T. Rowe Price Group
T. Rowe Price Group, Inc. is a publicly owned investment manager. The last earnings update was 56 days ago. More info.
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- T. Rowe Price Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
TROW Share Price and Events
7 Day Returns
1 Year Returns
TROW Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| T. Rowe Price Group (TROW) | 1.9% | 3.6% | 5.4% | -13.3% | 49.8% | 29.1% |
| US Capital Markets | -0.9% | -0.2% | 1.7% | -10.5% | 53% | 57.7% |
| US Market | 1.2% | 2% | 2% | 2.3% | 37.9% | 39.8% |
1 Year Return vs Industry and Market
- TROW underperformed the Capital Markets industry which returned -10.5% over the past year.
- TROW underperformed the Market in United States of America which returned 2.3% over the past year.
TROW Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
T. Rowe Price Group
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for T. Rowe Price Group.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity = $31.07 * 27.1% |
$8.42 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 3 analysts. | $31.07 |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Capital Markets Unlevered Beta | Simply Wall St/ S&P Global | 0.7 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.698 (1 + (1- 21%) (0.63%)) |
0.8 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.8 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NasdaqGS:TROW using Excess Returns Model Model
The calculations below outline how an intrinsic value for T. Rowe Price Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (27.1% – 7.5%) * $31.07) |
$6.09 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $6.09 / (7.5% - 2.73%) |
$127.68 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $31.07 + $127.68 |
$158.75 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $158.75 |
| Current discount | Discount to share price of
$107.84
= -1 x ($107.84 - $158.75) / $158.75 |
32.1% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- T. Rowe Price Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
- T. Rowe Price Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for T. Rowe Price Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
T. Rowe Price Group's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $7.70 |
| NasdaqGS:TROW Share Price ** | NasdaqGS (2019-06-19) in USD | $107.84 |
| United States of America Capital Markets Industry PE Ratio | Median Figure of 90 Publicly-Listed Capital Markets Companies | 36.56x |
| United States of America Market PE Ratio | Median Figure of 3,092 Publicly-Listed Companies | 17.87x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of T. Rowe Price Group.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:TROW Share Price ÷ EPS (both in USD) = 107.84 ÷ 7.70 |
14x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- T. Rowe Price Group is good value based on earnings compared to the US Capital Markets industry average.
- T. Rowe Price Group is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
T. Rowe Price Group's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
2.7%per year |
| United States of America Capital Markets Industry PEG Ratio | Median Figure of 33 Publicly-Listed Capital Markets Companies | 2.06x |
| United States of America Market PEG Ratio | Median Figure of 2,128 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14x ÷ 2.7% |
5.16x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- T. Rowe Price Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
T. Rowe Price Group's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $26.69 |
| NasdaqGS:TROW Share Price * | NasdaqGS (2019-06-19) in USD | $107.84 |
| United States of America Capital Markets Industry PB Ratio | Median Figure of 174 Publicly-Listed Capital Markets Companies | 7.87x |
| United States of America Market PB Ratio | Median Figure of 5,246 Publicly-Listed Companies | 1.8x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:TROW Share Price ÷ Book Value per Share (both in USD) = 107.84 ÷ 26.69 |
4.04x |
* Primary Listing of T. Rowe Price Group.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- T. Rowe Price Group is good value based on assets compared to the US Capital Markets industry average.
Value checks
We assess T. Rowe Price Group's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check) T. Rowe Price Group has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
TROW Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- T. Rowe Price Group's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
- T. Rowe Price Group's earnings growth is positive but not above the United States of America market average.
