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T. Rowe Price Group, Inc. (TROW)

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112.06 +2.20 (+2.00%)
At close: November 1 at 4:00 PM EDT
111.80 -0.26 (-0.23%)
After hours: November 1 at 6:50 PM EDT
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DELL
  • Previous Close 109.86
  • Open 109.12
  • Bid 111.99 x 500
  • Ask 112.11 x 200
  • Day's Range 108.61 - 113.20
  • 52 Week Range 90.02 - 122.27
  • Volume 1,727,619
  • Avg. Volume 1,124,548
  • Market Cap (intraday) 24.895B
  • Beta (5Y Monthly) 1.43
  • PE Ratio (TTM) 12.27
  • EPS (TTM) 9.13
  • Earnings Date Nov 1, 2024
  • Forward Dividend & Yield 4.96 (4.52%)
  • Ex-Dividend Date Sep 13, 2024
  • 1y Target Est 111.69

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.

www.troweprice.com

7,929

Full Time Employees

December 31

Fiscal Year Ends

Recent News: TROW

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Performance Overview: TROW

Trailing total returns as of 11/1/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

TROW
7.57%
S&P 500
20.10%

1-Year Return

TROW
29.53%
S&P 500
36.60%

3-Year Return

TROW
41.45%
S&P 500
24.39%

5-Year Return

TROW
17.48%
S&P 500
88.60%

Compare To: TROW

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Statistics: TROW

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Valuation Measures

Annual
As of 11/1/2024
  • Market Cap

    24.90B

  • Enterprise Value

    22.01B

  • Trailing P/E

    12.27

  • Forward P/E

    12.11

  • PEG Ratio (5yr expected)

    2.12

  • Price/Sales (ttm)

    3.63

  • Price/Book (mrq)

    2.43

  • Enterprise Value/Revenue

    3.18

  • Enterprise Value/EBITDA

    7.91

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    28.66%

  • Return on Assets (ttm)

    10.26%

  • Return on Equity (ttm)

    18.72%

  • Revenue (ttm)

    6.8B

  • Net Income Avi to Common (ttm)

    1.9B

  • Diluted EPS (ttm)

    9.13

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    2.71B

  • Total Debt/Equity (mrq)

    3.48%

  • Levered Free Cash Flow (ttm)

    1.79B

Research Analysis: TROW

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 1.73B
Earnings 483.4M
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

101.00 Low
111.69 Average
112.06 Current
127.00 High
 

Company Insights: TROW

Research Reports: TROW

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  • T. Rowe Price Earnings: Outflows Reverse Course Even as Market Gains Lift Near-Term Results

    T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of August 2024, the firm had $1.612 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving less than 10% of its AUM from overseas.

    Rating
    Price Target
     
  • T. Rowe Price: Lowered Moat Rating to Narrow Despite Firm Having Wide-Moat Characteristics

    T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of August 2024, the firm had $1.612 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving less than 10% of its AUM from overseas.

    Rating
    Price Target
     
  • US-Based Asset Managers: Market Values for Asset Managers Already Pricing In an Easing Rate Cycle

    T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of July 2024, the firm had $1.587 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving just under 9% of its AUM from overseas.

    Rating
    Price Target
     
  • Rising Equity Markets Have Improved T. Rowe Price's Fortunes, but Secular Headwinds Persist

    T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load US and international stock, hybrid, bond, and money market funds. At the end of July 2024, the firm had $1.587 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a US-based asset manager, deriving just under 9% of its AUM from overseas.

    Rating
    Price Target
     

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