T Rowe Price Group Inc

T Rowe Price Group Inc Stock Forecast & Price Prediction

Live T Rowe Price Group Inc Stock (TROW) Price
$117.62

16

Ratings

  • Buy 4
  • Hold 9
  • Sell 3
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$117.62

P/E Ratio

12.88

Volume Traded Today

$1.4M

Dividend

$1.24

52 Week High/low

122.27/91.40

T Rowe Price Group Inc Market Cap

$26.13B

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TROW Summary

Based on ratings from 16 stock analysts, the T Rowe Price Group Inc stock price is expected to decrease by 4.32% 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 $103 and the highest is $129. Please note analyst price targets are not guaranteed and could be missed completely.

TROW Analyst Ratings

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.

TROW stock forecast by analyst

These are the latest 20 analyst ratings of TROW.

Analyst/Firm

Rating

Price Target

Change

Date

Glenn Schorr
Evercore ISI Group

In-Line

$113

Maintains

Nov 7, 2024
Kenneth Worthington
JP Morgan

Underweight

$115

Maintains

Nov 4, 2024
Michael Cyprys
Morgan Stanley

Equal-Weight

$129

Maintains

Nov 4, 2024
Bill Kirk
TD Cowen

Hold

$116

Maintains

Nov 4, 2024
Brian Bedell
Deutsche Bank

Hold

$115

Maintains

Nov 4, 2024
Benjamin Budish
Barclays

Underweight

$110

Maintains

Nov 4, 2024

JP Morgan

Underweight


Maintains

Oct 30, 2024

Morgan Stanley

Equal-Weight


Maintains

Oct 18, 2024

Barclays

Underweight


Maintains

Oct 14, 2024

Wells Fargo

Equal-Weight


Maintains

Oct 9, 2024

Evercore ISI Group

In-Line


Maintains

Oct 4, 2024

Goldman Sachs

Sell


Maintains

Oct 3, 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

TROW Company Information

What They Do: Investment management services for diverse clients.

Business Model: The company generates revenue by managing equity and fixed income mutual funds for individuals, institutional investors, and retirement plans. It employs a combination of fundamental and quantitative analysis for investment decisions, focusing on socially responsible investing and late-stage venture capital.

Other Information: Founded in 1937 and headquartered in Baltimore, Maryland, T. Rowe Price Group has a global presence with offices in multiple countries. The firm's investment strategy includes a bottom-up approach and utilizes both in-house and external research.
TROW
T Rowe Price Group Inc (TROW)

When did it IPO

1989

Staff Count

7,929

Country

United States

Sector/Industry

Financial Services/Asset Management

CEO

Mr. Robert W. Sharps C.F.A., CPA

Market Cap

$26.13B

T Rowe Price Group Inc (TROW) Financial Data

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

$6.21B

Revenue From 2021

$7.67B

23.61 %
From Previous Year

Revenue From 2022

$6.49B

-15.43 %
From Previous Year

Revenue From 2023

$6.46B

-0.43 %
From Previous Year
  • Revenue TTM $6.91B
  • Operating Margin TTM 33.6%
  • Gross profit TTM $3.21B
  • Return on assets TTM 10.1%
  • Return on equity TTM 20.5%
  • Profit Margin 30.4%
  • Book Value Per Share 46.14%
  • Market capitalisation $26.13B
  • Revenue for 2021 $7.67B
  • Revenue for 2022 $6.49B
  • Revenue for 2023 $6.46B
  • EPS this year (TTM) $9.13

T Rowe Price Group Inc (TROW) Latest News

News Image

Sat, 09 Nov 2024

Sentiment - POSITIVE

Source - The Motley Fool

Summary - Three stocks are highlighted for their above-average yields and robust business fundamentals, making them potentially attractive for yield-seeking investors.

Why It Matters - High-yield stocks signal potential income opportunities and indicate strong business fundamentals, attracting income-focused investors and potentially boosting stock prices.

News Image

Tue, 05 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - T. Rowe Price (TROW) has reached a significant support level and recently surpassed its 200-day moving average, indicating a potential long-term bullish trend for investors.

Why It Matters - T. Rowe Price's breach of the 200-day moving average signals potential long-term gains, making it an attractive option for technical investors.

News Image

Mon, 04 Nov 2024

Sentiment - NEGATIVE

Source - Seeking Alpha

Summary - T. Rowe Price has seen a -4.20% return over 5 years, facing negative net flows since 2021. Its current dividend growth rate is deemed unsustainable, affecting long-term investor appeal.

Why It Matters - T. Rowe Price's poor performance and unsustainable dividend growth raise red flags for long-term investors, while negative net flows signal declining confidence among retail investors.

News Image

Fri, 01 Nov 2024

Sentiment - NEUTRAL

Source - Seeking Alpha

Summary - T. Rowe Price Group, Inc. will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 8:00 AM ET, featuring key executives and analysts from major financial firms.

Why It Matters - T. Rowe Price's Q3 earnings call provides insights into its financial performance and strategic direction, influencing stock valuation and investor sentiment.

News Image

Fri, 01 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - T. Rowe Price (TROW) reported Q3 earnings of $2.57 per share, surpassing the Zacks consensus estimate of $2.36 and up from $2.17 per share year-over-year.

Why It Matters - T. Rowe Price's earnings beat estimates and show year-over-year growth, indicating strong financial performance and potentially boosting investor confidence and stock value.

News Image

Fri, 01 Nov 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - TROW reported increased assets under management (AUM) and revenue for Q3 2024, but faces concerns over rising expenses.

Why It Matters - TROW's increased AUM and revenue indicate growth potential, but rising expenses could impact profitability, affecting investor sentiment and future performance.

...

TROW Frequently asked questions

The highest forecasted price for TROW is $129 from Michael Cyprys at Morgan Stanley.

The lowest forecasted price for TROW is $103 from Brian Bedell from Deutsche Bank

The TROW analyst ratings consensus are 4 buy ratings, 9 hold ratings, and 3 sell ratings.