- T. Rowe Price Group's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:TROW Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | 2.7% |
| NasdaqGS:TROW Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | 6.1% |
| United States of America Capital Markets Industry Earnings Growth Rate | Market Cap Weighted Average | 7% |
| United States of America Capital Markets Industry Revenue Growth Rate | Market Cap Weighted Average | 4.5% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 7,290 | 1 | ||
| 2022-12-31 | 6,825 | 1 | ||
| 2021-12-31 | 6,187 | 1,991 | 5 | |
| 2020-12-31 | 5,818 | 2,086 | 1,874 | 13 |
| 2019-12-31 | 5,555 | 2,218 | 1,853 | 13 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 5,372 | 1,678 | 1,850 |
| 2018-12-31 | 5,373 | 1,620 | 1,794 |
| 2018-09-30 | 5,303 | 1,363 | 1,790 |
| 2018-06-30 | 5,147 | 1,020 | 1,603 |
| 2018-03-31 | 5,050 | 562 | 1,530 |
| 2017-12-31 | 4,855 | 230 | 1,464 |
| 2017-09-30 | 4,649 | 255 | 1,496 |
| 2017-06-30 | 4,503 | 324 | 1,435 |
| 2017-03-31 | 4,361 | 287 | 1,268 |
| 2016-12-31 | 4,285 | 171 | 1,190 |
| 2016-09-30 | 4,184 | 405 | 1,117 |
| 2016-06-30 | 4,140 | 630 | 1,070 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
All data from T. Rowe Price Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 8.50 | 9.05 | 7.61 | 3.00 |
| 2020-12-31 | 7.98 | 8.52 | 7.37 | 9.00 |
| 2019-12-31 | 7.82 | 8.02 | 7.26 | 8.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 7.70 |
| 2018-12-31 | 7.41 |
| 2018-09-30 | 7.37 |
| 2018-06-30 | 6.61 |
| 2018-03-31 | 6.33 |
| 2017-12-31 | 6.07 |
| 2017-09-30 | 6.20 |
| 2017-06-30 | 5.91 |
| 2017-03-31 | 5.19 |
| 2016-12-31 | 4.85 |
| 2016-09-30 | 4.52 |
| 2016-06-30 | 4.30 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess T. Rowe Price Group's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
T. Rowe Price Group has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
TROW Past Performance
How has T. Rowe Price Group performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- T. Rowe Price Group's year on year earnings growth rate has been positive over the past 5 years.
- T. Rowe Price Group's 1-year earnings growth exceeds its 5-year average (21% vs 9.9%)
- T. Rowe Price Group's earnings growth has not exceeded the US Capital Markets industry average in the past year (21% vs 76.4%).
Earnings and Revenue History
All data from T. Rowe Price Group Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 5,371.90 | 1,850.40 | 781.80 | |
| 2018-12-31 | 5,372.60 | 1,793.90 | 779.50 | |
| 2018-09-30 | 5,303.30 | 1,790.00 | 345.30 | |
| 2018-06-30 | 5,147.40 | 1,602.80 | 322.40 | |
| 2018-03-31 | 5,050.30 | 1,529.80 | 747.90 | |
| 2017-12-31 | 4,854.90 | 1,463.90 | 722.60 | |
| 2017-09-30 | 4,648.50 | 1,496.10 | 580.50 | |
| 2017-06-30 | 4,502.70 | 1,434.50 | 473.00 | |
| 2017-03-31 | 4,361.40 | 1,268.40 | 353.30 | |
| 2016-12-31 | 4,284.80 | 1,189.50 | 618.10 | |
| 2016-09-30 | 4,183.90 | 1,117.00 | 247.90 | |
| 2016-06-30 | 4,140.00 | 1,069.50 | 241.40 | |
| 2016-03-31 | 4,167.70 | 1,201.40 | 239.80 | |
| 2015-12-31 | 4,200.60 | 1,206.90 | 238.90 | |
| 2015-09-30 | 4,170.80 | 1,220.20 | 233.90 | |
| 2015-06-30 | 4,142.60 | 1,247.00 | 229.00 | |
| 2015-03-31 | 4,054.50 | 1,218.10 | 225.50 | |
| 2014-12-31 | 3,982.10 | 1,215.40 | 219.90 | |
| 2014-09-30 | 3,889.50 | 1,188.00 | 220.10 | |
| 2014-06-30 | 3,753.10 | 1,155.90 | 219.10 | |
| 2014-03-31 | 3,623.10 | 1,099.40 | 222.70 | |
| 2013-12-31 | 3,484.20 | 1,038.40 | 222.80 | |
| 2013-09-30 | 3,344.00 | 983.90 | 218.80 | |
| 2013-06-30 | 3,229.30 | 961.90 | 219.70 | |
| 2013-03-31 | 3,111.80 | 921.70 | 216.70 | |
| 2012-12-31 | 3,022.50 | 878.10 | 213.20 | |
| 2012-09-30 | 2,909.90 | 835.30 | 210.60 | |
| 2012-06-30 | 2,819.60 | 774.20 | 210.30 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- T. Rowe Price Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
- T. Rowe Price Group used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
- T. Rowe Price Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess T. Rowe Price Group's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
T. Rowe Price Group has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
TROW Health
How is T. Rowe Price Group's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up T. Rowe Price Group's finances.
