T. Rowe Price Group, Inc. (TROW)

NASDAQ: TROW · IEX Real-Time Price · USD
99.94
+0.07 (0.07%)
At close: Dec 7, 2023, 4:00 PM
99.90
-0.04 (-0.04%)
After-hours: Dec 7, 2023, 5:45 PM EST
0.07%
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]

Sector Financials
Founded 1937
Employees 7,868
Stock Exchange NASDAQ
Ticker Symbol TROW
Full Company Profile

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 Statements

Analyst 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.

Price Target
$96.46
(-3.48% downside)
Analyst Consensus: Sell
Stock Forecasts

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.

8 days ago - PRNewsWire

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...

9 days ago - PRNewsWire

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 days ago - PRNewsWire

10-year yield is below 4.

A 4.1% decline in existing home sales for October. A weakened Chicago Fed National Activity index reading.

Other symbols: AANDUK
10 days ago - MarketBeat

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...

17 days ago - PRNewsWire

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...

Other symbols: CRBGSTLD
17 days ago - Market Watch

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...

22 days ago - PRNewsWire

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...

23 days ago - PRNewsWire

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.

27 days ago - PRNewsWire

67 Best Dividend Stocks for Dependable Dividend Growth

The highest yield isn't everything when it comes to finding the best dividend stocks. Income investors know there's no substitute for regular dividend increases over the long haul.

5 weeks ago - Kiplinger

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.

5 weeks ago - PRNewsWire

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 ...

5 weeks ago - PRNewsWire

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.

5 weeks ago - Reuters

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.

5 weeks ago - PRNewsWire

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 ...

6 weeks ago - Market Watch

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.

2 months ago - PRNewsWire

13 Unloved Stocks—and Why Wall Street Isn't Head Over Heels

Barron's looked for Russell 1000 companies that didn't have a single Buy recommendation.

Other symbols: AMCBENBHFCBSHDXCFHBHRL
2 months ago - Barrons

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.

Other symbols: KRESCHWSYFXLF
2 months ago - Market Watch

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...

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

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.

2 months ago - PRNewsWire

T. ROWE PRICE NAMES RAMON RICHARDS CHIEF TECHNOLOGY OFFICER

BALTIMORE , Sept. 18, 2023 /PRNewswire/ -- T.

2 months ago - PRNewsWire

T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR AUGUST 2023

BALTIMORE , Sept. 13, 2023 /PRNewswire/ -- T.

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire