T. Rowe Price Group Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last twelve months. There are currently 2 sell ratings, 6 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.
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Wall Street analysts have given T. Rowe Price Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but T. Rowe Price Group wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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T. Rowe Price Group is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for T. Rowe Price Group.

T. Rowe Price Group, Inc. (NASDAQ:TROW) posted its quarterly earnings results on Thursday, July, 29th. The asset manager reported $3.31 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $3.20 by $0.11. The asset manager had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.91 billion. T. Rowe Price Group had a trailing twelve-month return on equity of 35.82% and a net margin of 41.93%.
View T. Rowe Price Group's earnings history.

T. Rowe Price Group's stock was trading at $105.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, TROW shares have increased by 102.3% and is now trading at $213.51.
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T. Rowe Price Group announced a quarterly dividend on Monday, August 2nd. Stockholders of record on Wednesday, September 15th will be paid a dividend of $1.08 per share on Wednesday, September 29th. This represents a $4.32 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Tuesday, September 14th.
View T. Rowe Price Group's dividend history.

T. Rowe Price Group pays an annual dividend of $4.32 per share and currently has a dividend yield of 2.01%. The dividend payout ratio of T. Rowe Price Group is 45.09%. 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 32.31% 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.

10 equities research analysts have issued 12-month price targets for T. Rowe Price Group's shares. Their forecasts range from $145.00 to $245.00. On average, they expect T. Rowe Price Group's share price to reach $185.60 in the next twelve months. This suggests that the stock has a possible downside of 13.1%.
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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.

Some companies that are related to T. Rowe Price Group include BlackRock (BLK), The Bank of New York Mellon (BK), Ameriprise Financial (AMP), State Street (STT), Northern Trust (NTRS), Franklin Resources (BEN), Invesco (IVZ), Ares Capital (ARCC), SEI Investments (SEIC), Affiliated Managers Group (AMG), Cohen & Steers (CNS), Prospect Capital (PSEC), Main Street Capital (MAIN), Golub Capital BDC (GBDC) and Virtus Investment Partners (VRTS).
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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 The Home Depot (HD).

T. Rowe Price Group trades on the NASDAQ under the ticker symbol "TROW."

T. Rowe Price Group's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.69%), BlackRock Inc. (8.07%), State Street Corp (5.33%), JPMorgan Chase & Co. (3.76%), Geode Capital Management LLC (1.97%) and Charles Schwab Investment Management Inc. (1.35%). 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 F Maclellan, Sebastien Page, W Sharps Robert and William J Stromberg.
View institutional ownership trends for T. Rowe Price Group.

TROW stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, BlackRock Inc., Los Angeles Capital Management LLC, Brandywine Global Investment Management LLC, Bank of Nova Scotia, AQR Capital Management LLC, UBS Asset Management Americas Inc., and Northern Trust Corp. Company insiders that have sold T. Rowe Price Group company stock in the last year include Andrew Justin Mackenzi Thomson, Christopher D Alderson, Jessica M Hiebler, Mary K Bush, Sebastien Page, W Sharps Robert, and William J Stromberg.
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TROW stock was bought by a variety of institutional investors in the last quarter, including Amundi, Goldman Sachs Group Inc., Healthcare of Ontario Pension Plan Trust Fund, Charles Schwab Investment Management Inc., Natixis, State Street Corp, Bank of Montreal Can, and Alliancebernstein L.P..
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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.
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One share of TROW stock can currently be purchased for approximately $213.51.

T. Rowe Price Group has a market capitalization of $48.45 billion and generates $6.21 billion in revenue each year. The asset manager earns $2.37 billion in net income (profit) each year or $9.58 on an earnings per share basis.

T. Rowe Price Group employs 3,700 workers across the globe.

T. Rowe Price Group was founded in 1937.

The official website for T. Rowe Price Group is www.troweprice.com.

T. Rowe Price Group is headquartered at 100 EAST PRATT STREET, BALTIMORE MD, 21202.

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.