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

$108.19
-2.75 (-2.48 %)
(As of 10/23/2019 07:24 AM ET)
Today's Range
$107.90
Now: $108.19
$111.26
50-Day Range
$108.39
MA: $112.97
$119.65
52-Week Range
$84.59
Now: $108.19
$120.99
Volume1.34 million shs
Average Volume1.06 million shs
Market Capitalization$25.49 billion
P/E Ratio15.13
Dividend Yield2.74%
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$7.97 per share
Book Value$25.45 per share

Profitability

Net Income$1.84 billion

Miscellaneous

Employees7,022
Market Cap$25.49 billion
Next Earnings Date10/24/2019 (Confirmed)
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 Tuesday, August 20th. Investors of record on Friday, September 13th will be given a dividend of $0.76 per share on Friday, September 27th. This represents a $3.04 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Thursday, September 12th. View T. Rowe Price Group's Dividend History.

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

T. Rowe Price Group announced that its board has authorized a share repurchase plan on Thursday, April 26th 2018, which authorizes the company to repurchase 10,000,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

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

T. Rowe Price Group Inc (NASDAQ:TROW) posted its earnings results on Wednesday, July, 24th. The asset manager reported $2.03 EPS for the quarter, beating the Thomson Reuters' 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 firm's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $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?

13 brokerages have issued 1-year price targets for T. Rowe Price Group's shares. Their forecasts range from $93.00 to $135.00. On average, they anticipate T. Rowe Price Group's stock price to reach $110.08 in the next twelve months. This suggests a possible upside of 1.8% 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?

13 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, 7 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 coverage about TROW stock has trended negative on Wednesday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. T. Rowe Price Group earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave media coverage about the asset manager a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for T. Rowe Price Group.

Are investors shorting T. Rowe Price Group?

T. Rowe Price Group saw a decrease in short interest in the month of September. As of September 30th, there was short interest totalling 5,900,000 shares, a decrease of 12.3% from the August 30th total of 6,730,000 shares. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is presently 5.5 days. Currently, 2.6% of the company's stock 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 Johnson & Johnson (JNJ), Exxon Mobil (XOM), AT&T (T), PepsiCo (PEP), Mcdonald's (MCD), Procter & Gamble (PG), AbbVie (ABBV), Walt Disney (DIS), Home Depot (HD) and Walmart (WMT).

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 number of of retail and institutional investors. Top institutional investors include PGGM Investments (0.23%), Boston Trust Walden Corp (0.18%), Fenimore Asset Management Inc. (0.16%), Strs Ohio (0.11%), Confluence Investment Management LLC (0.09%) and Heritage Investors Management Corp (0.09%). Company insiders that own T. Rowe Price Group stock include Christopher D Alderson, Edward A Wiese, Edward C Bernard, Freeman A Hrabowski III, 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 CWM LLC, State of Alaska Department of Revenue, Assenagon Asset Management S.A., Gateway Investment Advisers LLC, Envestnet Asset Management Inc., Pennsylvania Trust Co, Tuttle Tactical Management and Heritage Investors Management Corp. 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 acquired by a variety of institutional investors in the last quarter, including Strs Ohio, PGGM Investments, Artemis Investment Management LLP, Zurcher Kantonalbank Zurich Cantonalbank, Winmill & CO. Inc., Robeco Institutional Asset Management B.V., Tandem Investment Advisors Inc. and Toth Financial Advisory Corp. 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, 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 $108.19.

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

T. Rowe Price Group has a market capitalization of $25.49 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:  519 (Vote Outperform)
Underperform Votes:  757 (Vote Underperform)
Total Votes:  1,276
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 10/23/2019 by MarketBeat.com Staff

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