T. Rowe Price Group
Market Cap
US$28.0b
Last Updated
2019/11/22 23:43 UTC
Data Sources
Company Financials +
Executive Summary
T. Rowe Price Group, Inc. is a publicly owned investment manager.
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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 has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.4%
TROW
1.8%
US Capital Markets
-0.2%
US Market
1 Year Return
27.9%
TROW
12.5%
US Capital Markets
16.1%
US Market
Return vs Industry: TROW exceeded the US Capital Markets industry which returned 12.5% over the past year.
Return vs Market: TROW exceeded the US Market which returned 16.1% over the past year.
Shareholder returns
| TROW | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 1.8% | -0.2% |
| 30 Day | 11.7% | 6.7% | 3.7% |
| 90 Day | 14.6% | 10.9% | 8.5% |
| 1 Year | 31.6%27.9% | 15.0%12.5% | 18.7%16.1% |
| 3 Year | 76.4%62.6% | 43.8%35.6% | 46.9%37.4% |
| 5 Year | 70.5%45.0% | 79.0%62.4% | 61.8%44.0% |
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 year ago | Simply Wall St
T Rowe Price Group Inc (NASDAQ:TROW) Is Trading At A 10.31% Discount1 year ago | Simply Wall St
Is T Rowe Price Group Inc (NASDAQ:TROW) A Sell At Its Current PE Ratio?1 year ago | Simply Wall St
There's An Opportunity With T Rowe Price Group Inc (NASDAQ:TROW)Valuation
Is T. Rowe Price Group undervalued compared to its fair value and its price relative to the market?
23.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TROW ($121.02) is trading below our estimate of fair value ($158.74)
Significantly Below Fair Value: TROW is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TROW is good value based on its PE Ratio (15.2x) compared to the Capital Markets industry average (33x).
PE vs Market: TROW is good value based on its PE Ratio (15.2x) compared to the US market (18x).
Price to Earnings Growth Ratio
PEG Ratio: TROW is poor value based on its PEG Ratio (8.9x)
Price to Book Ratio
PB vs Industry: TROW is good value based on its PB Ratio (4.2x) compared to the US Capital Markets industry average (6.3x).
Future Growth
How is T. Rowe Price Group forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
1.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TROW's forecast earnings growth (1.7% per year) is below the savings rate (2.7%).
Earnings vs Market: TROW's earnings (1.7% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: TROW's earnings are forecast to grow, but not significantly.
Revenue vs Market: TROW's revenue (5.1% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: TROW's revenue (5.1% 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 (26.8%)
Past Performance
How has T. Rowe Price Group performed over the past 5 years?
11.4%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TROW has high quality earnings.
Growing Profit Margin: TROW's current net profit margins (34.6%) are higher than last year (33.4%).
Past Earnings Growth Analysis
Earnings Trend: TROW's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: TROW's earnings growth over the past year (5.5%) is below its 5-year average (11.4% per year).
Earnings vs Industry: TROW earnings growth over the past year (5.5%) underperformed the Capital Markets industry 20.6%.
Return on Equity
High ROE: TROW's Return on Equity (24.3%) is considered high.
Return on Assets
Return on Capital Employed
Financial Health
How is T. Rowe Price Group's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: TROW has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if TROW's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: TROW's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if TROW has a sufficient allowance for bad loans.
Low Risk Liabilities: TROW reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if TROW has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TROW has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if TROW has an appropriate level of bad loans.
Dividend
What is T. Rowe Price Group's current dividend yield, its reliability and sustainability?
2.51%
Current Dividend Yield
Upcoming Dividend Payment
Purchase T. Rowe Price Group before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: TROW's dividend (2.51%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: TROW's dividend (2.51%) is low compared to the top 25% of dividend payers in the US market (3.69%).
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 (37.4%), 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% payout ratio).
Management
What is the CEO of T. Rowe Price Group's salary, the management and board of directors tenure and is there insider trading?
