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

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$95.61 +0.03 (+0.03 %)
(As of 11/13/2018 03:30 PM ET)
Previous Close$95.58
Today's Range$95.15 - $97.17
52-Week Range$92.01 - $127.43
Volume82,740 shs
Average Volume1.75 million shs
Market Capitalization$23.70 billion
P/E Ratio17.63
Dividend Yield2.84%
Beta1.21
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

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

Debt

Debt-to-Equity RatioN/A
Current Ratio3.18
Quick Ratio3.18

Price-To-Earnings

Trailing P/E Ratio17.63
Forward P/E Ratio12.97
P/E Growth1.13

Sales & Book Value

Annual Sales$4.79 billion
Price / Sales4.80
Cash Flow$6.0284 per share
Price / Cash15.86
Book Value$24.04 per share
Price / Book3.98

Profitability

EPS (Most Recent Fiscal Year)$5.43
Net Income$1.50 billion
Net Margins33.98%
Return on Equity29.52%
Return on Assets22.91%

Miscellaneous

Employees6,881
Outstanding Shares240,650,000
Market Cap$23.70 billion
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 declared a quarterly dividend on Wednesday, October 24th. Investors of record on Friday, December 14th will be given a dividend of $0.70 per share on Friday, December 28th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, December 13th. 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 authorized a share buyback program on Thursday, April 26th 2018, which allows the company to buyback 10,000,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication 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 quarterly earnings results on Thursday, October, 25th. The asset manager reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $0.37. The asset manager earned $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. T. Rowe Price Group had a net margin of 33.98% and a return on equity of 29.52%. During the same quarter in the previous year, the company earned $1.56 earnings per share. 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 Tuesday, January 29th 2019. View Earnings Estimates for T. Rowe Price Group.

What price target have analysts set for TROW?

9 Wall Street analysts have issued 12-month price objectives for T. Rowe Price Group's stock. Their predictions range from $95.00 to $125.00. On average, they expect T. Rowe Price Group's stock price to reach $113.1250 in the next year. This suggests a possible upside of 18.5% 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?

9 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, 6 hold ratings and 2 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 been trending somewhat positive recently, according to InfoTrie. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave press coverage about the asset manager a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the near future.

Who are some of T. Rowe Price Group's key competitors?

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)

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

T. Rowe Price Group's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.25%), Massachusetts Financial Services Co. MA (1.43%), PNC Financial Services Group Inc. (1.14%), MERIAN GLOBAL INVESTORS UK Ltd (0.94%), Janus Henderson Group PLC (0.93%) and Bank of New York Mellon Corp (0.89%). 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 Mitsubishi UFJ Trust & Banking Corp, KAMES CAPITAL plc, Bank of Montreal Can, Massachusetts Financial Services Co. MA, Great West Life Assurance Co. Can, Korea Investment CORP, PNC Financial Services Group Inc. and Pendal Group Ltd. Company insiders that have sold T. Rowe Price Group company stock in the last year include Christopher D Alderson, Edward A Wiese, Freeman A Hrabowski III, 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 bought by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, MERIAN GLOBAL INVESTORS UK Ltd, Rothschild & Co. Asset Management US Inc., Todd Asset Management LLC, Teachers Retirement System of The State of Kentucky, Bridgeway Capital Management Inc., Wells Fargo & Company MN and BlackRock Inc.. 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 $95.49.

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

T. Rowe Price Group has a market capitalization of $23.70 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.

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:  452 (Vote Outperform)
Underperform Votes:  674 (Vote Underperform)
Total Votes:  1,126
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 11/13/2018 by MarketBeat.com Staff

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