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Last $72.40 USD
Change Today -0.50 / -0.69%
Volume 1.4M
TROW On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

t rowe price group inc (TROW) Snapshot

Open
$72.09
Previous Close
$72.90
Day High
$72.48
Day Low
$71.81
52 Week High
12/30/14 - $86.48
52 Week Low
08/24/15 - $67.76
Market Cap
18.5B
Average Volume 10 Days
2.1M
EPS TTM
$4.61
Shares Outstanding
256.2M
EX-Date
09/11/15
P/E TM
15.7x
Dividend
$2.08
Dividend Yield
5.41%
Current Stock Chart for T ROWE PRICE GROUP INC (TROW)

t rowe price group inc (TROW) Details

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. Through its subsidiaries, it launches and manages equity and fixed income mutual funds. The firm also launches balanced mutual funds and private equity funds. It invests in the public equity and fixed income markets across the globe. The firm also invests in alternative markets, including currency markets. 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. 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; Los Angeles, California; 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; and Singapore.

5,991 Employees
Last Reported Date: 07/23/15
Founded in 1937

t rowe price group inc (TROW) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $350.0K
Chairman, Chief Investment Officer, Vice Pres...
Total Annual Compensation: $350.0K
Chief Financial Officer, Vice President, and ...
Total Annual Compensation: $350.0K
Vice Chairman, Vice President, Member of Mana...
Total Annual Compensation: $350.0K
Head of Global Equity & Global Equity Researc...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2014.

t rowe price group inc (TROW) Key Developments

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on September 29, 2015

T. Rowe Price Group, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.52 per share payable September 29, 2015 to stockholders of record as of the close of business on September 15, 2015.

T. Rowe Price Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditures Guidance for the Full Year of 2015

T. Rowe Price Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of $1,072.4 million against $984.3 million a year ago. Net operating income was $507.8 million compared to $473.1 million a year ago. Income before income taxes was $540.8 million compared to $499.2 million a year ago. Net income allocated to common stockholders was $329.1 million compared to $302.4 million a year ago. Diluted earnings per common share were $1.24 against $1.13 a year ago. For the six months, the company reported net revenues of $2,099.4 million against $1,938.9 million a year ago. Net operating income was $985.6 million compared to $922.2 million a year ago. Income before income taxes was $1,045.4 million compared to $990.4 million a year ago. Net income allocated to common stockholders was $632.9 million compared to $603.4 million a year ago. Diluted earnings per common share were $2.25 against $2.39 a year ago. Cash provided by operating activities, including $66.6 of stock-based compensation expense in 2014 was $886.7 million compared to $725.6 million a year ago. For the full year of 2015, capital expenditures are expected to be approximately $175 million.

T. Rowe Price Group, Inc. Announces Executive Changes

T. Rowe Price Group, Inc. announced that James A.C. Kennedy the firm's president and CEO announced earlier this year that he'll retire at the end of 2015. The firm's head of global equity and global equity research, William J. Stromberg, will take over as president and CEO on the first of the year.

 

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Industry Analysis

TROW

Industry Average

Valuation TROW Industry Range
Price/Earnings 15.4x
Price/Sales 4.5x
Price/Book 3.8x
Price/Cash Flow 13.4x
TEV/Sales 4.2x
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