T. Rowe Price Group
Market Cap
US$43.4b
Last Updated
2021/05/18 05:29 UTC
Data Sources
Company Financials +
Executive Summary
T. Rowe Price Group, Inc. is a publicly owned investment manager. More Details
Rewards
Risk Analysis
Snowflake Analysis
Outstanding track record with flawless balance sheet and pays a dividend.
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Share Price & News
How has T. Rowe Price Group's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TROW is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: TROW's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.6%
TROW
-0.8%
US Capital Markets
-0.6%
US Market
1 Year Return
67.7%
TROW
65.7%
US Capital Markets
46.0%
US Market
Return vs Industry: TROW exceeded the US Capital Markets industry which returned 65.7% over the past year.
Return vs Market: TROW exceeded the US Market which returned 46% over the past year.
Shareholder returns
| TROW | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.6% | -0.8% | -0.6% |
| 30 Day | 7.7% | 3.0% | -1.8% |
| 90 Day | 17.3% | 9.0% | 0.2% |
| 1 Year | 72.3%67.7% | 69.4%65.7% | 48.4%46.0% |
| 3 Year | 69.7%56.1% | 58.9%47.5% | 60.5%50.4% |
| 5 Year | 187.6%150.1% | 167.4%135.1% | 125.9%100.9% |
Long-Term Price Volatility Vs. Market
How volatile is T. Rowe Price Group's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
We Think T. Rowe Price Group, Inc.'s (NASDAQ:TROW) CEO Compensation Looks Fair1 month ago | Simply Wall St
Shareholders Of T. Rowe Price Group (NASDAQ:TROW) Must Be Happy With Their 174% Total Return1 month ago | Simply Wall St
Have T. Rowe Price Group, Inc. (NASDAQ:TROW) Insiders Been Selling Their Stock?Valuation
Is T. Rowe Price Group undervalued compared to its fair value and its price relative to the market?
36.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TROW ($191.47) is trading below our estimate of fair value ($301.91)
Significantly Below Fair Value: TROW is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TROW's PE Ratio (16.1x) is in line with the US Capital Markets industry average.
PE vs Market: TROW is good value based on its PE Ratio (16.1x) compared to the US market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: TROW is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: TROW is good value based on its PB Ratio (5.4x) compared to the US Capital Markets industry average (68x).
Future Growth
How is T. Rowe Price Group forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
5.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TROW's forecast earnings growth (5.9% per year) is above the savings rate (2%).
Earnings vs Market: TROW's earnings (5.9% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: TROW's earnings are forecast to grow, but not significantly.
Revenue vs Market: TROW's revenue (6.2% per year) is forecast to grow slower than the US market (9% per year).
High Growth Revenue: TROW's revenue (6.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TROW's Return on Equity is forecast to be high in 3 years time (30.5%)
Past Performance
How has T. Rowe Price Group performed over the past 5 years?
15.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TROW has high quality earnings.
Growing Profit Margin: TROW's current net profit margins (41.1%) are higher than last year (33%).
Past Earnings Growth Analysis
Earnings Trend: TROW's earnings have grown by 15.3% per year over the past 5 years.
Accelerating Growth: TROW's earnings growth over the past year (42.5%) exceeds its 5-year average (15.3% per year).
Earnings vs Industry: TROW earnings growth over the past year (42.5%) exceeded the Capital Markets industry 34.4%.
Return on Equity
High ROE: TROW's Return on Equity (34.6%) is considered high.
Financial Health
How is T. Rowe Price Group's financial position?
Financial Position Analysis
Short Term Liabilities: TROW's short term assets ($3.7B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: TROW's short term assets ($3.7B) exceed its long term liabilities ($199.7M).
Debt to Equity History and Analysis
Debt Level: TROW is debt free.
Reducing Debt: TROW has not had any debt for past 5 years.
Debt Coverage: TROW has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: TROW has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Dividend
What is T. Rowe Price Group current dividend yield, its reliability and sustainability?
2.26%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: TROW's dividend (2.26%) is higher than the bottom 25% of dividend payers in the US market (1.25%).
High Dividend: TROW's dividend (2.26%) is low compared to the top 25% of dividend payers in the US market (3.41%).
Stability and Growth of Payments
Stable Dividend: TROW's dividends per share have been stable in the past 10 years.
Growing Dividend: TROW's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.8%), TROW's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TROW's dividends in 3 years are forecast to be well covered by earnings (34.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.3yrs
Average management tenure
CEO
Bill Stromberg (60 yo)
5.33yrs
Tenure
US$15,337,274
Compensation
Mr. William J. Stromberg, also known as Bill, CFA is President, Director, Vice President, Head of Equity, Director of Equity Research and Portfolio Manager at T. Rowe Price Associates, Inc. He is Chief Exe...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD15.34M) is above average for companies of similar size in the US market ($USD11.19M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: TROW's management team is seasoned and experienced (5.3 years average tenure).
Board Members
Experienced Board: TROW's board of directors are considered experienced (4.6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TROW insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
T. Rowe Price Group, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: T. Rowe Price Group, Inc.
- Ticker: TROW
- Exchange: NasdaqGS
- Founded: 1937
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$43.436b
- Shares outstanding: 226.86m
- Website: https://www.troweprice.com
Number of Employees
Location
- T. Rowe Price Group, Inc.
- 100 East Pratt Street
- Baltimore
- Maryland
- 21202
- United States
Listings
Biography
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 la...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/18 05:29 |
| End of Day Share Price | 2021/05/17 00:00 |
| Earnings | 2021/03/31 |
| Annual Earnings | 2020/12/31 |
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.