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NASDAQ:TROW

T. Rowe Price Group (TROW) Stock Forecast, Price & News

$121.31
-0.47 (-0.39%)
(As of 05/23/2022 04:00 PM ET)
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Compare
Today's Range
$120.56
$123.65
50-Day Range
$114.78
$155.76
52-Week Range
$112.65
$224.55
Volume
1.68 million shs
Average Volume
1.82 million shs
Market Capitalization
$27.57 billion
P/E Ratio
9.81
Dividend Yield
3.94%
Beta
1.34
30 days | 90 days | 365 days | Advanced Chart
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T. Rowe Price Group logo

About T. Rowe Price Group

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.

Headlines

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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

Sales & Book Value

Annual Sales
$7.67 billion
Cash Flow
$14.37 per share
Book Value
$41.03 per share

Profitability

Net Income
$3.08 billion
Pretax Margin
47.72%

Debt

Price-To-Earnings

Miscellaneous

Free Float
225,024,000
Market Cap
$27.57 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/30 Dividend
3/14/2022
Dividend Payable
3/30/2022
Last Earnings
4/28/2022
Today
5/23/2022
Ex-Dividend for 6/29 Dividend
6/14/2022
Dividend Payable
6/29/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

3.41 out of 5 stars

Finance Sector

29th out of 1,349 stocks

Security & Commodity Brokers, Dealers, Exchanges & Services Industry

1st out of 15 stocks

Analyst Opinion: 3.9Community Rank: 3.7Dividend Strength: 5.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













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

Is T. Rowe Price Group a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 3 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

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

T. Rowe Price Group is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
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) posted its quarterly earnings data on Thursday, April, 28th. The asset manager reported $2.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.76 by $0.14. The asset manager had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.86 billion. T. Rowe Price Group had a trailing twelve-month return on equity of 33.38% and a net margin of 37.64%. T. Rowe Price Group's quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.01 EPS.
View T. Rowe Price Group's earnings history
.

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 Tuesday, May 10th. Investors of record on Wednesday, June 15th will be given a dividend of $1.20 per share on Wednesday, June 29th. This represents a $4.80 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, June 14th.
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 $4.80 per share and currently has a dividend yield of 3.94%. T. Rowe Price Group 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 of T. Rowe Price Group is 38.83%. 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 42.63% 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?

9 Wall Street analysts have issued twelve-month target prices for T. Rowe Price Group's shares. Their forecasts range from $90.00 to $212.00. On average, they expect T. Rowe Price Group's share price to reach $166.67 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
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. Robert W. Sharps C.F.A., CPA, CFA, CPA, CEO, Pres & Director (Age 51, Pay $10.74M)
  • Ms. Jennifer B. Dardis, VP, CFO & Treasurer (Age 48, Pay $3.02M)
  • Mr. Eric Lanoue Veiel C.F.A., Chief Investment Officer & Head of Global Equity (Age 50, Pay $8.69M)
  • Mr. Justin Thomson, VP, Head of International Equity & CIO for International Equities (Age 53, Pay $8.27M)
  • Mr. Glenn Russell August, Founder & CEO of Oak Hill Advisors, LP and Director (Age 60)
  • Mr. Robert Charles-Trant Higginbotham, Head of Global Distribution, VP & Interim COO (Age 53)
  • Mr. Sébastien Page C.F.A., CFA, VP, Head of Global Multi-Asset & CIO (Age 45) (LinkedIn Profile)
  • Ms. Jessica M. Hiebler, Principal Accounting Officer, Controller & VP (Age 46) (LinkedIn Profile)
  • Mr. Scot Baldry, Head of Global Technology
  • Ms. Teresa Whitaker, Investor Relations Mang.
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.

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 variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.88%), BlackRock Inc. (8.67%), State Street Corp (5.43%), JPMorgan Chase & Co. (4.15%), Charles Schwab Investment Management Inc. (1.64%) and Bank of New York Mellon Corp (1.25%). Company insiders that own T. Rowe Price Group 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 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 Robeco Institutional Asset Management B.V., Sumitomo Mitsui Trust Holdings Inc., Virginia Retirement Systems ET AL, First Republic Investment Management Inc., Healthcare of Ontario Pension Plan Trust Fund, Caisse DE Depot ET Placement DU Quebec, Vaughan David Investments LLC IL, and DekaBank Deutsche Girozentrale. Company insiders that have sold T. Rowe Price Group company stock in the last year include Andrew Justin Mackenzi Thomson, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Sebastien Page, and William J Stromberg.
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 American Century Companies Inc., BlackRock Inc., JPMorgan Chase & Co., Bank of New York Mellon Corp, Van ECK Associates Corp, Vanguard Group Inc., Renaissance Technologies LLC, and Wellington Management Group LLP.
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 $121.31.

How much money does T. Rowe Price Group make?

T. Rowe Price Group has a market capitalization of $27.57 billion and generates $7.67 billion in revenue each year. The asset manager earns $3.08 billion in net income (profit) each year or $12.359990 on an earnings per share basis.

How many employees does T. Rowe Price Group have?

T. Rowe Price Group 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.

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.

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 or via fax at 410-345-2394.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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