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.
IPO Year: 1986
Exchange: NASDAQ
Website: troweprice.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/27/2024 | $99.00 | Underweight | Barclays |
4/11/2024 | $106.00 → $120.00 | Underperform → Mkt Perform | Keefe Bruyette |
4/8/2024 | $92.00 → $114.00 | Sell → Hold | TD Cowen |
1/8/2024 | $95.00 → $105.00 | Equal Weight → Underweight | Wells Fargo |
1/4/2024 | $88.00 | Underperform | TD Cowen |
10/31/2023 | $100.00 → $95.00 | Sell → Neutral | Citigroup |
5/19/2023 | $98.00 | Sell | Citigroup |
12/15/2022 | $125.00 | Equal Weight | Wells Fargo |
10/19/2022 | $70.00 | Underperform | Credit Suisse |
7/11/2022 | $138.00 → $88.00 | Neutral → Sell | UBS |
BALTIMORE, May 7, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has declared a quarterly dividend of $1.24 per share payable June 27, 2024, to stockholders of record as of the close of business on June 14, 2024. Additionally, at its annual meeting today, T. Rowe Price Group, Inc.'s stockholders: elected all 11 nominees to its Board of Directors;approved, by a nonbinding advisory vote, the compensation paid to the firm's named executive officers; andratified the appointment of KPMG LLP as the company's independent registered public accounting firm for 2024.ABOUT T. ROWE PRICEFounded in 1937, T. Rowe Price (NASDAQ – GS: TROW) hel
Kevin Collins and Francisco Negrón tapped to lead execution of each unit's strategic growth initiatives BALTIMORE, Feb. 7, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ – GS: TROW), announced today that company veterans Kevin Collins and Francisco Negrón will take on new positions leading the firm's businesses serving the U.S. intermediary and retirement services channels. The appointments are effective on March 1, 2024. Collins will become head of U.S. Intermediaries (USI), T. Rowe Price's business supporting financial advisors and consultants in the intermediary cha
BALTIMORE, Dec. 8, 2021 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that as planned its Board of Directors has formally approved the appointment of Rob Sharps to succeed Bill Stromberg as chief executive officer (CEO) and chair of the Management Committee, effective January 1, 2022. Sharps, who will retain his role as president, will also be appointed to the Board of Directors, effective on the earlier of January 1, 2022, or the first business day following the closing date of the firm's pending acquisition of Oak Hill Advisors (OHA). As previously announced, Stromberg is retiring as CEO on December 31, 2021, although he will continue to serve on the Board as
New York, New York, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and sole lender of a $250 million term loan facility supporting Emergent BioSolutions Inc. ("Emergent") (NYSE:EBS), a global company providing life-saving and life-extending products that address public health threats. The new debt financing will refinance Emergent's existing credit facility, reaching a significant step in its multi-year plan to stabilize its financial profile. In connection with the execution of the term loan, Emergent issued OHA 2.5 million warrants in addition to common stock with an aggregate value of $10 million. Both the number of shares and the warrant
Pidgeon to serve as Vice President, Defined Contribution, focused on sales, client service, and consultant relations BALTIMORE, Aug. 21, 2024 /PRNewswire/ -- T. Rowe Price (Canada), Inc., announced that it has hired Taylor Pidgeon, CFA, as vice president for Defined Contribution in Canada. In this new role, he is responsible for growing and supporting the firm's retirement savings clients, including consulting firms, field consultants, advisors, and plan sponsors. Pidgeon is based in Toronto and reports to Lauren Bloom, T. Rowe Price's head of Canada. Before joining T. Rowe P
BALTIMORE, Aug. 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.59 trillion as of July 31, 2024. Preliminary net outflows for July 2024 were $2.0 billion. The below table shows the firm's assets under management as of July 31, 2024, and for the prior quarter- and year-end by asset class and in the firm's target date retirement portfolios. As of Preliminary(a) (in billions) 7/31/2024 6/30/2024 12/31/2023 Equity $ 814 $ 810 $ 744 Fixed income, including money market 182 180 170 Multi-asset 541 529 483 Alternatives 50 50 48 Total assets under management $ 1,587
NEW YORK, Aug. 7, 2024 /PRNewswire/ -- T. Rowe Price OHA Select Private Credit Fund (the "Company" or "OCREDIT") today announced financial results and declared total distributions of $0.84 per share for the quarter ended June 30, 2024. "We continue to be pleased with OCREDIT's performance, and the relative value offered by our private credit investments," said Eric Muller, OCREDIT's Chief Executive Officer. "Demand for private credit remains strong from both our sponsor borrowers and wealth channel distribution partners. We anticipate an acceleration of M&A activity through remainder of this year, bolstered by expected rate cuts, providing additional unique investment opportunities." QUART