The net worth of a company is the difference between its assets and liabilities.
- T. Rowe Price Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- T. Rowe Price Group's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- T. Rowe Price Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from T. Rowe Price Group Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 7,197.70 | 161.90 | 1,657.40 |
| 2018-12-31 | 6,864.60 | 0.00 | 1,425.20 |
| 2018-09-30 | 7,321.10 | 0.00 | 2,090.60 |
| 2018-06-30 | 6,853.80 | 0.00 | 1,484.40 |
| 2018-03-31 | 6,448.40 | 0.00 | 1,681.40 |
| 2017-12-31 | 6,817.20 | 0.00 | 1,902.70 |
| 2017-09-30 | 6,481.80 | 0.00 | 2,130.10 |
| 2017-06-30 | 5,796.20 | 0.00 | 1,799.10 |
| 2017-03-31 | 5,459.30 | 0.00 | 1,661.90 |
| 2016-12-31 | 5,695.80 | 0.00 | 1,280.30 |
| 2016-09-30 | 5,947.60 | 0.00 | 1,460.40 |
| 2016-06-30 | 5,971.30 | 0.00 | 1,308.30 |
| 2016-03-31 | 5,588.90 | 0.00 | 1,370.30 |
| 2015-12-31 | 4,762.00 | 0.00 | 1,198.10 |
| 2015-09-30 | 4,673.60 | 0.00 | 1,238.10 |
| 2015-06-30 | 4,967.10 | 0.00 | 1,351.60 |
| 2015-03-31 | 5,002.00 | 0.00 | 1,895.40 |
| 2014-12-31 | 5,395.20 | 0.00 | 1,586.00 |
| 2014-09-30 | 5,227.50 | 0.00 | 1,728.90 |
| 2014-06-30 | 5,273.60 | 0.00 | 1,806.90 |
| 2014-03-31 | 5,037.20 | 0.00 | 1,786.90 |
| 2013-12-31 | 4,818.10 | 0.00 | 1,419.00 |
| 2013-09-30 | 4,540.60 | 0.00 | 1,739.60 |
| 2013-06-30 | 4,310.50 | 0.00 | 1,493.60 |
| 2013-03-31 | 4,107.00 | 0.00 | 1,382.30 |
| 2012-12-31 | 3,846.10 | 0.00 | 974.40 |
| 2012-09-30 | 3,858.90 | 0.00 | 1,328.60 |
| 2012-06-30 | 3,657.80 | 0.00 | 1,064.40 |
- T. Rowe Price Group has no debt.
- T. Rowe Price Group has not taken on any debt in the past 5 years.
- T. Rowe Price Group has no debt, it does not need to be covered by operating cash flow.
- T. Rowe Price Group has no debt, therefore coverage of interest payments is not a concern.
Financial health checks
We assess T. Rowe Price Group's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) T. Rowe Price Group has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
TROW Dividends
What is T. Rowe Price Group's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
T. Rowe Price Group
shares you are expected to receive
$56
in your first year as a dividend.
