T. Rowe Price Group (TROW) Stock Overview
A publicly owned investment manager. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 5/6 |
| Dividends | 6/6 |
TROW Community Fair Values
Create NarrativeSee what 144 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
T. Rowe Price Group, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$108.94 |
| 52 Week High | US$118.22 |
| 52 Week Low | US$85.22 |
| Beta | 1.52 |
| 1 Month Change | 6.79% |
| 3 Month Change | 24.49% |
| 1 Year Change | 18.96% |
| 3 Year Change | -3.12% |
| 5 Year Change | -44.42% |
| Change since IPO | 13,438.17% |
Recent News & Updates
Seeking Alpha • 4h
T. Rowe Price: Still A Top Pick For My Retirement Portfolio Despite Headwinds
Summary T. Rowe Price remains a Strong Buy, with a compelling risk-reward profile and a valuation reflecting conservative assumptions despite macro potential improvements. TROW boasts a pristine balance sheet, with zero financial debt, $3.73B in cash, and robust free cash flow, supporting sustainable dividends, aggressive buybacks, and potential M&A activity. Recent AUM growth, strong equity/multi-asset fund performance, and an attractive yield underpin TROW’s resilience, even as net retail outflows persist. Potential catalysts include a risk-on market shift, redeployment of money market assets, and potential strategic expansion, including alternatives or international markets. Read the full article on Seeking Alpha
Narrative Update • Jun 15
TROW: Retirement Income And Crypto ETFs Will Support Earnings Power Ahead
Analysts have raised the T. Rowe Price Group fair value estimate to $111 from $107, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations that underpin their latest price target revisions across the Street.Recent updates
Seeking Alpha • 4h
T. Rowe Price: Still A Top Pick For My Retirement Portfolio Despite Headwinds
Summary T. Rowe Price remains a Strong Buy, with a compelling risk-reward profile and a valuation reflecting conservative assumptions despite macro potential improvements. TROW boasts a pristine balance sheet, with zero financial debt, $3.73B in cash, and robust free cash flow, supporting sustainable dividends, aggressive buybacks, and potential M&A activity. Recent AUM growth, strong equity/multi-asset fund performance, and an attractive yield underpin TROW’s resilience, even as net retail outflows persist. Potential catalysts include a risk-on market shift, redeployment of money market assets, and potential strategic expansion, including alternatives or international markets. Read the full article on Seeking AlphaNarrative Update • Jun 15
TROW: Retirement Income And Crypto ETFs Will Support Earnings Power Ahead
Analysts have raised the T. Rowe Price Group fair value estimate to $111 from $107, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations that underpin their latest price target revisions across the Street.
Narrative Update • Jun 01
TROW: Expense Discipline And New Offerings Will Shape Future Flow And Margin Risk
Analyst price targets for T. Rowe Price Group have edged higher to around $97 from about $96.50, as analysts factor in a slightly higher assumed future P/E multiple, along with more moderate revenue growth and profit margin expectations.Narrative Update • May 02
TROW: Expense Discipline And New Products Will Shape Future Risk Reward Balance
Analysts now place fair value for T. Rowe Price Group at about $96.50, down from around $100.58.Narrative Update • Apr 17
TROW: New Credit Platforms And Buybacks Will Support Earnings Power Ahead
The analyst fair value estimate for T. Rowe Price Group has been revised from $128.00 to $107.00, as analysts factor in softer revenue growth assumptions, slightly lower profit margin expectations, modestly adjusted P/E assumptions, and a lower discount rate following a series of reduced price targets across the Street.Narrative Update • Apr 01
TROW: Expense Discipline And New Products Will Support Future Re Rating Potential
The Analyst Price Target for T. Rowe Price Group edges slightly lower by about $1.50 as analysts fine tune their models, citing sector wide target cuts following early reads on traditional asset manager flows and modest tweaks to assumptions around fair value, discount rates and future P/E multiples.