BALTIMORE, July 30, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has declared a quarterly dividend of $1.24 per share payable September 27, 2024, to stockholders of record as of the close of business on September 13, 2024. ABOUT T. ROWE PRICEFounded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winnin
BALTIMORE, July 26, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported its financial results for the second quarter of 2024. The earnings release can be found on the firm's website at troweprice.com/newsroom. Chief Executive Officer and President Rob Sharps and Chief Financial Officer Jen Dardis will provide an update on business performance, review financial results, and answer questions on a webcast today from 8:00 - 8:45 AM (Eastern Time). Eric Veiel, Head of Global Investments, will join for the Q&A. To access the webcast or to obtain dial-in instructions to ask a question, please visit investors.troweprice.com. Supplemental materials will be available on t
Sustainable Investment Award Recognizes T. Rowe Price and International Finance Corporation's Partnership to Grow the Blue Bond Market BALTIMORE, July 25, 2024 /PRNewswire/ -- The pioneering initiative to improve access to blue finance projects, forged late last year from the partnership between T. Rowe Price, a global investment management firm and leader in retirement, and International Finance Corporation (IFC), a member of the World Bank Group, was announced by Environmental Finance as the 2024 Sustainable Investment Award winner for ESG* Investment Initiative of the year, Americas. The honor recognizes T. Rowe Price and IFC for their joint efforts to increase access to finance for ocea
New York, New York, July 16, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA"), a leading global credit-focused alternative asset manager, and One Investment Management ("OneIM"), a global alternative investment manager, today announce the formation of a partnership to invest in European private credit. The new venture has initially up to $5 billion of investable capital which will help address the needs of European borrowers. Both firms will benefit from the partnership's size and scale, as well as the teams' combined sourcing and origination capabilities. "The European private credit market has been rapidly evolving, with high quality European borrowers increasingly seeking the benef
BALTIMORE, July 11, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.57 trillion as of June 30, 2024. Preliminary net outflows were $2.6 billion for June 2024 and $3.7 billion for the quarter-ended June 2024. Preliminary quarterly net flows include $1.1 billion of Manager-driven distributions. The below table shows the firm's assets under management as of June 30, 2024, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios. As of Preliminary(a) (in billions) 6/30/2024 5/31/2024 3/31/2024 12/31/2023 Equity $ 810 $ 790 $
Intermediate Municipal Income ETF began trading on NASDAQ today BALTIMORE, July 10, 2024 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm, announced today the addition of its first federally tax-free fixed income exchange-traded fund (ETF) to its active ETF roster. T. Rowe Price Intermediate Municipal Income ETF (Ticker: TAXE) began trading today on the NASDAQ exchange. The Intermediate Municipal Income strategy focuses on investment-grade intermediate-term municipal bonds with a weighted average effective maturity of four to 12 years. T. Rowe Price Intermediate Municipal Income ETF is co-managed by James Lynch and Charlie Hill, who collectively have 53 y
Workers often forego billions of dollars in gains that they could have made off their retirement plans. Why? They unknowingly roll their savings into cash holdings instead of new investments after they switch jobs. When a 401(k) balance from an old company’s plan is rolled over into an individual retirement account (IRA), that money is usually held as cash until it is put into new investments held by the IRA. Almost a third of workers who rolled savings into IRAs at Vanguard Group in 2015 still had the balance sitting in cash seven years later, the New York Times reported. Americans with IRAs that hold a lot of cash forfeit more than $172 billion a year in retirement wealth tha
JP Morgan analyst Kenneth Worthington maintains T. Rowe Price Gr (NASDAQ:TROW) with a Underweight and raises the price target from $102 to $107.
