About T. Rowe Price Group (NASDAQ:TROW)
T. 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
- 50 Day Moving Avg: $88.80
- 200 Day Moving Avg: $78.92
- 52 Week Range: $62.97 - $97.35
Sales & Book Value:
- Trailing P/E Ratio: 16.63
- Foreward P/E Ratio: 17.23
- P/E Growth: 1.38
- 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?
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?
Some companies that are related to T. Rowe Price Group include The Blackstone Group L.P. (BX), Legal & General Group Plc (LGEN), Standard Life Aberdeen PLC (SLA), KKR & Co. L.P. (KKR), Hargreaves Lansdown PLC (HL), Eaton Vance Corporation (EV), Federated Investors (FII), Artisan Partners Asset Management (APAM), Jupiter Fund Management PLC (JUP), Ashmore Group plc (ASHM), AllianceBernstein Holding L.P. (AB), Financial Engines (FNGN), The Carlyle Group L.P. (CG), Cohen & Steers (CNS), OM Asset Management PLC (OMAM), WisdomTree Investments (WETF), Ares Management L.P. (ARES) and Rathbone Brothers plc (RAT).
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?
MarketBeat Community Rating for T. Rowe Price Group (NASDAQ TROW)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.
One share of T. Rowe Price Group stock can currently be purchased for approximately $96.86.
Consensus Ratings for T. Rowe Price Group (NASDAQ:TROW) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for T. Rowe Price Group (NASDAQ:TROW)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/10/2017||Jefferies Group LLC||Reiterated Rating||Buy||$96.00 -> $104.00||N/A|
|10/5/2017||Morgan Stanley||Upgrade||Underweight -> Equal||$77.00 -> $93.00||N/A|
|9/28/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Neutral -> Buy||$85.00 -> $100.00||High|
|9/8/2017||Barclays PLC||Initiated Coverage||Underweight -> Underweight||$79.00||Low|
|7/27/2017||Wells Fargo & Company||Reiterated Rating||Market Perform||Low|
|7/26/2017||Citigroup Inc.||Boost Price Target||Neutral||$73.50 -> $90.00||High|
|7/26/2017||Credit Suisse Group||Boost Price Target||Neutral||$70.00 -> $90.00||Low|
|5/1/2017||Deutsche Bank AG||Reiterated Rating||Hold||$74.00 -> $71.00||Low|
|4/26/2017||Argus||Downgrade||Buy -> Hold||Medium|
|1/12/2017||J P Morgan Chase & Co||Reiterated Rating||Underweight||N/A|
|10/15/2016||Keefe, Bruyette & Woods||Set Price Target||Hold||$72.00||N/A|
|5/26/2016||Bank of America Corporation||Reiterated Rating||Hold||N/A|
|4/27/2016||Royal Bank Of Canada||Boost Price Target||Sector Perform||$74.00 -> $78.00||N/A|
|4/12/2016||Sandler O'Neill||Boost Price Target||$75.00 -> $76.00||N/A|
|1/31/2016||William Blair||Reiterated Rating||Buy||N/A|
|1/15/2016||JP Morgan Cazenove||Reiterated Rating||Underweight||$74.00 -> $68.00||N/A|
|1/7/2016||Susquehanna Bancshares Inc||Lower Price Target||Positive||$85.00 -> $80.00||N/A|
|1/7/2016||Sanford C. Bernstein||Lower Price Target||$87.00 -> $82.00||N/A|
Earnings History for T. Rowe Price Group (NASDAQ:TROW)Earnings History by Quarter for T. Rowe Price Group (NASDAQ TROW)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$1.27||$1.28||$1.16 billion||$1.17 billion||View||N/A|
|4/25/2017||Q1 2017||$1.20||$1.18||$1.10 billion||$1.11 billion||View||N/A|
|1/26/2017||Q416||$1.43||$1.50||$1.10 billion||$1.10 billion||View||N/A|
|10/27/2016||Q316||$1.18||$1.17||$1.08 billion||$1.10 billion||View||N/A|
|7/26/2016||Q216||$0.72||$0.76||$1.03 billion||$1,000.00 million||View||N/A|
|4/26/2016||Q116||$1.03||$1.15||$1.01 billion||$1,000.00 million||View||N/A|
|1/28/2016||Q415||$1.11||$1.17||$1.02 billion||$1.05 billion||View||N/A|
