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

$108.13
+0.21 (+0.19%)
(As of 09/18/2024 ET)

About T. Rowe Price Group Stock (NASDAQ:TROW)

Key Stats

Today's Range
$107.88
$109.86
50-Day Range
$101.69
$120.75
52-Week Range
$87.43
$122.27
Volume
867,201 shs
Average Volume
1.06 million shs
Market Capitalization
$24.07 billion
P/E Ratio
12.84
Dividend Yield
4.59%
Price Target
$113.30
Consensus Rating
Reduce

Company Overview

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; New York, New York; Philadelphia, Pennsylvania; 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, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.

T. Rowe Price Group Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 92nd Percentile

T. Rowe Price Group scored higher than 92% of companies evaluated by MarketBeat, and ranked 119th out of 938 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    T. Rowe Price Group has received a consensus rating of Reduce. The company's average rating score is 1.70, and is based on no buy ratings, 7 hold ratings, and 3 sell ratings.

  • Amount of Analyst Coverage

    T. Rowe Price Group has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about T. Rowe Price Group's stock forecast and price target.
  • Earnings Growth

    Earnings for T. Rowe Price Group are expected to grow by 1.00% in the coming year, from $9.00 to $9.09 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of T. Rowe Price Group is 12.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.17.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of T. Rowe Price Group is 12.84, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.02.

  • Price to Earnings Growth Ratio

    T. Rowe Price Group has a PEG Ratio of 1.69. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    T. Rowe Price Group has a P/B Ratio of 2.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about T. Rowe Price Group's valuation and earnings.
  • Percentage of Shares Shorted

    4.55% of the float of T. Rowe Price Group has been sold short.
  • Short Interest Ratio / Days to Cover

    T. Rowe Price Group has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in T. Rowe Price Group has recently increased by 5.76%, indicating that investor sentiment is decreasing significantly.
  • Dividend Leadership

    T. Rowe Price Group is a leading dividend payer. It pays a dividend yield of 4.69%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    T. Rowe Price Group has been increasing its dividend for 38 years.

  • Dividend Coverage

    The dividend payout ratio of T. Rowe Price Group is 58.91%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, T. Rowe Price Group will have a dividend payout ratio of 54.57% next year. This indicates that T. Rowe Price Group will be able to sustain or increase its dividend.

  • Read more about T. Rowe Price Group's dividend.
  • Percentage of Shares Shorted

    4.55% of the float of T. Rowe Price Group has been sold short.
  • Short Interest Ratio / Days to Cover

    T. Rowe Price Group has a short interest ratio ("days to cover") of 9.2.
  • Change versus previous month

    Short interest in T. Rowe Price Group has recently increased by 5.76%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    T. Rowe Price Group has a news sentiment score of 1.10. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.68 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 17 news articles for T. Rowe Price Group this week, compared to 9 articles on an average week.
  • Search Interest

    25 people have searched for TROW on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
  • MarketBeat Follows

    Only 3 people have added T. Rowe Price Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, T. Rowe Price Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,677,767.00 in company stock.

  • Percentage Held by Insiders

    Only 2.00% of the stock of T. Rowe Price Group is held by insiders.

  • Percentage Held by Institutions

    73.39% of the stock of T. Rowe Price Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about T. Rowe Price Group's insider trading history.

TROW Stock News Headlines

China Stockpiling Gold “Like No Tomorrow”
For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… .
See More Headlines

TROW Stock Analysis - Frequently Asked Questions

T. Rowe Price Group's stock was trading at $107.69 at the beginning of 2024. Since then, TROW stock has increased by 0.4% and is now trading at $108.13.
View the best growth stocks for 2024 here
.

T. Rowe Price Group, Inc. (NASDAQ:TROW) announced its quarterly earnings results on Friday, July, 26th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.27 by $0.01. The company's revenue for the quarter was up 7.6% compared to the same quarter last year.
Read the conference call transcript
.

T. Rowe Price Group subsidiaries include Oak Hill Advisors, Oak Hill Advisors (Australia) Pty Ltd, Oak Hill Advisors (Europe) LLP, Oak Hill Advisors (Hong Kong) Limited, Oak Hill Advisors L.P., Oak Hill Advisors Sarl Luxembourg, Oak Hill Advisors (U.K. Services) Limited, and others.

T. Rowe Price Group's top institutional shareholders include Victory Capital Management Inc. (1.54%), American Century Companies Inc. (1.13%), Bank of New York Mellon Corp (0.80%) and ProShare Advisors LLC (0.73%). Insiders that own company stock include Andrew Justin Mackenzi Thomson, Andrew C Mccormick, William J Stromberg, Dorothy C Sawyer, Robert F Maclellan, Robert CT Higginbotham, Freeman A Hrabowski III and Jessica M Hiebler.
View institutional ownership trends
.

Shares of TROW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that T. Rowe Price Group investors own include AT&T (T), Johnson & Johnson (JNJ), AbbVie (ABBV), Intel (INTC), Exxon Mobil (XOM), Cisco Systems (CSCO) and PepsiCo (PEP).

Company Calendar

Ex-Dividend for 6/27 Dividend
6/14/2024
Dividend Payable
6/27/2024
Last Earnings
7/26/2024
Ex-Dividend for 9/27 Dividend
9/13/2024
Today
9/18/2024
Dividend Payable
9/27/2024
Next Earnings (Estimated)
10/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security & commodity brokers, dealers, exchanges & services
Sub-Industry
Asset Management & Custody Banks
Current Symbol
NASDAQ:TROW
CUSIP
74144T10
Employees
7,906
Year Founded
1937

Price Target and Rating

Average Stock Price Target
$113.30
High Stock Price Target
$125.00
Low Stock Price Target
$99.00
Potential Upside/Downside
+4.8%
Consensus Rating
Reduce
Rating Score (0-4)
1.70
Research Coverage
10 Analysts

Profitability

Net Income
$1.79 billion
Pretax Margin
39.01%

Debt

Sales & Book Value

Annual Sales
$6.46 billion
Cash Flow
$10.21 per share
Book Value
$43.46 per share

Miscellaneous

Free Float
218,834,000
Market Cap
$24.07 billion
Optionable
Optionable
Beta
1.41

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This page (NASDAQ:TROW) was last updated on 9/18/2024 by MarketBeat.com Staff
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