Keefe, Bruyette & Woods analyst Aidan Hall maintains T. Rowe Price Gr (NASDAQ:TROW) with a Market Perform and raises the price target from $120 to $121.
T. Rowe Price Gr (NASDAQ:TROW) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 2 1 Last 30D 0 0 1 0 0 1M Ago 0 0 0 1 0 2M Ago 0 0 0 0 0 3M Ago 0 0 3 1 1 Analysts have recently evaluated T. Rowe Price Gr and provided 12-month price targets. The average target is $110.43, accompanied by a high estimate of $125.00 and a low estimate of $86.00. Surpassing the previous
TD Cowen analyst Bill Kirk maintains T. Rowe Price Gr (NASDAQ:TROW) with a Hold and raises the price target from $121 to $123.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Apple Inc. (NASDAQ:AAPL) is a “buy here.” Apple's iPhone sales in China increased by 52% year-on-year in April, Reuters cited from industry reports. When asked about Palantir Technologies Inc. (NYSE:PLTR), he said, “It's very tough to understand what they really do for the government. So, therefore, I am no longer going to say that that's a stock to own.” On May 6, Palantir said first-quarter revenue increased 21% year-over-year to $634 million, which beat the consensus estimate of $625.431 million. Axcelis Technologies, Inc. (NASDAQ:ACLS) is a “very good semiconductor that's been left behind,” Cramer said. “I find that very
Ratings for T. Rowe Price Gr (NASDAQ:TROW) were provided by 10 analysts in the past three months, showcasing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 6 3 1 Last 30D 0 0 1 0 0 1M Ago 0 0 4 1 1 2M Ago 0 0 1 0 0 3M Ago 0 0 0 2 0 In the assessment of 12-month price targets, analysts unveil insights for T. Rowe Price Gr, presenting an average target of $111.3, a high estimate of $125.00, and a low estimate of $94.00. This upward trend is evident,
Evercore ISI Group analyst Glenn Schorr maintains T. Rowe Price Gr (NASDAQ:TROW) with a In-Line and lowers the price target from $110 to $107.
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Barclays initiated coverage of T. Rowe Price with a rating of Underweight and set a new price target of $99.00
Keefe Bruyette upgraded T. Rowe Price from Underperform to Mkt Perform and set a new price target of $120.00 from $106.00 previously
TD Cowen upgraded T. Rowe Price from Sell to Hold and set a new price target of $114.00 from $92.00 previously
Wells Fargo downgraded T. Rowe Price from Equal Weight to Underweight and set a new price target of $105.00 from $95.00 previously
TD Cowen initiated coverage of T. Rowe Price with a rating of Underperform and set a new price target of $88.00
Citigroup upgraded T. Rowe Price from Sell to Neutral and set a new price target of $95.00 from $100.00 previously
Citigroup initiated coverage of T. Rowe Price with a rating of Sell and set a new price target of $98.00
Wells Fargo initiated coverage of T. Rowe Price with a rating of Equal Weight and set a new price target of $125.00
Credit Suisse initiated coverage of T. Rowe Price with a rating of Underperform and set a new price target of $70.00
UBS downgraded T. Rowe Price from Neutral to Sell and set a new price target of $88.00 from $138.00 previously
BALTIMORE, July 30, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has declared a quarterly dividend of $1.24 per share payable September 27, 2024, to stockholders of record as of the close of business on September 13, 2024. ABOUT T. ROWE PRICEFounded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winnin
New mutual fund adds to the T. Rowe Price Capital Appreciation suite and is led by award-winning portfolio manager David Giroux and Farris Shuggi BALTIMORE, Nov. 29, 2023 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm, announced today the launch of the Capital Appreciation and Income Fund. The fund is an addition to the Capital Appreciation suite and seeks to generate strong risk-adjusted total returns through a combination of capital appreciation primarily from stocks, income from stock dividends, and interest income from the fund's fixed income holdings. The Capital Appreciation and Income Fund is one of three vehicles within the Capital Appreciation
BALTIMORE, July 31, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.22 per share payable September 28, 2023, to stockholders of record as of the close of business on September 15, 2023. ABOUT T. ROWE PRICEFounded in 1937, T. Rowe Price (NASDAQ:TROW) helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement ex
