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NASDAQ:TROW

T. Rowe Price Group Stock Forecast, Price & News

$162.16
+1.30 (+0.81 %)
(As of 02/26/2021 11:08 AM ET)
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Today's Range
$159.85
Now: $162.16
$162.53
50-Day Range
$154.52
MA: $159.27
$166.23
52-Week Range
$82.51
Now: $162.16
$169.00
Volume15,942 shs
Average Volume1.17 million shs
Market Capitalization$36.96 billion
P/E Ratio18.16
Dividend Yield2.17%
Beta1.15
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.
T. Rowe Price Group logo

Industry, Sector and Symbol

Industry Security & commodity brokers, dealers, exchanges & services
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:TROW
CUSIP74144T10
Phone410-345-2000
Employees7,635
Year Founded1937

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.62 billion
Cash Flow$9.56 per share
Book Value$30.39 per share

Profitability

Net Income$2.13 billion

Miscellaneous

Market Cap$36.96 billion
Next Earnings Date4/27/2021 (Estimated)
OptionableOptionable

MarketRank

Overall MarketRank

2.38 out of 5 stars

Finance Sector

46th out of 1,931 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

1st out of 19 stocks

Analyst Opinion: 1.0Community Rank: 2.0Dividend Strength: 4.2Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
$162.16
+1.30 (+0.81 %)
(As of 02/26/2021 11:08 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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T. Rowe Price Group (NASDAQ:TROW) Frequently Asked Questions

Is T. Rowe Price Group a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 2 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" T. Rowe Price Group stock. 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 analyst ratings for T. Rowe Price Group
or view top-rated stocks.

What stocks does MarketBeat like better than T. Rowe Price Group?

Wall Street analysts have given T. Rowe Price Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but T. Rowe Price Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

T. Rowe Price Group is scheduled to release its next quarterly earnings announcement on Tuesday, April 27th 2021.
View our earnings forecast for T. Rowe Price Group
.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) released its quarterly earnings results on Thursday, January, 28th. The asset manager reported $2.89 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.68 by $0.21. The asset manager had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.69 billion. T. Rowe Price Group had a trailing twelve-month return on equity of 30.52% and a net margin of 35.92%. The business's revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.03 earnings per share.
View T. Rowe Price Group's earnings history
.

How has T. Rowe Price Group's stock price been impacted by COVID-19 (Coronavirus)?

T. Rowe Price Group's stock was trading at $105.52 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TROW shares have increased by 52.6% and is now trading at $161.04.
View which stocks have been most impacted by COVID-19
.

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 Monday, February 8th. Investors of record on Tuesday, March 16th will be given a dividend of $1.08 per share on Tuesday, March 30th. This represents a $4.32 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, March 15th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $0.90.
View T. Rowe Price Group's dividend history
.

Is T. Rowe Price Group a good dividend stock?

T. Rowe Price Group pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.17%. T. Rowe Price Group has been increasing its dividend for 35 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of T. Rowe Price Group is 44.61%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, T. Rowe Price Group will have a dividend payout ratio of 32.20% next year. This indicates that T. Rowe Price Group will be able to sustain or increase its dividend.
View T. Rowe Price Group's dividend history.

What price target have analysts set for TROW?

10 analysts have issued twelve-month price objectives for T. Rowe Price Group's shares. Their forecasts range from $100.00 to $200.00. On average, they anticipate T. Rowe Price Group's share price to reach $150.73 in the next twelve months. This suggests that the stock has a possible downside of 6.4%.
View analysts' price targets for T. Rowe Price Group
or view top-rated stocks among Wall Street analysts.

Who are T. Rowe Price Group's key executives?

T. Rowe Price Group's management team includes the following people:
  • Mr. William J. Stromberg C.F.A., CFA, Chairman, CEO & Pres (Age 61, Pay $8.94M)
  • Ms. Céline S. Dufétel, CFO, Treasurer & VP (Age 40, Pay $3.98M)
  • Mr. Robert W. Sharps C.F.A., CPA, CFA, CPA, Head of Investments, Group Chief Investment Officer & VP (Age 50, Pay $9.14M)
  • Mr. Eric L. Veiel, Co-head of Global Equity, Head of US Equity & VP (Age 49, Pay $7.44M)
  • Ms. Jessica M. Hiebler, Principal Accounting Officer & VP (Age 45)
  • Mr. Nigel K. Faulkner, CTO & Head of Global Technology
  • Ms. Teresa Whitaker, Investor Relations Mang.
  • Mr. David S. Oestreicher Esq., J.D., Gen. Counsel & Corp. Sec. (Age 54)
  • Mr. Edward F. Giltenan, Head of Global PR & VP
  • Mr. Thomas Pedersen, Managing Director of Sales & Client Relations

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

239 employees have rated T. Rowe Price Group CEO William J. Stromberg on Glassdoor.com. William J. Stromberg has an approval rating of 91% among T. Rowe Price Group's employees. This puts William J. Stromberg in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 AT&T (T), Johnson & Johnson (JNJ), AbbVie (ABBV), Intel (INTC), Exxon Mobil (XOM), Cisco Systems (CSCO), PepsiCo (PEP), Verizon Communications (VZ), Walmart (WMT) and The 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 BlackRock Inc. (7.94%), JPMorgan Chase & Co. (3.59%), Fayez Sarofim & Co (3.56%), Charles Schwab Investment Management Inc. (1.31%), Northern Trust Corp (1.21%) and Bank of New York Mellon Corp (0.99%). Company insiders that own T. Rowe Price Group stock include Andrew C Mccormick, Christopher D Alderson, David Oestreicher, Edward C Bernard, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Robert F Maclellan, Scott B David, Sebastien Page and W Sharps Robert.
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 BlackRock Inc., JPMorgan Chase & Co., Schroder Investment Management Group, Schroder Investment Management Group, Skandinaviska Enskilda Banken AB publ , Strs Ohio, Renaissance Technologies LLC, and Jupiter Asset Management Ltd.. Company insiders that have sold T. Rowe Price Group company stock in the last year include Andrew C Mccormick, Christopher D Alderson, David Oestreicher, Mary K Bush, Robert F Maclellan, and W Sharps Robert.
View insider buying and selling activity for T. Rowe Price Group
or view top insider-selling stocks.

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

TROW stock was acquired by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Janus Henderson Group PLC, Sprucegrove Investment Management Ltd., KAMES CAPITAL plc, Mackenzie Financial Corp, Sumitomo Mitsui Trust Holdings Inc., Epoch Investment Partners Inc., and Boston Trust Walden Corp.
View insider buying and selling activity for T. Rowe Price Group
or or view top insider-buying stocks.

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 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 $161.04.

How much money does T. Rowe Price Group make?

T. Rowe Price Group has a market capitalization of $36.71 billion and generates $5.62 billion in revenue each year. The asset manager earns $2.13 billion in net income (profit) each year or $8.07 on an earnings per share basis.

How many employees does T. Rowe Price Group have?

T. Rowe Price Group employs 7,635 workers across the globe.

When was T. Rowe Price Group founded?

T. Rowe Price Group was founded in 1937.

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

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

Where are T. Rowe Price Group's headquarters?

T. Rowe Price Group is headquartered at 100 EAST PRATT STREET, BALTIMORE MD, 21202.

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.


This page was last updated on 2/26/2021 by MarketBeat.com Staff

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