Dividend Amount
- T. Rowe Price Group's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
- T. Rowe Price Group's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| United States of America Capital Markets Industry Average Dividend Yield | Market Cap Weighted Average of 41 Stocks | 2.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2011 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | 3.75 | 1.00 |
| 2022-12-31 | 3.53 | 1.00 |
| 2021-12-31 | 3.34 | 7.00 |
| 2020-12-31 | 3.16 | 13.00 |
| 2019-12-31 | 3.00 | 13.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-25 | 3.040 | 2.904 |
| 2019-02-13 | 3.040 | 2.999 |
| 2018-10-24 | 2.800 | 2.982 |
| 2018-08-22 | 2.800 | 2.581 |
| 2018-04-26 | 2.800 | 2.353 |
| 2018-02-13 | 2.800 | 2.548 |
| 2017-10-25 | 2.280 | 2.209 |
| 2017-08-21 | 2.280 | 2.592 |
| 2017-04-26 | 2.280 | 3.022 |
| 2017-02-16 | 2.280 | 3.241 |
| 2016-10-26 | 2.160 | 3.007 |
| 2016-08-24 | 2.160 | 3.220 |
| 2016-04-27 | 2.160 | 2.972 |
| 2016-02-17 | 2.160 | 2.962 |
| 2015-10-21 | 2.080 | 2.914 |
| 2015-08-13 | 2.080 | 2.935 |
| 2015-07-23 | 2.080 | 2.713 |
| 2015-02-19 | 2.080 | 2.575 |
| 2014-10-22 | 1.760 | 2.130 |
| 2014-06-19 | 1.760 | 2.207 |
| 2014-04-24 | 1.760 | 2.155 |
| 2014-02-19 | 1.760 | 2.171 |
| 2013-10-23 | 1.520 | 1.899 |
| 2013-06-20 | 1.520 | 2.058 |
| 2013-04-23 | 1.520 | 2.030 |
| 2013-02-21 | 1.520 | 2.052 |
| 2012-10-22 | 1.360 | 2.022 |
| 2012-08-01 | 1.360 | 2.163 |
| 2012-04-17 | 1.360 | 2.258 |
| 2012-02-23 | 1.360 | 2.153 |
| 2011-10-17 | 1.240 | 2.204 |
| 2011-09-02 | 1.240 | 2.476 |
| 2011-06-03 | 1.240 | 2.242 |
| 2011-02-17 | 1.240 | 1.922 |
| 2010-10-18 | 1.080 | 1.746 |
| 2010-09-03 | 1.080 | 2.150 |
| 2010-06-03 | 1.080 | 2.281 |
| 2010-02-18 | 1.080 | 2.005 |
| 2009-10-19 | 1.000 | 1.966 |
| 2009-09-03 | 1.000 | 2.205 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
T. Rowe Price Group's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.7x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
Income/ dividend checks
We assess T. Rowe Price Group's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can T. Rowe Price Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) T. Rowe Price Group has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
TROW Management
CEO
| COMPENSATION | $13,086,753 |
| AGE | 58 |
| TENURE AS CEO | 3.4 years |
CEO Bio
Mr. William J. Stromberg, also known as Bill, CFA has been the President, Chief Executive Officer and Director of T. Rowe Price Group, Inc. since January 1, 2016. Mr. Stromberg has been the Chairman of the Board at T. Rowe Price Group, Inc. since April 25, 2019. Mr. Stromberg serves as the President, Director, VP, Head of Equity, Director of Equity Research, and Portfolio Manager at T. Rowe Price Associates, Inc. Previously, Mr. Stromberg served as a Vice President from 1990 to January 1, 2016, Head of Global Equity and Global Equity Research from 1990 to January 1, 2016, Director of Global of Equity Management Group, Director of Global Research, Head of Equities from 2009 to 2015, Head of U.S. Equity from 2006 to 2009 and Director of Equity Research from 1996 to 2006 at the firm and as an equity investment analyst from 1987 to 1992. He joined the firm in 1987. Mr. Stromberg was employed at Westinghouse Defense as a Systems Engineer. He has a vast investment experience. Mr. Stromberg serves on the Johns Hopkins University Board of Trustees and the Hopkins Whiting School of Engineering Advisory Council. Previously, he served nine years on the Catholic Charities Board of Trustees, with two years as Board President. Mr. Stromberg holds the Chartered Financial Analyst designation. He received an M.B.A. from the Tuck School of Business at Dartmouth and a B.A. from Johns Hopkins University.
