Last $82.60 USD
Change Today -0.72 / -0.86%
Volume 1.4M
TROW On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

t rowe price group inc (TROW) Snapshot

Open
$83.11
Previous Close
$83.32
Day High
$83.26
Day Low
$82.43
52 Week High
12/30/14 - $88.64
52 Week Low
10/15/14 - $71.78
Market Cap
21.5B
Average Volume 10 Days
1.3M
EPS TTM
$4.52
Shares Outstanding
260.7M
EX-Date
03/12/15
P/E TM
18.3x
Dividend
$2.08
Dividend Yield
2.13%
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. It invests in the public equity and fixed income markets across the globe. It also invests in alternative markets, including currency markets. The firm employs fundamental and quantitative analysis with a bottom-up approach. It utilizes in-house and external research to make its investments. The firm employs socially responsible investing with a focus on environmental, social, and governance issues. It 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.

5,870 Employees
Last Reported Date: 02/5/15
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, Head of Distribution and Clien...
Total Annual Compensation: $350.0K
Head of Equity, Vice President and Member of ...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

t rowe price group inc (TROW) Key Developments

T. Rowe Price Group Declares Special and Quarterly Cash Dividends, Payable on April 23, 2015 and March 30, 2015 Respectively

T. Rowe Price Group, Inc. announced that its Board of Directors has declared a special cash dividend of $2.00 per share payable April 23, 2015 to stockholders of record as of the close of business on April 9, 2015. The Board also declared a quarterly dividend of $0.52 per share payable March 30, 2015 to stockholders of record as of the close of business on March 16, 2015. The quarterly dividend rate represents an 18% increase over the previous quarterly dividend rate of $0.44 per share.

T. Rowe Price Launches Global Unconstrained Bond Fund and Global High Income Bond Fund

T. Rowe Price has launched the Global Unconstrained Bond Fund and the Global High Income Bond Fund. The two new funds are designed to help long-term investors navigate increasingly uncertain fixed income markets, which are characterized by unprecedented low yields, uncertainty surrounding interest rates, and diverging global monetary policies. While both funds were created to play supporting roles in an investor's portfolio, the Global Unconstrained Bond Fund focuses more on downside protection, while the Global High Income Bond Fund focuses more on capturing upside potential. Global Unconstrained Bond Fund - the fund seeks to offer some protection against rising rates, with a low correlation to equity markets; through a flexible, benchmark-agnostic approach, the fund will aim to offer low volatility and consistent income, even in rising interest rate environments; the fund will seek to achieve this by: investing at least 80% of its assets in bonds; focusing mainly on investment-grade securities, with exposure to noninvestment-grade securities (up to 30% of its assets); investing in a variety of debt securities, including obligations issued by U.S. and foreign governments and corporations, bank loans, and mortgage- and asset-backed securities; investing at least 40% of its assets in foreign securities, including emerging market debt, which may be denominated in U.S. dollars or non-U.S. currencies; managing the maturities of the fund's holdings based on Mr. Arif Husain's outlook for interest rates and not attempting to maintain a particular weighted average maturity; using interest rate futures, interest rate and credit default swaps, and forward currency exchange contracts, primarily to manage interest rate exposure and limit the fund's volatility; retaining the traditionally attractive characteristics of fixed income investments, including liquidity and diversification; the net expense ratio is estimated to be 0.75% for the investor class shares and 0.90% for the advisor class shares. Global High Income Bond Fund - the fund seeks to provide high income and, secondarily, capital appreciation by investing in high yield bonds issued by companies around the world; with the fund's neutral weighting, about 50% of its assets would be invested in U.S. bonds, 30% in European bonds, and 20% in emerging market bonds; the fund will seek to generate higher long-term total returns than U.S.-based credit strategies and its benchmark, the BofA/ML Global High Yield Index, by: overlaying a top-down outlook on bottom-up fundamental research generated by both credit and equity research analysts; relying on the firm's global research platform of 212 analysts stationed around the globe; investing in approximately 125 to 150 issuers across about 30 countries; limiting the fund's exposure to investment-grade debt to 15%; investing up to 20% of the fund's assets in bank loans and up to 5% in equities. The minimum initial investment for both funds is $2,500, or $1,000 for retirement accounts or gifts or transfers to minors (UGMA/UTMA) accounts.

T. Rowe Price Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Capital Expenditure and Tax Rate Guidance for the Full Year 2015

T. Rowe Price Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenues of $1.0 billion, net income of $315.9 million, and diluted earnings per common share of $1.18. On a comparable basis, net revenues were $929.8 million, net income was $287.7 million, and diluted earnings per common share was $1.06 in the fourth quarter of 2013. Net operating income was $480.0 million compared to $440.1 million a year ago. Income before income taxes were $518.8 million compared to $471.8 million a year ago. For the year, the company reported net revenues of $3,982.1 million compared to $3,484.2 million a year ago. Net operating income was $1,890.9 million compared to $1,637.4 million a year ago. Income before income taxes were $2,003.1 million compared to $1,700.4 million a year ago. Net income was $1,229.6 million compared to $1,047.7 million a year ago. Diluted earnings per share were $4.55 compared to $3.90 a year ago. The firm currently estimates that its effective rate for the full-year 2015 will be about 38.5%. The firm currently expects total capital expenditures for facilities, equipment, and technology development for 2015 to be up to $175 million, which will be funded from operating resources.

 

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