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.
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 |
---|---|---|---|---|
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 |
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
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
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.
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.
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.
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.
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.
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.