NASDAQ:TROW - T. Rowe Price Group Stock Price, News, & Analysis

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$97.10 -1.08 (-1.10 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$98.18
Today's Range$96.68 - $98.3249
52-Week Range$84.59 - $127.43
Volume1.19 million shs
Average Volume1.67 million shs
Market Capitalization$22.94 billion
P/E Ratio13.58
Dividend Yield2.85%
Beta1.02
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.

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Industry, Sector and Symbol

Industry Security & commodity brokers, dealers, exchanges & services
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:TROW
CUSIP74144T10
Phone410-345-2000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.37 billion
Cash Flow$8.1460 per share
Book Value$25.92 per share

Profitability

Net Income$1.84 billion

Miscellaneous

Employees7,022
Market Cap$22.94 billion
Next Earnings Date4/24/2019 (Estimated)
OptionableOptionable

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 announced a quarterly dividend on Thursday, February 14th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.76 per share on Friday, March 29th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $0.70. 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 initiated a stock repurchase program on Thursday, April 26th 2018, which authorizes the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

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

T. Rowe Price Group Inc (NASDAQ:TROW) released its quarterly earnings results on Wednesday, January, 30th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.66 by $0.25. The asset manager earned $1.30 billion during the quarter, compared to analysts' expectations of $1.33 billion. T. Rowe Price Group had a net margin of 33.95% and a return on equity of 29.16%. The company's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 EPS. View T. Rowe Price Group's Earnings History.

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

T. Rowe Price Group is scheduled to release their next quarterly earnings announcement on Wednesday, April 24th 2019. View Earnings Estimates for T. Rowe Price Group.

What price target have analysts set for TROW?

11 analysts have issued 1-year target prices for T. Rowe Price Group's shares. Their predictions range from $88.00 to $121.00. On average, they anticipate T. Rowe Price Group's stock price to reach $102.70 in the next year. This suggests a possible upside of 5.8% from the stock's current price. View Analyst Price Targets for T. Rowe Price Group.

What is the consensus analysts' recommendation for T. Rowe Price Group?

11 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, 7 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for T. Rowe Price Group.

Has T. Rowe Price Group been receiving favorable news coverage?

News articles about TROW stock have trended somewhat positive on Thursday, InfoTrie reports. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a media sentiment score of 1.7 on InfoTrie's scale. They also gave press coverage about the asset manager a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the near future.

Who are some of T. Rowe Price Group's key 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 Johnson & Johnson (JNJ), AT&T (T), Exxon Mobil (XOM), Mcdonald's (MCD), Procter & Gamble (PG), PepsiCo (PEP), AbbVie (ABBV), Chevron (CVX), Intel (INTC) and Netflix (NFLX).

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 59)
  • Mr. Robert W. Sharps CFA, Head of Investments, Group Chief Investment Officer & VP (Age 48)
  • Mr. Christopher David Alderson, Co-Head of Global Equity (Age 57)
  • Ms. Céline Dufétel, CFO & Treasurer (Age 37)
  • Ms. Jessica M. Hiebler, Principal Accounting Officer & VP (Age 43)

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

T. Rowe Price Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.18%), Oregon Public Employees Retirement Fund (2.41%), Geode Capital Management LLC (1.43%), Massachusetts Financial Services Co. MA (1.42%), Northern Trust Corp (1.19%) and PNC Financial Services Group Inc. (1.13%). Company insiders that own T. Rowe Price Group stock include Anne M Whittemore, Christopher D Alderson, David Oestreicher, Edward A Wiese, Edward C Bernard, 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 major investors are selling T. Rowe Price Group stock?

TROW stock was sold by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Robeco Institutional Asset Management B.V., MERIAN GLOBAL INVESTORS UK Ltd, Lord Abbett & CO. LLC, BlackRock Inc., Nordea Investment Management AB, Prudential Financial Inc. and Marathon Asset Management LLP. Company insiders that have sold T. Rowe Price Group company stock in the last year include Christopher D Alderson, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Robert F Maclellan, W Sharps Robert and William J Stromberg. View Insider Buying and Selling for T. Rowe Price Group.

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

TROW stock was bought by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, APG Asset Management N.V., Check Capital Management Inc. CA, Millennium Management LLC, Bank of Montreal Can, Van ECK Associates Corp, Nuveen Asset Management LLC and CWM LLC. 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 $97.10.

How big of a company is T. Rowe Price Group?

T. Rowe Price Group has a market capitalization of $22.94 billion and generates $5.37 billion in revenue each year. The asset manager earns $1.84 billion in net income (profit) each year or $7.15 on an earnings per share basis. T. Rowe Price Group employs 7,022 workers across the globe.

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

The official website for T. Rowe Price Group is http://www.troweprice.com.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  473 (Vote Outperform)
Underperform Votes:  700 (Vote Underperform)
Total Votes:  1,173
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.
This page was last updated on 2/21/2019 by MarketBeat.com Staff

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