CEO Compensation
- Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
- Bill's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the T. Rowe Price Group management team in years:
- The tenure for the T. Rowe Price Group management team is about average.
Management Team
Bill Stromberg
Chairman
$13M
58
3.4 yrs
Céline Dufétel
CFO & Treasurer
$4M
37
1.3 yrs
Rob Sharps
Head of Investments & Group Chief Investment Officer
$13M
47
2.3 yrs
Chris Alderson
Co-Head of Global Equity
$10M
56
2.4 yrs
Jessica Hiebler
Principal Accounting Officer & VP
42
9.3 yrs
Nigel Faulkner
CTO & Head of Global Technology
Teresa Whitaker
Investor Relations Manager
David Oestreicher
Chief Legal Counsel
51
11.3 yrs
Ed Giltenan
Head of Global Public Relations & VP
Tom Pedersen
Managing Director of Sales & Client Relations
Board of Directors Tenure
Average tenure and age of the T. Rowe Price Group board of directors in years:
- The tenure for the T. Rowe Price Group board of directors is about average.
Board of Directors
Bill Stromberg
Chairman
$13M
58
0.2 yrs
Rob MacLellan
Director
$360K
63
8.8 yrs
Olympia Snowe
Director
$358K
71
6 yrs
Mark Bartlett
Director
$351K
67
5.5 yrs
Alan Wilson
Lead Independent Director
$372K
60
1.4 yrs
Mary Bush
Independent Director
$366K
70
6.7 yrs
Freeman Hrabowski
Independent Director
$362K
67
6.4 yrs
Sandra Wijnberg
Director
$349K
62
2.7 yrs
Rich Verma
Independent Director
$396K
49
1.2 yrs
Dina Dublon
Independent Director
65
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 11. Jun 19 | Sell | Mary Bush | Individual | 10. Jun 19 | 10. Jun 19 | -3,500 | $107.06 | $-374,716 | ||
| 29. Apr 19 | Sell | Edward Bernard | Individual | 25. Apr 19 | 25. Apr 19 | -20,000 | $107.92 | $-2,158,470 | ||
| 14. Mar 19 | Sell | Robert Sharps | Individual | 13. Mar 19 | 13. Mar 19 | -2,617 | $100.73 | $-263,597 | ||
| 19. Feb 19 | Sell | Edward Bernard | Individual | 15. Feb 19 | 15. Feb 19 | -10,000 | $97.15 | $-971,469 | ||
| 12. Dec 18 | Sell | Christopher Alderson | Individual | 10. Dec 18 | 10. Dec 18 | -5,681 | $92.22 | $-523,930 | ||
| 30. Jul 18 | Sell | Freeman Hrabowski | Individual | 26. Jul 18 | 26. Jul 18 | -4,500 | $121.74 | $-547,842 | ||
Management checks
We assess T. Rowe Price Group's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) T. Rowe Price Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
TROW News
Simply Wall St News
T Rowe Price Group Inc (NASDAQ:TROW) Is Trading At A 10.31% Discount
Capital market firms such as TROW are hard to value. … This is because the rules they face are different to other companies, which can impact the way we forecast their cash flow. … Asset managers, for example, must hold certain levels of capital in order to maintain a safe cash cushion.
Simply Wall St - – Full articleIs T Rowe Price Group Inc (NASDAQ:TROW) A Sell At Its Current PE Ratio?
and want to begin learning the link between T Rowe Price Group Inc (NASDAQ:TROW)’s fundamentals and stock market performance. … T Rowe Price Group Inc (NASDAQ:TROW) is currently trading at a trailing P/E of 18.3x, which is higher than the industry average of 15.9x. … While this makes TROW appear like a stock to avoid or sell if you own it, you might change your mind after I explain the assumptions behind the P/E ratio
Simply Wall St - – Full articleThere's An Opportunity With T Rowe Price Group Inc (NASDAQ:TROW)
High quality companies, such as T Rowe Price Group Inc, are impacted by general market panic and sell-off, but the fundamentals of these companies stay the same. … Rowe Price GroupT … Rowe Price Group, Inc.
