T. Rowe Price Group, Inc. (TROW)
Market Cap | 22.32B |
Revenue (ttm) | 6.34B |
Net Income (ttm) | 1.62B |
Shares Out | 223.47M |
EPS (ttm) | 7.02 |
PE Ratio | 14.17 |
Forward PE | 14.94 |
Dividend | $4.88 (4.88%) |
Ex-Dividend Date | Dec 14, 2023 |
Volume | 2,000,957 |
Open | 99.71 |
Previous Close | 99.87 |
Day's Range | 99.25 - 100.52 |
52-Week Range | 87.43 - 132.76 |
Beta | 1.33 |
Analysts | Sell |
Price Target | 96.46 (-3.48%) |
Earnings Date | Jan 25, 2024 |
About TROW
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... [Read more]
Financial Performance
In 2022, TROW's revenue was $6.49 billion, a decrease of -15.43% compared to the previous year's $7.67 billion. Earnings were $1.56 billion, a decrease of -49.47%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for TROW stock is "Sell." The 12-month stock price forecast is $96.46, which is a decrease of -3.48% from the latest price.
News

T. ROWE PRICE LAUNCHES CAPITAL APPRECIATION AND INCOME FUND
New mutual fund adds to the T. Rowe Price Capital Appreciation suite and is led by award-winning portfolio manager David Giroux and Farris Shuggi BALTIMORE , Nov. 29, 2023 /PRNewswire/ -- T.

T. ROWE PRICE LAUNCHES THIRD SEASON OF THE AWARD-WINNING PODCAST, 'CONFIDENT CONVERSATIONS® ON RETIREMENT'
Third season will continue to focus on providing listeners with tangible strategies to help reach their best retirement outcomes BALTIMORE , Nov. 28, 2023 /PRNewswire/ -- T. Rowe Price, a global inves...

T. ROWE PRICE GROUP NAMES ERIC VEIEL HEAD OF GLOBAL INVESTMENTS EFFECTIVE JANUARY 1, 2024
BALTIMORE , Nov. 27, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that Eric Veiel, a chief investment officer and head of Global Equity, has been named head of Glo...

10-year yield is below 4.
A 4.1% decline in existing home sales for October. A weakened Chicago Fed National Activity index reading.

IFC, T. Rowe Price to Create First Blue Bond Strategy to Support the Sustainable Blue Economy across Emerging Markets
WASHINGTON , Nov. 20, 2023 /PRNewswire/ -- IFC, a member of the World Bank Group, and T. Rowe Price today announced plans to create a pioneering global blue bond strategy to increase access to finance...

Why is this mutual fund giant cautious about markets in 2024? T. Rowe Price shares its outlook.
Every year around this time, the giant Baltimore-based investment shop T. Rowe Price Group TROW sends investment managers and strategists to New York City to offer a year-ahead outlook on stocks, bond...

T. ROWE PRICE EXPERTS SHARE 2024 U.S. RETIREMENT MARKET OUTLOOK
Experts discuss the growing demand for innovative retirement income solutions, how personalized experiences can help improve retirement outcomes, the role of public policy, and a sharpened focus on di...

T. ROWE PRICE EXPERTS SHARE 2024 OUTLOOK FOR GLOBAL FINANCIAL MARKETS
New regime of "higher for longer" inflation, elevated interest rates, and slower economic growth are setting the context for stock and bond markets BALTIMORE , Nov. 14, 2023 /PRNewswire/ -- T. Rowe Pr...

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR OCTOBER 2023
BALTIMORE , Nov. 10, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.31 trillion as of October 31, 2023.

T. ROWE PRICE GROUP ADDS BILL DONNELLY AS INDEPENDENT DIRECTOR
BALTIMORE , Nov. 1, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has elected Bill Donnelly as an independent director of the company.

T. ROWE PRICE GROUP DECLARES QUARTERLY DIVIDEND
BALTIMORE , Oct. 31, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.22 per share payable December ...

T. Rowe beats profit estimates on higher fee-based income
T. Rowe Price Group reported a better-than-expected quarterly profit on Friday, as concerns about the economy somewhat eased from last year, boosting assets under management at the firm.

T. ROWE PRICE GROUP REPORTS THIRD QUARTER 2023 RESULTS
BALTIMORE , Oct. 27, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported its financial results for the third quarter of 2023.

Why T. Rowe Price's CIO thinks 10-year Treasury yields may keep rising — and how he's positioned in markets
Ten-year Treasury yields may keep climbing over the next two to three months, after startling markets with their recent surge, according to Sebastien Page, chief investment officer and head of global ...

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR SEPTEMBER 2023
BALTIMORE , Oct. 11, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.35 trillion as of September 30, 2023.

Bank stocks outpace broad market into the red as higher bond yields impact the value of their portfolios
A spike in bond yields on Tuesday threatened to pose yet another headache for down-beaten bank stocks, which moved into the red more deeply than the broader market.

T. Rowe Price and Oak Hill Advisors Launch "OCREDIT" Private Credit Fund
BALTIMORE, Oct. 2, 2023 /PRNewswire/ -- T. Rowe Price and Oak Hill Advisors (OHA) are pleased to announce the launch of their joint investment offering, the T. Rowe Price OHA Select Private Credit Fun...

T. ROWE PRICE PUBLISHES NEW STUDY SHOWING THAT 401(k) LOANS ARE ON THE RISE AND EMERGENCY SAVINGS ARE LOW AMID INFLATION IN FIRST HALF 2023
New report also shows low exchange activity, especially among target date investors BALTIMORE , Sept. 26, 2023 /PRNewswire/ -- T.

T. ROWE PRICE: NEW REPORT ON WHY RECENT RETIREES WANT TO RETURN TO WORK
Millions of retirees returning to part- and full-time work in search of financial and emotional benefits BALTIMORE , Sept. 19, 2023 /PRNewswire/ -- T.

T. ROWE PRICE NAMES RAMON RICHARDS CHIEF TECHNOLOGY OFFICER
BALTIMORE , Sept. 18, 2023 /PRNewswire/ -- T.

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2023
BALTIMORE , Sept. 13, 2023 /PRNewswire/ -- T.

T. ROWE PRICE: HOME EXPENSES FIVE TIMES MORE LIKELY THAN HEALTH-CARE EXPENSES TO DRIVE SPENDING VOLATILITY IN RETIREMENT
BALTIMORE , Sept. 12, 2023 /PRNewswire/ -- T.

T. ROWE PRICE RELEASES LATEST DEFINED CONTRIBUTION CONSULTANT RESEARCH STUDY
BALTIMORE, Sept. 6, 2023 /PRNewswire/ -- T. Rowe Price today released findings from its latest Defined Contribution Consultant Research Study. T. Rowe Price surveyed 32 defined contribution (DC) consu...