TROW

T. Rowe Price Group, Inc. [TROW] Stock Forecast

Q: What is T. Rowe Price Group, Inc. stock symbol ?

T. Rowe Price Group, Inc. is a US stock, located in Baltimore of Md and trading under the symbol TROW

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TROW Stock Summary

Earnings are expected to rise 1.03% next year

TROW's dividend payments are well covered by cash flows with cash payout ratio of 67.16%.

TROW has less than 1 year of cash runway

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In the News

07:02 30 Nov 2023 TROW

10-year yield is below 4.

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

01:00 30 Nov 2023 TROW

These 3 Dividend Aristocrats Have Reached A Buy-Zone

Of the three, Realty Income is probably the best opportunity at the moment. Clorox Company is a solid dividend aristocrat with a history of increasing free cash flow and dividends, though management's use of cash during the pandemic is questionable. T. Rowe Price Group is a resilient company in the asset management industry, with a history of increasing dividends and potential for undervaluation.

07:48 30 Nov 2023 TROW

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, bonds and the global economy.

05:03 30 Nov 2023 TROW

2 Bargain Basement Stocks to Buy Now and Hold Forever

When you're looking for cheap income stocks, it's important to make sure the business can support the dividend. Realty Income is a boring REIT with a dominant industry position and a 6.1% yield.

10:32 30 Nov 2023 TROW

T. Rowe Price's (TROW) October AUM Declines on Weak Markets

T. Rowe Price's (TROW) October AUM decreases 2.5% to $1.31 trillion due to unfavorable market conditions.

11:27 30 Nov 2023 TROW

4 Dividend Aristocrats Signal Buys In November As 6 Await

"Dividend Aristocrats in the S&P 500 Index… have raised their annual payouts every year for at least 25 consecutive years. "-- Kiplinger.com/Investing. 66 Aristocrats, screened as of November 6, 2023, represented all eleven Morningstar Sectors. Broker estimated-top-ten net-gains ranged 22.29%-34.44% topped-by O & WBA.

09:58 30 Nov 2023 TROW

The 7 Highest Yielding Dividend Aristocrats You Can Buy and Hold Forever

2022 was a dreadful year for investors with the S&P 500 down almost 20% and the Nasdaq lower by a stunning 33%, and what a difference a year can make.

08:33 30 Nov 2023 TROW

These Are the 7 Highest Yielding Dividend Aristocrats: Should You Buy Now?

Investors are getting another education on volatility. It's been a white-knuckle roller coaster ride since the pandemic hit.

09:01 30 Nov 2023 TROW

3 Investment Management Stocks to Look at Despite Industry Woes

Despite volatile asset flows and subdued market volatility, higher rates will aid Zacks Investment Management stocks like BlackRock (BLK), T. Rowe (TROW) and Invesco (IVZ).

12:02 30 Nov 2023 TROW

Strong Investment Advisory Fees Aid T. Rowe's (TROW) Q3 Earnings

Higher investment advisory fees (representing around 90% of net revenues) drive T. Rowe's (TROW) Q3 earnings.

TROW Financial details

Company Rating

Buy

Market Cap

21.96B

Income

1.62B

Revenue

6.34B

Book val./share

41.81

Cash/share

11.47

Dividend

4.86

Dividend %

4.94%

Employees

7.84K

Optionable

Yes

Shortable

Yes

Earnings

24 Jan 2024

P/E

13.68

Forward P/E

14.3

PEG

-3.11

P/S

3.47

P/B

2.35

P/C

8.64

P/FCF

23.03

Quick Ratio

7.61

Current Ratio

7.61

Debt / Equity

0.07

LT Debt / Equity

0.03

EPS (TTM)

