Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
T Rowe Price Group Inc Market Cap
Based on ratings from 16 stock analysts, the T Rowe Price Group Inc stock price is expected to increase by 4.43% in 12 months. This is calculated by using the average 12-month stock price forecast for T Rowe Price Group Inc. The lowest target is $99 and the highest is $125. Please note analyst price targets are not guaranteed and could be missed completely.
T Rowe Price Group Inc has a total of 16 Wall St Analyst ratings. There are 4 buy ratings, 9 ratings, and 3 sell ratings. Since most analysts have a buy consensus rating, the expectation is that T Rowe Price Group Inc will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of TROW.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
JP Morgan | Underweight | Maintains | Oct 30, 2024 | |
Wells Fargo | Equal-Weight | Initiates | Sep 12, 2024 | |
Evercore ISI Group | In-Line | Maintains | Sep 5, 2024 | |
Barclays | Underweight | Initiates | Aug 27, 2024 | |
Deutsche Bank | Hold | Maintains | Aug 15, 2024 | |
Deutsche Bank | Hold | Maintains | Jul 29, 2024 | |
TD Cowen | Hold | Maintains | Jul 29, 2024 | |
Keefe, Bruyette & Woods | Market Perform | Reiterates | Jul 29, 2024 | |
JP Morgan | Underweight | Maintains | Jul 23, 2024 | |
Keefe, Bruyette & Woods | Market Perform | Maintains | Jul 12, 2024 | |
TD Cowen | Hold | Maintains | Jul 8, 2024 | |
Evercore ISI Group | In-Line | Maintains | Apr 30, 2024 | |
Morgan Stanley | Equal-Weight | Maintains | Apr 17, 2024 | |
JP Morgan | Underweight | Maintains | Apr 16, 2024 | |
UBS | Sell | Maintains | Apr 12, 2024 | |
Keefe, Bruyette & Woods | Market Perform | Upgrade | Apr 11, 2024 | |
TD Cowen | Hold | Upgrade | Apr 8, 2024 | |
Citigroup | Neutral | Maintains | Apr 5, 2024 | |
Evercore ISI Group | In-Line | Maintains | Mar 8, 2024 | |
Wells Fargo | Underweight | Maintains | Feb 9, 2024 |
When did it IPO
1986
Staff Count
7,929
Country
United States
Sector/Industry
Financial Services/Asset Management
CEO
Mr. Robert W. Sharps C.F.A., CPA
Market Cap
$24.07B
In 2023, TROW generated $6.46B in revenue, which was a decrease of -0.43% from the previous year. This can be seen as a signal that TROW's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 17 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - T. Rowe Price Group Inc. has gained 14% since a Buy recommendation, underperforming the S&P 500's 32%. AUM is up due to strong equity markets, and its valuation has become more attractive.
Why It Matters - T. Rowe Price's lower return compared to the S&P 500 highlights potential underperformance, but rising AUM and improved valuation may signal a buying opportunity for investors.
Fri, 13 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - TROW's assets under management (AUM) reached $1.61 trillion at the end of August 2024, marking a 1.6% increase from the prior month.
Why It Matters - TROW's AUM growth indicates strong investor confidence and potential revenue increases, suggesting positive performance and stability, which can boost stock value.
Mon, 09 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Oak Hill Advisors arranged a private unitranche facility for Carlyle's acquisition of Worldpac, a distributor of automotive parts, with BMO Capital Markets managing an asset-based lending facility.
Why It Matters - The acquisition of Worldpac by Carlyle, backed by OHA's financing, indicates strong investor confidence in the automotive aftermarket, potentially boosting related stock values and market activity.
Tue, 10 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - T. Rowe Price (TROW) is being evaluated as a potential strong dividend stock for investors, highlighting the challenges in identifying quality dividend-paying companies.
Why It Matters - T. Rowe Price's potential as a dividend stock affects its attractiveness to income-focused investors, influencing stock demand and price stability.
Mon, 09 Sep 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - T. Rowe Price (TROW) closed at $103.54, up 1.82% from the prior trading day.
Why It Matters - The +1.82% gain in T. Rowe Price's stock signals positive market sentiment, potentially attracting more investors and influencing future trading behavior.
Mon, 09 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - T. Rowe Price, a Dividend Aristocrat with a 4.76% yield, maintains a 28% profit margin, benefiting from the shift to defined contribution plans, enhancing its market reliance.
Why It Matters - T. Rowe Price's strong dividend yield and high profit margins indicate financial stability, making it an attractive option for income-focused investors amid the growing reliance on the stock market.
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