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

525th out of 932 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

7th out of 10 stocks

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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TheStreet cut T. Rowe Price Group from a "b-" rating to a "c" rating in a research note on Wednesday, July 13th. JPMorgan Chase & Co. cut their price objective on shares of T. Rowe Price Group from $117.00 to $94.00 and set an "underweight" rating on the stock in a research note on Monday, July 18th. Citigroup cut their price objective on shares of T. Rowe Price Group from $110.00 to $90.00 in a research note on Friday, April 29th. The Goldman Sachs Group cut their price objective on shares of T. Rowe Price Group from $118.00 to $100.00 and set a "sell" rating on the stock in a research note on Wednesday, June 29th. Finally, Morgan Stanley cut their price objective on shares of T. Rowe Price Group from $124.00 to $123.00 and set an "equal weight" rating on the stock in a research note on Friday, July 29th. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $132.30.

T. Rowe Price Group Stock Down 1.3 %

NASDAQ:TROW opened at $130.38 on Thursday. The business's 50-day moving average price is $118.65 and its 200 day moving average price is $131.49. The firm has a market cap of $29.43 billion, a P/E ratio of 12.58, a PEG ratio of 2.69 and a beta of 1.30. T. Rowe Price Group has a 52-week low of $104.72 and a 52-week high of $224.55.

T. Rowe Price Group (NASDAQ:TROW - Get Rating) last released its earnings results on Thursday, July 28th. The asset manager reported $1.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.64 by ($0.85). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.68 billion. T. Rowe Price Group had a return on equity of 28.18% and a net margin of 33.26%. T. Rowe Price Group's revenue was down 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $3.31 earnings per share. Sell-side analysts expect that T. Rowe Price Group will post 8.31 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 15th will be paid a $1.20 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $4.80 dividend on an annualized basis and a yield of 3.68%. T. Rowe Price Group's dividend payout ratio is currently 46.33%.

Insider Buying and Selling

In related news, insider Jessica M. Hiebler sold 959 shares of T. Rowe Price Group stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $124.57, for a total value of $119,462.63. Following the transaction, the insider now owns 12,183 shares of the company's stock, valued at approximately $1,517,636.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,891 shares of T. Rowe Price Group stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $126.91, for a total transaction of $1,509,086.81. Following the transaction, the vice president now owns 136,410 shares of the company's stock, valued at approximately $17,311,793.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jessica M. Hiebler sold 959 shares of T. Rowe Price Group stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $124.57, for a total value of $119,462.63. Following the transaction, the insider now directly owns 12,183 shares in the company, valued at approximately $1,517,636.31. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

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TROW Stock News Headlines

Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
T. Rowe Price Group (NASDAQ:TROW) Price Target Cut to $84.00
Here's Why I Just Bought T. Rowe Price Stock
See More Headlines
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TROW Company Calendar

Ex-Dividend for 6/29 Dividend
6/14/2022
Dividend Payable
6/29/2022
Last Earnings
7/28/2022
Today
8/18/2022
Ex-Dividend for 9/29 Dividend
9/14/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Security & commodity brokers, dealers, exchanges & services
Sub-Industry
Asset Management & Custody Banks
Sector
Finance
Current Symbol
NASDAQ:TROW
CUSIP
74144T10
Employees
7,529
Year Founded
1937

Price Target and Rating

Average Stock Price Forecast
$132.30
High Stock Price Forecast
$212.00
Low Stock Price Forecast
$84.00
Forecasted Upside/Downside
+1.6%
Consensus Rating
Hold
Rating Score (0-4)
1.60
Research Coverage
10 Analysts

Profitability

Net Income
$3.08 billion
Pretax Margin
40.66%

Debt

Sales & Book Value

Annual Sales
$7.67 billion
Cash Flow
$14.03 per share
Book Value
$40.64 per share

Miscellaneous

Free Float
223,435,000
Market Cap
$29.39 billion
Optionable
Optionable
Beta
1.30

Social Links


Key Executives














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 twelve months. There are currently 5 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
View TROW analyst ratings
or view top-rated stocks.

What is T. Rowe Price Group's stock price forecast for 2022?

10 Wall Street research analysts have issued 12 month price targets for T. Rowe Price Group's shares. Their TROW share price forecasts range from $84.00 to $212.00. On average, they expect the company's stock price to reach $132.30 in the next year. This suggests a possible upside of 1.5% from the stock's current price.
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 33.7% and is now trading at $130.38.
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, October 27th 2022.
View our TROW earnings forecast
.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) issued its quarterly earnings results on Thursday, July, 28th. The asset manager reported $1.79 earnings per share for the quarter, missing the consensus estimate of $2.64 by $0.85. The asset manager earned $1.51 billion during the quarter, compared to the consensus estimate 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%. The firm's quarterly revenue was down 20.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.31 earnings per share.

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 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 3.68%. The ex-dividend date of this dividend is Wednesday, September 14th.
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 3.63%. 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 54.67% 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 retail and institutional investors. Top institutional shareholders include State Street Corp (5.68%), JPMorgan Chase & Co. (4.31%), Northern Trust Corp (1.07%), Provident Trust Co. (0.99%), Brown Advisory Inc. (0.75%) and Wells Fargo & Company MN (0.73%). 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 $130.38.

How much money does T. Rowe Price Group make?

T. Rowe Price Group (NASDAQ:TROW) has a market capitalization of $29.43 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.

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
When was T. Rowe Price Group founded?

T. Rowe Price Group was founded in 1937.

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 or via fax at 410-345-2394.

This page (NASDAQ:TROW) was last updated on 8/18/2022 by MarketBeat.com Staff

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