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Morningstar

T. Rowe Price Group Inc TROW Stock Quote

Morningstar Rating
| Rating as of

NASDAQ: TROW

Last close prices updated as of Feb 03, 2023, 4:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 125.82
  • Sector Financial Services
  • Industry Asset Management
  • Investment Style Mid Value
  • Day Range 124.05  –  128.52
  • Year Range 93.53  –  157.77
  • Market Cap 28.2214 Bil
  • Volume / Avg 1.8 Mil /  1.9 Mil
  • Price / Sales 4.40
  • Price / Book 3.19
  • Forward Div Yield 3.81%
  • Trailing Div Yield 3.81%

Morningstar‘s Stock Analysis TROW

Valuation
Currency in —
Is it the right time to buy or sell?
Find out with Morningstar Investor
Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

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Economic Moat

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Capital Allocation

INVESTOR

T. Rowe Price Continues to Hold Its Own in a Difficult Market for Growth Equities; No Change to FVE

Greggory Warren Sector Strategist

Analyst Note

| Greggory Warren |

There was little in wide-moat-rated T. Rowe Price's fourth-quarter results that would alter our long-term view of the firm. We expect to leave our $120 per share fair value estimate in place. The fourth quarter closed out a horrible year for the asset manager, with the firm losing nearly 25% of its assets under management, or AUM, to a combination of market losses ($351.4 billion) and outflows ($61.7 billion) during 2022. While most of the decline in managed assets last year came from market losses—with T. Rowe Price's growth equity-heavy platform being hit hard by the decline in technology and other growth stocks—the firm's organic AUM growth rate of negative 3.7% last year was troubling for a company that has rarely had outflows historically. That said, T. Rowe Price's overall organic AUM growth rate last year was slightly better than the negative 4.3% rate seen for actively managed equity funds during 2022 (based on data provided by Morningstar Direct).

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Key Statistics TROW

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Company Profile TROW

Business Description

T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of September 2022, the firm had $1.230 trillion in managed assets, composed of equity (54%), balanced (30%), fixed-income (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just under 10% of its AUM from overseas.

Contact
100 East Pratt Street
Baltimore, MD, 21202
Sector Financial Services
Industry Asset Management
Employees 7,771

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FAQs for T. Rowe Price Group Inc Stock

Yes. TROW has a forward dividend yield of 3.81%. See TROW’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

TROW’s market cap is 28.22 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

TROW’s stock style is Mid Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

TROW’s price/sales is 4.40.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

TROW’s price/forward earnings is 18.21.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

TROW’s price/book is 3.19.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See TROW’s valuation ratios compared to the Market Index.

TROW’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare TROW’s historical performance against its industry peers and the overall market.