T. Rowe Price Group Company Profile (NASDAQ:TROW)

About T. Rowe Price Group (NASDAQ:TROW)

T. Rowe Price Group logoT. Rowe Price Group, Inc. is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors. The Company distributes its products in countries located within three geographical regions: North America, Europe Middle East and Africa (EMEA), and Asia Pacific (APAC). It also offers specialized advisory services, including management of stable value investment contracts and a distribution management service for the disposition of equity securities its clients receive from third-party venture capital investment pools. As of December 31, 2016, it serviced clients in 45 countries across the world.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Investment Management
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NASDAQ:TROW
  • CUSIP: 74144T10
  • Web: www.troweprice.com
  • Market Cap: $23.28108 billion
  • Outstanding Shares: 240,357,000
Average Prices:
  • 50 Day Moving Avg: $88.80
  • 200 Day Moving Avg: $78.92
  • 52 Week Range: $62.97 - $97.35
  • Trailing P/E Ratio: 16.63
  • Foreward P/E Ratio: 17.23
  • P/E Growth: 1.38
Sales & Book Value:
  • Annual Revenue: $4.47 billion
  • Price / Sales: 5.21
  • Book Value: $21.51 per share
  • Price / Book: 4.50
  • Annual Dividend: $2.28
  • Dividend Yield: 2.4%
  • EBITDA: $2.06 billion
  • Net Margins: 32.64%
  • Return on Equity: 24.38%
  • Return on Assets: 18.94%
  • Current Ratio: 4.00%
  • Quick Ratio: 4.00%
  • Average Volume: 1.31 million shs.
  • Beta: 1.25
  • Short Ratio: 6.97

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

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 Monday, August 21st. Shareholders of record on Thursday, September 14th will be paid a dividend of $0.57 per share on Thursday, September 28th. This represents a $2.28 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Wednesday, September 13th. View T. Rowe Price Group's Dividend History.

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

T. Rowe Price Group, Inc. (NASDAQ:TROW) announced its quarterly earnings data on Tuesday, July, 25th. The company reported $1.28 EPS for the quarter, beating the Zacks' consensus estimate of $1.27 by $0.01. The firm earned $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. T. Rowe Price Group had a net margin of 32.64% and a return on equity of 24.38%. T. Rowe Price Group's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.76 earnings per share. View T. Rowe Price Group's Earnings History.

When will T. Rowe Price Group make its next earnings announcement?

T. Rowe Price Group is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for T. Rowe Price Group.

Where is T. Rowe Price Group's stock going? Where will T. Rowe Price Group's stock price be in 2017?

9 equities research analysts have issued 1-year price targets for T. Rowe Price Group's shares. Their predictions range from $71.00 to $104.00. On average, they anticipate T. Rowe Price Group's share price to reach $89.38 in the next twelve months. View Analyst Ratings for T. Rowe Price Group.

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:

  • William J. Stromberg, President, Chief Executive Officer, Director
  • Edward C. Bernard, Vice Chairman of the Board
  • Kenneth V. Moreland, Chief Financial Officer, Vice President, Treasurer
  • Jessica M. Hiebler, Vice President, Principal Accounting Officer
  • Christopher D. Alderson, Co - Head of Global Equity
  • Robert W. Sharps, Co - Head of Global Equity
  • Edward A. Wiese, Head of Fixed Income
  • David Oestreicher, Corporate Secretary, Chief Legal Officer
  • Brian C. Rogers, Non-Executive Chairman of the Board
  • Mark S. Bartlett, Independent Director

Who owns T. Rowe Price Group stock?

T. Rowe Price Group's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include PGGM Investments (0.23%), APG Asset Management N.V. (0.14%), Sit Investment Associates Inc. (0.08%), Fisher Asset Management LLC (0.06%), Tandem Investment Advisors Inc. (0.03%) and Robeco Institutional Asset Management B.V. (0.03%). Company insiders that own T. Rowe Price Group stock include Anne M Whittemore, Christopher D Alderson, David Oestreicher, Donald B Hebb Jr, Edward A Wiese, James A C Kennedy, Jessica M Hiebler and Kenneth V Moreland. View Institutional Ownership Trends for T. Rowe Price Group.

Who sold T. Rowe Price Group stock? Who is selling T. Rowe Price Group stock?

T. Rowe Price Group's stock was sold by a variety of institutional investors in the last quarter, including Sit Investment Associates Inc., Bridges Investment Counsel Inc., Alpha Windward LLC, State Treasurer State of Michigan, Tandem Investment Advisors Inc., Fisher Asset Management LLC, Osborn Williams & Donohoe LLC and Asset Advisors Corp. Company insiders that have sold T. Rowe Price Group stock in the last year include Anne M Whittemore, Christopher D Alderson, David Oestreicher, Edward A Wiese, Jessica M Hiebler and Kenneth V Moreland. View Insider Buying and Selling for T. Rowe Price Group.

Who bought T. Rowe Price Group stock? Who is buying T. Rowe Price Group stock?

