NASDAQ:TROWT. Rowe Price Group Stock Price, Forecast & News

$127.51

+4.55 (+3.70 %)

(As of 06/3/2020 04:00 PM ET)

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Today's Range

$123.44

Now: $127.51▼

$127.83

50-Day Range

$98.85

MA: $110.93▼

$122.46

52-Week Range

$82.51

Now: $127.51▼

$139.82

Volume1.19 million shs

Average Volume1.63 million shs

Market Capitalization$29.01 billion

P/E Ratio15.88

Dividend Yield2.93%

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.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
T. Rowe Price Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 3 buy ratings, 5 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $107.82, T. Rowe Price Group has a potential downside of 15.4% from its current price of $127.51.
Amount of Analyst Coverage
T. Rowe Price Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0 Community Rank

Outperform Votes
T. Rowe Price Group has received 577 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
T. Rowe Price Group has received 848 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
T. Rowe Price Group has received 59.51% “underperform” votes from our community.

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.

5.0 Dividend Strength

Dividend Leadership
T. Rowe Price Group is a leading dividend payer. It pays a dividend yield of 2.93%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
T. Rowe Price Group has been increasing its dividend for 33 years.
Dividend Coverage
The dividend payout ratio of T. Rowe Price Group is 44.61 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, T. Rowe Price Group will have a dividend payout ratio of 50.99 % next year. This indicates that T. Rowe Price Group will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, T. Rowe Price Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,047,719.00 in company stock.
Percentage Held by Insiders
Only 1.00% of the stock of T. Rowe Price Group is held by insiders.
Percentage Held by Institutions
70.76% of the stock of T. Rowe Price Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for T. Rowe Price Group are expected to grow by 3.22% in the coming year, from $6.84 to $7.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of T. Rowe Price Group is 15.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.10.
Price to Earnings Ratio vs. Sector
The P/E ratio of T. Rowe Price Group is 15.88, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.59.
Price to Earnings Growth Ratio
T. Rowe Price Group has a PEG Ratio of 1.92. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
T. Rowe Price Group has a P/B Ratio of 4.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.38 out of 5 stars

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

CIK1113169

Webwww.troweprice.com

Phone410-345-2000

Debt

Debt-to-Equity Ratio0.03

Current Ratio4.55

Quick Ratio4.55

Price-To-Earnings

Trailing P/E Ratio15.88

Forward P/E Ratio18.64

P/E Growth1.92

Sales & Book Value

Annual Sales$5.62 billion

Price / Sales5.16

Cash Flow$9.70 per share

Price / Cash Flow13.15

Book Value$30.39 per share

Price / Book4.20

Profitability

EPS (Most Recent Fiscal Year)$8.07

Net Income$2.13 billion

Net Margins33.86%

Return on Equity29.22%

Return on Assets21.71%

Miscellaneous

Employees7,365

Outstanding Shares227,549,000

Market Cap$29.01 billion

Next Earnings Date7/22/2020 (Estimated)

OptionableOptionable

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

How has T. Rowe Price Group's stock 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 (WHO). Since then, TROW shares have increased by 20.8% and is now trading at $127.51. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 3 sell ratings, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for T. Rowe Price Group.

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

T. Rowe Price Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. 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) announced its quarterly earnings data on Tuesday, April, 28th. The asset manager reported $1.87 EPS for the quarter, beating the Zacks' consensus estimate of $1.79 by $0.08. The asset manager had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.43 billion. T. Rowe Price Group had a net margin of 33.86% and a return on equity of 29.22%. The firm's quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.87 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 announced a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 15th will be given a dividend of $0.90 per share on Tuesday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Friday, June 12th. View T. Rowe Price Group's dividend history.

What price target have analysts set for TROW?

11 brokerages have issued 1-year price targets for T. Rowe Price Group's stock. Their forecasts range from $84.00 to $135.00. On average, they anticipate T. Rowe Price Group's share price to reach $107.82 in the next year. This suggests that the stock has a possible downside of 15.4%. View analysts' price targets for T. Rowe Price Group.

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

Headlines about TROW stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. T. Rowe Price Group earned a daily sentiment score of -3.1 on InfoTrie's scale. They also assigned press coverage about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutT. Rowe Price Group.

Are investors shorting T. Rowe Price Group?

T. Rowe Price Group saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 6,920,000 shares, a drop of 16.0% from the April 30th total of 8,240,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the short-interest ratio is presently 3.7 days. Currently, 3.1% of the company's shares are short sold. View T. Rowe Price Group's Current Options Chain.

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

Some companies that are related to T. Rowe Price Group include BlackRock (BLK), Bank of New York Mellon (BK), State Street (STT), Ameriprise Financial (AMP), Northern Trust (NTRS), Franklin Resources (BEN), SEI Investments (SEIC), Ares Capital (ARCC), Eaton Vance (EV), Legg Mason (LM), Invesco (IVZ), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Federated Investors (FII) and Main Street Capital (MAIN). View all 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), PepsiCo (PEP), Exxon Mobil (XOM), Walmart (WMT), Mcdonald's (MCD), Cisco Systems (CSCO), Intel (INTC) and Procter & Gamble (PG).

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, Pres, CEO & Director (Age 59)
Ms. Céline Dufétel, CFO & Treasurer (Age 38)
Mr. Robert W. Sharps C.F.A., CPA, CFA, CPA, Head of Investments & Group Chief Investment Officer (Age 48)
Mr. Christopher David Alderson, Co-Head of Global Equity (Age 57)
Ms. Jessica M. Hiebler, Principal Accounting Officer & VP (Age 43)

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.37%), State Street Corp (5.46%), JPMorgan Chase & Co. (4.51%), Fayez Sarofim & Co (3.54%), Geode Capital Management LLC (1.98%) and Massachusetts Financial Services Co. MA (1.43%). Company insiders that own T. Rowe Price Group stock include Christopher D Alderson, David Oestreicher, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Scott B David, Sebastien Page, 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 Capital World Investors, The Manufacturers Life Insurance Company , State Street Corp, Lord Abbett & CO. LLC, AGF Investments Inc., Nuveen Asset Management LLC, Johanson Financial Advisors Inc., and Wells Fargo & Company MN. Company insiders that have sold T. Rowe Price Group company stock in the last year include Christopher D Alderson, David Oestreicher, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Sebastien Page, and W Sharps Robert. View insider buying and selling activity 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 APG Asset Management N.V., JPMorgan Chase & Co., Sumitomo Mitsui Trust Holdings Inc., BlackRock Inc., APG Asset Management N.V., APG Asset Management N.V., Los Angeles Capital Management & Equity Research Inc., and Geode Capital Management LLC. View insider buying and selling activity 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, Robinhood, 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 $127.51.

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

T. Rowe Price Group has a market capitalization of $29.01 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. T. Rowe Price Group employs 7,365 workers across the globe.

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.

This page was last updated on 6/3/2020 by MarketBeat.com Staff