3.3yrs
Average management tenure
CEO
Bill Stromberg (59yo)
3.8yrs
Tenure
US$13,086,753
Compensation
Mr. William J. Stromberg, also known as Bill, CFA is President, Director, Vice President, Head of Equity, Director of Equity Research and Portfolio Manager at T. Rowe Price Associates, Inc. He is President ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD13.09M) is about average for companies of similar size in the US market ($USD11.04M).
Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.3yrs
Average Tenure
50yo
Average Age
Experienced Management: TROW's management team is considered experienced (3.3 years average tenure).
Board Age and Tenure
4.5yrs
Average Tenure
65yo
Average Age
Experienced Board: TROW's board of directors are considered experienced (4.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Shares | 4,418 |
| Max Price | US$107.05 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,500 |
| Max Price | US$107.06 |
| Entity | Individual |
| Shares | 20,000 |
| Max Price | US$107.92 |
| Entity | Individual |
| Role | Chief Investment Officer Head of Investments & Group Chief Investment Officer |
| Shares | 2,617 |
| Max Price | US$100.73 |
| Entity | Individual |
| Shares | 10,000 |
| Max Price | US$97.15 |
| Entity | Individual |
| Role | Senior Key Executive Co-Head of Global Equity |
| Shares | 5,681 |
| Max Price | US$92.22 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Tom Pedersen
Managing Director of Sales & Client Relations
- Tenure: 0yrs
Ed Giltenan
Head of Global Public Relations & VP
- Tenure: 0yrs
Bill Stromberg (59yo)
Chairman
- Tenure: 3.8yrs
- Compensation: US$13.09m
Chris Alderson (57yo)
Co-Head of Global Equity
- Tenure: 2.8yrs
- Compensation: US$9.50m
Rob Sharps (48yo)
Head of Investments & Group Chief Investment Officer
- Tenure: 2.7yrs
- Compensation: US$12.64m
David Oestreicher (52yo)
Chief Legal Counsel
- Tenure: 11.7yrs
Jessica Hiebler (43yo)
Principal Accounting Officer & VP
- Tenure: 9.7yrs
Nigel Faulkner
CTO & Head of Global Technology
- Tenure: 0yrs
Teresa Whitaker
Investor Relations Manager
- Tenure: 0yrs
Céline Dufétel (38yo)
CFO & Treasurer
- Tenure: 1.8yrs
- Compensation: US$3.75m
Board Members
Rob MacLellan (64yo)
Independent Director
- Tenure: 9.2yrs
- Compensation: US$360.19k
Dina Dublon (66yo)
Independent Director
- Tenure: 0.4yrs
Sandra Wijnberg (63yo)
Independent Director
- Tenure: 3.1yrs
- Compensation: US$348.84k
Freeman Hrabowski (68yo)
Independent Director
- Tenure: 6.8yrs
- Compensation: US$361.80k
Mary Bush (71yo)
Independent Director
- Tenure: 7.1yrs
- Compensation: US$365.53k
Alan Wilson (61yo)
Lead Independent Director
- Tenure: 1.8yrs
- Compensation: US$372.13k
Bill Stromberg (59yo)
Chairman
- Tenure: 3.8yrs
- Compensation: US$13.09m
Rich Verma (50yo)
Independent Director
- Tenure: 1.6yrs
- Compensation: US$396.41k
Mark Bartlett (68yo)
Independent Director
- Tenure: 5.9yrs
- Compensation: US$351.11k
Olympia Snowe (72yo)
Independent Director
- Tenure: 6.4yrs
- Compensation: US$357.66k
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$28.048b
- Shares outstanding: 233.68m
- Website: https://www.troweprice.com
Number of Employees
Location
- T. Rowe Price Group, Inc.
- 100 East Pratt Street
- Baltimore
- Maryland
- 21202
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TROW | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Apr 1986 |
| TR1 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Apr 1986 |
| 0KNY | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Apr 1986 |
| TROW | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Apr 1986 |
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 | 2019/11/22 23:43 |
| End of Day Share Price | 2019/11/22 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
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.