T. Rowe Price Group's stock was acquired by a variety of institutional investors in the last quarter, including Barometer Capital Management Inc., Shell Asset Management Co., Wealth Enhancement Advisory Services LLC, Robeco Institutional Asset Management B.V., PGGM Investments, Carnick & Kubik Group LLC, APG Asset Management N.V. and Curbstone Financial Management Corp. View Insider Buying and Selling for T. Rowe Price Group.

How do I buy T. Rowe Price Group stock?

Shares of T. Rowe Price Group can be purchased through any online brokerage account. Popular online brokerages 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 T. Rowe Price Group stock can currently be purchased for approximately $96.86.

MarketBeat Community Rating for T. Rowe Price Group (NASDAQ TROW)
Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  338 (Vote Outperform)
Underperform Votes:  567 (Vote Underperform)
Total Votes:  905
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for T. Rowe Price Group (NASDAQ:TROW) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 5 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $89.38 (7.73% downside)
Consensus Price Target History for T. Rowe Price Group (NASDAQ:TROW)
Price Target History for T. Rowe Price Group (NASDAQ:TROW)
Analysts' Ratings History for T. Rowe Price Group (NASDAQ:TROW)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/10/2017Jefferies Group LLCReiterated RatingBuy$96.00 -> $104.00N/AView Rating Details
10/5/2017Morgan StanleyUpgradeUnderweight -> Equal$77.00 -> $93.00N/AView Rating Details
9/28/2017Goldman Sachs Group, Inc. (The)UpgradeNeutral -> Buy$85.00 -> $100.00HighView Rating Details
9/8/2017Barclays PLCInitiated CoverageUnderweight -> Underweight$79.00LowView Rating Details
7/27/2017Wells Fargo & CompanyReiterated RatingMarket PerformLowView Rating Details
7/26/2017Citigroup Inc.Boost Price TargetNeutral$73.50 -> $90.00HighView Rating Details
7/26/2017Credit Suisse GroupBoost Price TargetNeutral$70.00 -> $90.00LowView Rating Details
5/1/2017Deutsche Bank AGReiterated RatingHold$74.00 -> $71.00LowView Rating Details
4/26/2017ArgusDowngradeBuy -> HoldMediumView Rating Details
1/12/2017J P Morgan Chase & CoReiterated RatingUnderweightN/AView Rating Details
10/15/2016Keefe, Bruyette & WoodsSet Price TargetHold$72.00N/AView Rating Details
5/26/2016Bank of America CorporationReiterated RatingHoldN/AView Rating Details
4/27/2016Royal Bank Of CanadaBoost Price TargetSector Perform$74.00 -> $78.00N/AView Rating Details
4/12/2016Sandler O'NeillBoost Price Target$75.00 -> $76.00N/AView Rating Details
1/31/2016William BlairReiterated RatingBuyN/AView Rating Details
1/15/2016JP Morgan CazenoveReiterated RatingUnderweight$74.00 -> $68.00N/AView Rating Details
1/7/2016Susquehanna Bancshares IncLower Price TargetPositive$85.00 -> $80.00N/AView Rating Details
1/7/2016Sanford C. BernsteinLower Price Target$87.00 -> $82.00N/AView Rating Details
(Data available from 10/22/2015 forward)


Earnings History for T. Rowe Price Group (NASDAQ:TROW)
Earnings by Quarter for T. Rowe Price Group (NASDAQ:TROW)
Earnings History by Quarter for T. Rowe Price Group (NASDAQ TROW)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$1.36N/AView Earnings Details
7/25/2017Q2 2017$1.27$1.28$1.16 billion$1.17 billionViewN/AView Earnings Details
4/25/2017Q1 2017$1.20$1.18$1.10 billion$1.11 billionViewN/AView Earnings Details
1/26/2017Q416$1.43$1.50$1.10 billion$1.10 billionViewN/AView Earnings Details
10/27/2016Q316$1.18$1.17$1.08 billion$1.10 billionViewN/AView Earnings Details
7/26/2016Q216$0.72$0.76$1.03 billion$1,000.00 millionViewN/AView Earnings Details
4/26/2016Q116$1.03$1.15$1.01 billion$1,000.00 millionViewN/AView Earnings Details
1/28/2016Q415$1.11$1.17$1.02 billion$1.05 billionViewN/AView Earnings Details
10/22/2015Q315$1.14$1.06$1.04 billion$1.05 billionViewN/AView Earnings Details
7/23/2015Q2$1.20$1.24$1.06 billion$1.07 billionViewN/AView Earnings Details
4/22/2015Q115$1.14$1.13$1.03 billion$1.03 billionViewN/AView Earnings Details
1/28/2015Q414$1.14$1.18$1.02 billion$1,000.00 millionViewN/AView Earnings Details
10/23/2014Q314$1.15$1.12$1.02 billion$1,000.00 millionViewN/AView Earnings Details
7/24/2014Q214$1.12$1.13$991.60 million$984.30 millionViewN/AView Earnings Details
4/24/2014Q114$1.03$1.05$948.36 million$954.60 millionViewN/AView Earnings Details
1/27/2014Q413$0.95$1.06$863.28 million$929.80 millionViewN/AView Earnings Details
10/24/2013Q313$0.97$1.00$870.26 million$884.40 millionViewN/AView Earnings Details
7/24/2013Q2 2013$0.95$0.92$855.76 million$854.30 millionViewN/AView Earnings Details
4/24/2013Q1 2013$0.89$0.91$816.93 million$815.70 millionViewN/AView Earnings Details
1/29/2013Q4 2012$0.89$0.88$799.41 million$787.30 millionViewN/AView Earnings Details
10/24/2012$0.83$0.94ViewN/AView Earnings Details
7/25/2012$0.81$0.79ViewN/AView Earnings Details
4/24/2012$0.76$0.75ViewN/AView Earnings Details
1/27/2012$0.69$0.73ViewN/AView Earnings Details
10/25/2011$0.74$0.71ViewN/AView Earnings Details
7/26/2011$0.78$0.76ViewN/AView Earnings Details
4/21/2011$0.75$0.72ViewN/AView Earnings Details
1/28/2011$0.69$0.72ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for T. Rowe Price Group (NASDAQ:TROW)
2017 EPS Consensus Estimate: $5.14
2018 EPS Consensus Estimate: $5.37
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$1.17$1.21$1.19
Q2 20173$1.21$1.28$1.25
Q3 20173$1.31$1.34$1.33
Q4 20173$1.30$1.43$1.37
Q1 20181$1.22$1.22$1.22
Q2 20181$1.34$1.34$1.34
Q3 20181$1.40$1.40$1.40
Q4 20181$1.41$1.41$1.41
(Data provided by Zacks Investment Research)