7.42

EPS next Y

6.93

EPS next Q

1.64

EPS this Y

-49.21%

EPS next Y

-6.56%

EPS next 5Y

4.45%

EPS last 5Y

-2.38%

Revenue last 5Y

3.85%

Revenue Q/Q

3.76%

EPS Q/Q

7.25%

SMA20

6.52%

SMA50

-10.09%

SMA100

-13.27%

Inst Own

50.37%

Inst Trans

0.67%

ROA

13%

ROE

18%

ROC

0.12%

Gross Margin

51%

Oper. Margin

22%

Profit Margin

25%

Payout

69%

Shs Outstand

223.47M

Shs Float

218.66M

Target Price

149

52W Range

87.43-132.76

52W High

-24.93%

52W Low

+13.9%

RSI

Rel Volume

0.51

Avg Volume

1.4M

Volume

715.38K

Perf Week

0.27%

Perf Month

1.07%

Perf Quarter

-13.43%

Perf Half Y

-8.86%

Beta

1.336

Volatility

0.69%, 2.85%

Prev Close

0.72%

Price

99.095

Change

1.94%

TROW Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	22.18	23.87	27.13	33.86	28.71
Net income per share	7.59	9.05	10.37	13.61	6.89
Operating cash flow per share	6.69	6.47	8.39	15.23	10.44
Free cash flow per share	5.99	5.6	7.45	14.18	9.39
Cash per share	5.88	7.57	9.4	6.72	19
Book value per share	25.29	30.17	33.68	39.82	39.11
Tangible book value per share	-2.75	32.1	37.6	25.33	28.38
Share holders equity per share	25.29	30.17	33.68	39.82	39.11
Interest debt per share	0	0.62	0.67	1.1	4.32
Market cap	22.36B	28.68B	34.64B	44.56B	24.65B
Enterprise value	20.93B	27.05B	32.64B	43.28B	23.22B
P/E ratio	12.17	13.46	14.6	14.45	15.82
Price to sales ratio	4.16	5.11	5.58	5.81	3.8
POCF ratio	13.8	18.84	18.05	12.91	10.45
PFCF ratio	15.41	21.76	20.32	13.87	11.62
P/B Ratio	3.65	4.04	4.49	4.94	2.79
PTB ratio	3.65	4.04	4.49	4.94	2.79
EV to sales	3.9	4.81	5.26	5.64	3.58
Enterprise value over EBITDA	9.08	14.59	14.52	12.66	7.67
EV to operating cash flow	12.92	17.76	17.01	12.54	9.84
EV to free cash flow	14.42	20.52	19.15	13.47	10.94
Earnings yield	0.08	0.07	0.07	0.07	0.06
Free cash flow yield	0.06	0.05	0.05	0.07	0.09
Debt to equity	0	0.02	0.02	0.03	0.07
Debt to assets	0	0.02	0.01	0.02	0.06
Net debt to EBITDA	-0.62	-0.88	-0.89	-0.37	-0.47
Current ratio	6.99	9.86	11.06	5.07	5.53
Interest coverage	0	0	0	0	7.48
Income quality	0.92	0.68	0.76	1.11	1.63
Dividend Yield	0.03	0.03	0.02	0.04	0.04
Payout ratio	0.38	0.34	0.36	0.55	0.71
Sales general and administrative to revenue	0.13	0.13	0.12	0.11	0.15
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.09	0.07	0.06	0.29	0.28
Capex to operating cash flow	-0.1	-0.13	-0.11	-0.07	-0.1
Capex to revenue	-0.03	-0.04	-0.03	-0.03	-0.04
Capex to depreciation	-1.06	-1.07	-1.13	-1.17	-0.37
Stock based compensation to revenue	0.04	0.04	0.04	0.04	0.04
Graham number	65.7	78.4	88.65	110.4	77.89
ROIC	0.29	0.17	0.2	0.3	0.18
Return on tangible assets	0.26	0.25	0.24	0.35	0.19
Graham Net	-24.16	4.93	6.16	0.27	12.83
Working capital	1.69B	2.18B	2.74B	2.07B	2.05B
Tangible asset value	-665.7M	7.56B	8.6B	6.65B	6.41B
Net current asset value	-5.71B	1.32B	1.62B	326.1M	547.9M
Invested capital	0	0.02	0.02	0.03	0.07
Average receivables	553.15M	598.1M	754.85M	960.7M	903.5M
Average payables	222M	221.5M	201.1M	309.35M	418.85M
Average inventory	0	0	0	0	0
Days sales outstanding	37.34	42.01	50.76	50.35	42.12
Days payables outstanding	37.12	32.83	26.19	52.56	50.8
Days of inventory on hand	0	0	0	0	0
Receivables turnover	9.78	8.69	7.19	7.25	8.67
Payables turnover	9.83	11.12	13.94	6.94	7.19
Inventory turnover	0	0	0	0	0
ROE	0.3	0.3	0.31	0.34	0.18
Capex per share	-0.7	-0.87	-0.94	-1.06	-1.05