BALTIMORE, May 9, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), announced today that its Board of Directors has declared a quarterly dividend of $1.22 per share payable on June 29, 2023, to stockholders of record as of the close business on June 15, 2023. Additionally, at its annual meeting today, T. Rowe Price Group, Inc.'s stockholders: elected all 11 nominees to its Board of Directors;approved, by a nonbinding advisory vote, the compensation paid to the firm's named executive officers;approved the restated 1986 Employee Stock Purchase Plan, which includes the increase by 3 million shares of the share pool available for purchase by employees;recommended, by a nonbinding
BALTIMORE, May 2, 2023 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its results for the first quarter of 2023. Quarter end assets under management of $1.34 trillion Net client outflows of $16.1 billion Diluted earnings per common share (EPS) of $1.83; Adjusted diluted EPS of $1.69Increased the quarterly dividend for the 37th consecutive yearRob Sharps, chief executive officer and president, commented, "Our first quarter 2023 showed some encouraging signs, despite the challenging environment. Markets posted gains, our investment performance showed signs of improvement, and we had strong net inflows of $7.5 billion to our target date products. However, the market
Completed Deal Expands Firms' Retirement Income Capabilities BALTIMORE, April 20, 2023 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today announced it has completed the acquisition of Retiree, Inc., a fintech firm that offers innovative retirement income planning software. "We are thrilled to have completed this acquisition and look forward to welcoming the Retiree, Inc. associates and clients to T. Rowe Price. Combining our strengths in retirement will allow us to bring new solutions to clients to deliver improved retirement outcomes," said Phil Korenman, head of Individual Investors at T. Rowe Price. William Meyer, Founder and CEO of Retir
BALTIMORE, Nov. 1, 2022 /PRNewswire/ -- NEWST. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.20 per share payable on December 29, 2022 to stockholders of record as of the close of business on December 16, 2022. ABOUT T. ROWE PRICEFounded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com), is a global investment management organization with $1.23 trillion in assets under management as of September 30, 2022. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial inter
BALTIMORE, Aug. 1, 2022 /PRNewswire/ -- NewsT. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.20 per share payable on September 29, 2022 to stockholders of record as of the close of business on September 15, 2022. ABOUT T. ROWE PRICEFounded in 1937, Baltimore-based T. Rowe Price Group, Inc. (troweprice.com), is a global investment management organization with $1.31 trillion in assets under management as of June 30, 2022. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermed
BALTIMORE, May 10, 2022 /PRNewswire/ -- NEWS T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $1.20 per share payable June 29, 2022, to stockholders of record as of the close of business on June 15, 2022. Additionally, at its annual meeting today, T. Rowe Price Group stockholders elected all 13 nominees to the Board of Directors; approved, by a non-binding advisory vote, the 2021 compensation paid to the company's named executive officers; and ratified the reappointment of KPMG LLP as the company's independent registered public accounting firm for 2022. ABOUT T. ROWE PRICE Founded in 1937, Baltimore-based T. Rowe Pri
BALTIMORE, Dec. 6, 2021 /PRNewswire/ -- T. Rowe Price, a global investment management organization and a leader in retirement, has published expert tips for year-end financial planning for retirement savers. The approaching new year is an opportunity for all investors to review financial plans and refocus financial goals. Some key considerations include: At the end of the year, mutual funds must distribute any dividends and net capital gains earned on their holdings over the prior 12 months. Tax-loss harvesting is one strategy that investors can consider, which involves selling certain positions in a portfolio at a loss, usually in order to offset either short-term or long-term capital ga