Current Dividend Information for T. Rowe Price Group (NASDAQ:TROW)
Most Recent Dividend:9/28/2017
Annual Dividend:$2.28
Dividend Yield:2.35%
Dividend Growth:12.40% (3 Year Average)
Payout Ratio:39.18% (Trailing 12 Months of Earnings)
44.10% (Based on This Year's Estimates)
40.57% (Based on Next Year's Estimates)
Track Record:30 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for T. Rowe Price Group (NASDAQ:TROW)

Dividend History by Quarter for T. Rowe Price Group (NASDAQ TROW)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for T. Rowe Price Group (NASDAQ:TROW)
Insider Ownership Percentage: 3.60%
Institutional Ownership Percentage: 73.62%
Insider Trades by Quarter for T. Rowe Price Group (NASDAQ:TROW)
Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)
Insider Trades by Quarter for T. Rowe Price Group (NASDAQ:TROW)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/2/2017Kenneth V MorelandCFOSell13,041$90.43$1,179,297.63View SEC Filing  
9/29/2017Anne M WhittemoreDirectorSell4,163$90.64$377,334.32View SEC Filing  
8/31/2017Jessica M HieblerInsiderSell1,000$84.29$84,290.00View SEC Filing  
7/27/2017Anne M WhittemoreDirectorSell8,326$82.03$682,981.78View SEC Filing  
7/27/2017David OestreicherInsiderSell10,394$83.07$863,429.58View SEC Filing  
2/17/2017Anne M WhittemoreDirectorSell8,326$71.02$591,312.52View SEC Filing  
12/20/2016Christopher D AldersonVPSell133,244$77.67$10,349,061.48View SEC Filing  
12/13/2016Edward A WieseVPSell3,000$76.12$228,360.00View SEC Filing  
12/9/2016Christopher D AldersonVPSell4,512$76.72$346,160.64View SEC Filing  
4/27/2016James A C KennedyDirectorSell50,000$77.75$3,887,500.00View SEC Filing  
3/30/2016Christopher D AldersonVPSell149,650$74.33$11,123,484.50View SEC Filing  
3/21/2016James A C KennedyVPSell38,992$73.42$2,862,792.64View SEC Filing  
3/4/2016Donald B Hebb JrDirectorSell4,163$72.63$302,358.69View SEC Filing  
2/26/2016Anne M WhittemoreDirectorSell8,326$69.28$576,825.28View SEC Filing  
12/10/2015Christopher D. AldersonVPSell3,384$73.75$249,570.00View SEC Filing  
12/10/2015Jessica M. HieblerinsiderSell1,150$73.13$84,099.50View SEC Filing  
11/17/2015James A. C. KennedyCEOSell101,728$74.70$7,599,081.60View SEC Filing  
12/22/2014Christopher D AldersonVPSell81,250$86.84$7,055,750.00View SEC Filing  
12/4/2014Anne M WhittemoreDirectorSell4,062$82.79$336,292.98View SEC Filing  
11/12/2014James A C KennedyCEOSell98,515$82.59$8,136,353.85View SEC Filing  
11/7/2014Alfred SommerDirectorSell12,186$83.02$1,011,681.72View SEC Filing  
6/24/2014Mark S BartlettDirectorBuy4,500$83.32$374,940.00View SEC Filing  
10/30/2013Alfred SommerDirectorSell9,140$78.06$713,468.40View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for T. Rowe Price Group (NASDAQ:TROW)
Latest Headlines for T. Rowe Price Group (NASDAQ:TROW)
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T. Rowe Price Group (TROW) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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