|10/22/2015||Q315||$1.14||$1.06||$1.04 billion||$1.05 billion||View||N/A|
|7/23/2015||Q2||$1.20||$1.24||$1.06 billion||$1.07 billion||View||N/A|
|4/22/2015||Q115||$1.14||$1.13||$1.03 billion||$1.03 billion||View||N/A|
|1/28/2015||Q414||$1.14||$1.18||$1.02 billion||$1,000.00 million||View||N/A|
|10/23/2014||Q314||$1.15||$1.12||$1.02 billion||$1,000.00 million||View||N/A|
|7/24/2014||Q214||$1.12||$1.13||$991.60 million||$984.30 million||View||N/A|
|4/24/2014||Q114||$1.03||$1.05||$948.36 million||$954.60 million||View||N/A|
|1/27/2014||Q413||$0.95||$1.06||$863.28 million||$929.80 million||View||N/A|
|10/24/2013||Q313||$0.97||$1.00||$870.26 million||$884.40 million||View||N/A|
|7/24/2013||Q2 2013||$0.95||$0.92||$855.76 million||$854.30 million||View||N/A|
|4/24/2013||Q1 2013||$0.89||$0.91||$816.93 million||$815.70 million||View||N/A|
|1/29/2013||Q4 2012||$0.89||$0.88||$799.41 million||$787.30 million||View||N/A|
Earnings Estimates for T. Rowe Price Group (NASDAQ:TROW)
2017 EPS Consensus Estimate: $5.14
2018 EPS Consensus Estimate: $5.37
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for T. Rowe Price Group (NASDAQ:TROW)
|Most Recent Dividend:||9/28/2017|
|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 History by Quarter for T. Rowe Price Group (NASDAQ TROW)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for T. Rowe Price Group (NASDAQ:TROW)
Insider Ownership Percentage: 3.60%Insider Trades by Quarter for T. Rowe Price Group (NASDAQ:TROW)
Institutional Ownership Percentage: 73.62%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|10/2/2017||Kenneth V Moreland||CFO||Sell||13,041||$90.43||$1,179,297.63|| |
|9/29/2017||Anne M Whittemore||Director||Sell||4,163||$90.64||$377,334.32|| |
|8/31/2017||Jessica M Hiebler||Insider||Sell||1,000||$84.29||$84,290.00|| |
|7/27/2017||Anne M Whittemore||Director||Sell||8,326||$82.03||$682,981.78|| |
|7/27/2017||David Oestreicher||Insider||Sell||10,394||$83.07||$863,429.58|| |
|2/17/2017||Anne M Whittemore||Director||Sell||8,326||$71.02||$591,312.52|| |
|12/20/2016||Christopher D Alderson||VP||Sell||133,244||$77.67||$10,349,061.48|| |
|12/13/2016||Edward A Wiese||VP||Sell||3,000||$76.12||$228,360.00|| |
|12/9/2016||Christopher D Alderson||VP||Sell||4,512||$76.72||$346,160.64|| |
|4/27/2016||James A C Kennedy||Director||Sell||50,000||$77.75||$3,887,500.00|| |
|3/30/2016||Christopher D Alderson||VP||Sell||149,650||$74.33||$11,123,484.50|| |
|3/21/2016||James A C Kennedy||VP||Sell||38,992||$73.42||$2,862,792.64|| |
|3/4/2016||Donald B Hebb Jr||Director||Sell||4,163||$72.63||$302,358.69|| |
|2/26/2016||Anne M Whittemore||Director||Sell||8,326||$69.28||$576,825.28|| |
|12/10/2015||Christopher D. Alderson||VP||Sell||3,384||$73.75||$249,570.00|| |
|12/10/2015||Jessica M. Hiebler||insider||Sell||1,150||$73.13||$84,099.50|| |
|11/17/2015||James A. C. Kennedy||CEO||Sell||101,728||$74.70||$7,599,081.60|| |
|12/22/2014||Christopher D Alderson||VP||Sell||81,250||$86.84||$7,055,750.00|| |
|12/4/2014||Anne M Whittemore||Director||Sell||4,062||$82.79||$336,292.98|| |
|11/12/2014||James A C Kennedy||CEO||Sell||98,515||$82.59||$8,136,353.85|| |
|11/7/2014||Alfred Sommer||Director||Sell||12,186||$83.02||$1,011,681.72|| |
|6/24/2014||Mark S Bartlett||Director||Buy||4,500||$83.32||$374,940.00|| |
|10/30/2013||Alfred Sommer||Director||Sell||9,140||$78.06||$713,468.40|| |
Headline Trends for T. Rowe Price Group (NASDAQ:TROW)
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T. Rowe Price Group (TROW) Chart for Sunday, October, 22, 2017