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

$120.90
+0.24 (+0.20 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$118.59
Now: $120.90
$121.10
50-Day Range
$98.85
MA: $109.33
$122.46
52-Week Range
$82.51
Now: $120.90
$139.82
Volume2.23 million shs
Average Volume1.20 million shs
Market Capitalization$27.51 billion
P/E Ratio15.06
Dividend Yield2.98%
Beta1.16
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.
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T. Rowe Price Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.0Dividend Strength: 5.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.25 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$5.62 billion
Cash Flow$9.29 per share
Book Value$28.27 per share

Profitability

Net Income$2.13 billion

Miscellaneous

Employees7,365
Market Cap$27.51 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. Since then, TROW shares have increased by 14.6% and is now trading at $120.90. 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 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.79 by $0.08. The asset manager earned $1.46 billion during the quarter, compared to analyst estimates 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 revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.87 earnings per share. 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 paid a dividend of $0.90 per share on Tuesday, June 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, June 12th. View T. Rowe Price Group's dividend history.

What price target have analysts set for TROW?

11 equities research analysts have issued twelve-month price targets for T. Rowe Price Group's stock. Their forecasts range from $84.00 to $135.00. On average, they expect 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 10.8%. View analysts' price targets for T. Rowe Price Group.

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

News articles about TROW stock have trended very negative this week, InfoTrie reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public 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 news sentiment score of -3.0 on InfoTrie's scale. They also assigned headlines about the asset manager a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. 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 days-to-cover ratio is currently 3.7 days. Currently, 3.1% of the shares of the company are sold short. View T. Rowe Price Group's Current Options Chain.

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), 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 a variety of retail and institutional investors. Top institutional investors 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, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Jessica M Hiebler, Mary K Bush, Robert CT Higginbotham, Robert F Maclellan, Scott B David, 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 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, 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 institutional investors are buying T. Rowe Price Group stock?

TROW stock was purchased 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 $120.90.

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

T. Rowe Price Group has a market capitalization of $27.51 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 5/30/2020 by MarketBeat.com Staff

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