NASDAQ:TROW - T. Rowe Price Group Stock Price, News & Analysis

$107.37
+1.91 (+1.81 %)
(As of 08/18/2019 04:00 PM ET)
Today's Range
$106.01
Now: $107.37
$107.81
50-Day Range
$105.52
MA: $109.96
$115.36
52-Week Range
$84.59
Now: $107.37
$117.68
Volume601,700 shs
Average Volume1.30 million shs
Market Capitalization$25.29 billion
P/E Ratio15.02
Dividend Yield2.88%
Beta1.05
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. Read More…

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$5.37 billion
Cash Flow$8.3233 per share
Book Value$27.93 per share

Profitability

Net Income$1.84 billion

Miscellaneous

Employees7,022
Market Cap$25.29 billion
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable

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

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 announced a quarterly dividend on Thursday, April 25th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.76 per share on Friday, June 28th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date is Thursday, June 13th. View T. Rowe Price Group's Dividend History.

How will T. Rowe Price Group's stock buyback program work?

T. Rowe Price Group declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 26th 2018, which allows the company to buyback 10,000,000 shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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

T. Rowe Price Group Inc (NASDAQ:TROW) announced its earnings results on Wednesday, July, 24th. The asset manager reported $2.03 EPS for the quarter, topping the consensus estimate of $1.88 by $0.15. The asset manager earned $1.40 billion during the quarter, compared to analysts' expectations of $1.39 billion. T. Rowe Price Group had a return on equity of 28.80% and a net margin of 36.17%. The business's revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.87 EPS. View T. Rowe Price Group's Earnings History.

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

T. Rowe Price Group is scheduled to release their next quarterly earnings announcement on Thursday, October 24th 2019. View Earnings Estimates for T. Rowe Price Group.

What price target have analysts set for TROW?

12 Wall Street analysts have issued 12-month target prices for T. Rowe Price Group's stock. Their forecasts range from $93.00 to $122.00. On average, they anticipate T. Rowe Price Group's share price to reach $109.1818 in the next twelve months. This suggests a possible upside of 1.7% from the stock's current price. View Analyst Price Targets for T. Rowe Price Group.

What is the consensus analysts' recommendation for T. Rowe Price Group?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for T. Rowe Price Group in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for T. Rowe Price Group.

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

News articles about TROW stock have been trending negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a daily sentiment score of -2.3 on InfoTrie's scale. They also assigned news coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for T. Rowe Price Group.

Are investors shorting T. Rowe Price Group?

T. Rowe Price Group saw a increase in short interest in July. As of July 31st, there was short interest totalling 5,384,400 shares, an increase of 19.1% from the June 30th total of 4,520,100 shares. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is presently 4.8 days. Approximately 2.3% of the company's stock are short sold. 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), Exxon Mobil (XOM), Johnson & Johnson (JNJ), PepsiCo (PEP), Mcdonald's (MCD), AbbVie (ABBV), Procter & Gamble (PG), Walt Disney (DIS), Home Depot (HD) and Cisco Systems (CSCO).

Who are T. Rowe Price Group's key executives?

T. Rowe Price Group's management team includes the folowing 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)

Who are T. Rowe Price Group's major shareholders?

T. Rowe Price Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.57%), BlackRock Inc. (7.56%), Fayez Sarofim & Co (3.41%), Northern Trust Corp (1.23%), Bank of New York Mellon Corp (0.91%) and Charles Schwab Investment Management Inc. (0.78%). Company insiders that own T. Rowe Price Group stock include Anne M Whittemore, Christopher D Alderson, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, Jessica M Hiebler, Kenneth V Moreland, 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 major investors are selling T. Rowe Price Group stock?

TROW stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, APG Asset Management N.V., Brown Advisory Inc., First Trust Advisors LP, Ellis Investment Partners LLC, UBS Group AG, GW Henssler & Associates Ltd. and Bank of Nova Scotia. Company insiders that have sold T. Rowe Price Group company stock in the last year include Christopher D Alderson, Edward C Bernard, Mary K Bush, Robert CT Higginbotham, Scott B David, Sebastien Page and W Sharps Robert. View Insider Buying and Selling for T. Rowe Price Group.

Which major investors are buying T. Rowe Price Group stock?

TROW stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., Skandinaviska Enskilda Banken AB publ , Marshall Wace North America L.P., Adams Diversified Equity Fund Inc., Morgan Stanley, Royal Bank of Canada and Envestnet Asset Management Inc.. View Insider Buying and Selling 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, Scottrade, 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 $107.37.

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

T. Rowe Price Group has a market capitalization of $25.29 billion and generates $5.37 billion in revenue each year. The asset manager earns $1.84 billion in net income (profit) each year or $7.15 on an earnings per share basis. T. Rowe Price Group employs 7,022 workers across the globe.View Additional Information About T. Rowe Price Group.

What is T. Rowe Price Group's official website?

The official website for T. Rowe Price Group is http://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.


MarketBeat Community Rating for T. Rowe Price Group (NASDAQ TROW)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  506 (Vote Outperform)
Underperform Votes:  741 (Vote Underperform)
Total Votes:  1,247
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.
This page was last updated on 8/18/2019 by MarketBeat.com Staff

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