Simply Wall St - – Full articleIs Buying T Rowe Price Group Inc (NASDAQ:TROW) For Its Upcoming US$00.70 Dividend A Good Choice?
Investors who want to cash in on T Rowe Price Group Inc's (NASDAQ:TROW) upcoming dividend of $0.70 per share have only 5 days left to buy the shares before its ex-dividend date, 14 June 2018, in time for dividends payable on the 29 June 2018. … Rowe Price Group's latest financial data to analyse its dividend attributes. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:
Simply Wall St - – Full articleStocks Take A Hit: How Will T Rowe Price Group Inc. (NASDAQ:TROW) Fare?
I'm talking about the well-proven, robust track record T Rowe Price Group Inc.. … Rowe Price Group T. … Rowe Price Group's case, they have no debt on the books, which eliminates short-term debt pressures highly-levered companies may face.
Simply Wall St - – Full articleWhy T Rowe Price Group Inc. (NASDAQ:TROW) Is A Top Dividend Stocks
Rowe Price Group tick all the boxes of a great dividend stock? … Rowe Price Group 5 checks you should use to assess a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend payers? … Going forward, analysts expect TROW's payout to remain around the same level at 37.91% of its earnings, which leads to a dividend yield of around 2.56%.
Simply Wall St - – Full articleIs T Rowe Price Group Inc.'s (NASDAQ:TROW) PE Ratio A Signal To Sell For Investors?
Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for TROW Price per share = $106.2 Earnings per share = $6.069 ∴ Price-Earnings Ratio = $106.2 ÷ $6.069 = 17.5x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … Since TROW's P/E of 17.5x is higher than its industry peers (16.6x), it means that investors are paying more than they should for each dollar of TROW's earnings. … For example, if you are inadvertently comparing riskier firms with TROW, then TROW’s P/E would naturally be higher than its peers since investors would reward its lower risk with a higher price.
Simply Wall St - – Full articleIs T Rowe Price Group Inc. (NASDAQ:TROW) Undervalued After Accounting For Its Future Growth?
Looking at T Rowe Price Group Inc.’s (NASDAQ:TROW) fundamentals some investors are wondering if its last closing price of $104.67 represents a good value for money for this high growth stock. … Rowe Price Group is a high-growth stock, we must also account for its earnings growth by using calculation called the PEG ratio. … Rowe Price Group appears a bit overvalued , based on its fundamentals.
Simply Wall St - – Full article3 Days Left Before T Rowe Price Group Inc. (NASDAQ:TROW) Will Start Trading Ex-Dividend, Is It Worth Buying?
Rowe Price Group 5 checks you should do on a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend-paying companies? … Rowe Price Group pass our checks? … Rowe Price Group is definitely worth keeping an eye on for someone looking to build a dedicated income portfolio.
Simply Wall St - – Full articleConsider These Factors, Then Buy T Rowe Price Group Inc. (NASDAQ:TROW)
Longstanding stocks such as T Rowe Price Group Inc. … Rowe Price Group T. … Rowe Price Group, Inc.
Simply Wall St - – Full articleTROW Company Info
Description
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; 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.
Details
| Name: | T. Rowe Price Group, Inc. |
| TROW | |
| Exchange: | NasdaqGS |
| Founded: | 1937 |
| $25,501,508,969 | |
| 236,475,417 | |
| Website: | http://www.troweprice.com |
| Address: |
T. Rowe Price Group, Inc. 100 East Pratt Street, Baltimore, Maryland, 21202, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | TROW | Common Stock | Nasdaq Global Select | US | USD | 02. Apr 1986 | |
| DB | TR1 | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Apr 1986 | |
| LSE | 0KNY | Common Stock | London Stock Exchange | GB | USD | 02. Apr 1986 |
Number of employees
Current staff
Industry
| Asset Management and Custody Banks | |
| Diversified Financials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/19 23:44 |
| End of day share price update: | 2019/06/19 00:00 |
| Last estimates confirmation: | 2019/06/18 |
| Last earnings filing: | 2019/04/24 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