Quarterly Fundamentals Overview

Last date of statement is 2023-09-30 for Q3

Metric	2022-09-30	2022-12-31	2023-03-31	2023-06-30	2023-09-30
	2.02K	2.02K	2.02K	2.02K	2.02K
Revenue per share	7.05	6.81	6.85	7.18	7.43
Net income per share	1.71	1.19	1.88	2.12	2.02
Operating cash flow per share	3.41	-0.6	2.28	1.76	2.09
Free cash flow per share	3.17	-0.87	2.01	1.44	1.67
Cash per share	10.5	19.2	9.33	10.03	11.47
Book value per share	39.54	39.51	40.31	41.3	41.81
Tangible book value per share	27.57	28.67	30.42	32.24	31.12
Share holders equity per share	39.54	39.51	40.31	41.3	41.81
Interest debt per share	1.67	2.91	2.37	2.88	7.34
Market cap	23.66B	24.4B	25.33B	25.13B	23.57B
Enterprise value	21.61B	22.97B	23.56B	23.2B	21.31B
P/E ratio	15.39	22.93	15.03	13.19	13
Price to sales ratio	14.9	16.01	16.48	15.6	14.11
POCF ratio	30.82	-180.45	49.51	63.64	50.16
PFCF ratio	33.17	-124.73	56.17	77.76	62.63
P/B Ratio	2.66	2.76	2.8	2.71	2.51
PTB ratio	2.66	2.76	2.8	2.71	2.51
EV to sales	13.61	15.07	15.33	14.41	12.75
Enterprise value over EBITDA	30.24	51.56	61.22	43.48	36.65
EV to operating cash flow	28.16	-169.9	46.05	58.76	45.33
EV to free cash flow	30.3	-117.44	52.25	71.8	56.6
Earnings yield	0.02	0.01	0.02	0.02	0.02
Free cash flow yield	0.03	-0.01	0.02	0.01	0.02
Debt to equity	0.04	0.07	0.07	0.07	0.07
Debt to assets	0.03	0.06	0.05	0.05	0.05
Net debt to EBITDA	-2.86	-3.2	-4.6	-3.61	-3.9
Current ratio	7.38	5.53	5.97	7.11	7.61
Interest coverage	10.22	4.13	-2.83	0	0.56
Income quality	2.15	-0.47	1.16	0.82	1.07
Dividend Yield	0.01	0.01	0.01	0.01	0.01
Payout ratio	0.72	1.03	0.67	0.59	0.62
Sales general and administrative to revenue	0.16	0.16	0.17	0.15	0.14
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0.29	0.28	0.27	0.26	0.25
Capex to operating cash flow	-0.07	0.45	-0.12	-0.18	-0.2
Capex to revenue	-0.03	-0.04	-0.04	-0.04	-0.06
Capex to depreciation	-0.96	-0.13	-1.03	-1.21	-1.47
Stock based compensation to revenue	0.04	0.07	0.04	0.04	0.03
Graham number	38.96	32.51	41.27	44.43	43.55
ROIC	0.04	0	0.02	0.04	0.04
Return on tangible assets	0.05	0.03	0.05	0.05	0.05
Graham Net	2.77	12.96	2.49	2.9	3.41
Working capital	2.69B	2.05B	2.35B	2.59B	2.89B
Tangible asset value	6.21B	6.41B	6.83B	7.23B	7B
Net current asset value	809.8M	547.9M	741.8M	840.8M	955.5M
Invested capital	0.04	0.07	0.07	0.07	0.07
Average receivables	757.3M	745.05M	739.55M	745.9M	756.7M
Average payables	371.9M	394.75M	383.3M	370.6M	388.25M
Average inventory	0	0	0	0	0
Days sales outstanding	42.01	44.21	42.75	42.56	40.51
Days payables outstanding	46.96	44.34	43.96	46.59	45.34
Days of inventory on hand	0	0	0	0	0
Receivables turnover	2.14	2.04	2.11	2.11	2.22
Payables turnover	1.92	2.03	2.05	1.93	1.98
Inventory turnover	0	0	0	0	0
ROE	0.04	0.03	0.05	0.05	0.05
Capex per share	-0.24	-0.27	-0.27	-0.32	-0.42

TROW Dividend History

TROW Frequently Asked Questions

What is T. Rowe Price Group, Inc. stock symbol ?

T. Rowe Price Group, Inc. is a US stock , located in Baltimore of Md and trading under the symbol TROW

Is T. Rowe Price Group, Inc. buy or a sell ?

10 stock analysts have 10 predictions with a medium analyst target price of $153.7. The lowest prediction is $90 and the highest is $215

What is TROW stock prediction ?

What is T. Rowe Price Group, Inc. stock quote today ?

T. Rowe Price Group, Inc. stock price is $99.095 today.

Is T. Rowe Price Group, Inc. stock public?

Yes, T. Rowe Price Group, Inc. is a publicly traded company.

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Company Profile

Volume Average 1.4M
Market Capitalization 21.96B
Employee 7.84K
CEO Mr. Robert W. Sharps C.F.A., CPA
Headquarters Baltimore,MD,US
IPO Date 1986-04-02
Website https://www.troweprice.com

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, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.