Narrative Update • Mar 18
TROW: Softer Flows And ETF Expansion Will Shape Future Earnings Multiple
Analysts have trimmed their average price target on T. Rowe Price Group by $0.71 to $83.00, reflecting a reset in expectations as they factor in softer traditional asset manager flows, along with only modest changes to growth, profitability, and future P/E assumptions.Narrative Update • Mar 04
TROW: Expense Discipline And ETFs Balance Softer Outlook And Capital Returns
The analyst price target for T. Rowe Price Group has been reduced by about $5 to reflect updated expectations for slower revenue growth, slightly lower profit margins, and a higher assumed future P/E multiple, in line with a series of recent target cuts from major firms.Narrative Update • Feb 18
TROW: Slower Revenue And Margin Compression Will Pressure Future Earnings Multiple
The analyst price target for T. Rowe Price Group has been reduced by roughly $4 to reflect updated assumptions for slower revenue growth, a lower profit margin profile, a slightly adjusted discount rate, and a higher future P/E multiple in line with recent Street research cuts from several firms.Analysis Article • Feb 13
T. Rowe Price Group (NASDAQ:TROW) Is Increasing Its Dividend To $1.30
The board of T. Rowe Price Group, Inc. ( NASDAQ:TROW ) has announced that it will be paying its dividend of $1.30 on...Narrative Update • Feb 03
TROW: Expense Discipline And ETF Expansion Will Shape Forward Performance
The analyst price target for T. Rowe Price Group has been reduced by about $0.42, as analysts factor in slightly lower revenue growth expectations along with modestly improved profit margin and P/E assumptions reflected in recent Street research updates.Narrative Update • Jan 20
TROW: Expense Discipline And Flow Headwinds Will Shape Forward Performance
Analysts have trimmed their average price target on T. Rowe Price Group by about $2.42 to roughly $107.83.Narrative Update • Jan 06
TROW: Efficiency Gains And Buybacks Will Support Earnings Power Ahead
Analysts have lifted their price target on T. Rowe Price Group to about $128 from roughly $112, citing updated assumptions for revenue growth, profitability, and a lower future P/E multiple.Narrative Update • Dec 14
TROW: Rising Price Expectations Will Clash With Persistent Outflows Ahead
The Analyst Price Target for T. Rowe Price Group has been raised by analysts from $79.23 to $87.43 as they factor in stronger revenue growth, higher profit margins, and improved operating efficiencies despite ongoing industry wide flow headwinds.Narrative Update • Nov 30
TROW: Cost Controls And Capital Flow Trends Will Influence Forward Performance
The analyst price target for T. Rowe Price Group has been raised by several analysts to a range of $97 to $115.Narrative Update • Nov 16
TROW: Cost Improvements And Industry Flows Will Shape Performance Amid Recent Outflows
Analysts have modestly increased their fair value estimate for T. Rowe Price Group to approximately $110.Narrative Update • Oct 31
TROW: Market Momentum And Industry Resilience Will Balance Future Opportunities And Risks
The analyst price target for T. Rowe Price Group has increased slightly, rising by $0.69 to $108.85.Narrative Update • Oct 17
Retirement Solutions And Global ETFs Will Unlock Future Value
Analysts have increased their price target for T. Rowe Price Group, raising it from approximately $105.38 to $108.15.Narrative Update • Oct 03
Retirement Solutions And Global ETFs Will Unlock Future Value
T. Rowe Price Group’s fair value estimate has been increased by less than $1 to $105.38, as analysts cite modest improvements in global market performance and continued traction in industry growth.Analysis Article • Jul 21
T. Rowe Price Group, Inc. (NASDAQ:TROW) Looks Inexpensive But Perhaps Not Attractive Enough
With a price-to-earnings (or "P/E") ratio of 11.9x T. Rowe Price Group, Inc. ( NASDAQ:TROW ) may be sending bullish...Seeking Alpha • Apr 27
T. Rowe Price Trades Below Pandemic Levels, Yields Over 5.5% And Looks Enticing
Summary T. Rowe Price Group has faced significant challenges, including declining AUM and net outflows for 13 quarters, impacting investor confidence and market sentiment. Despite these headwinds, TROW offers a compelling investment opportunity with a 5.67% dividend yield and a low payout ratio, suggesting potential for future dividend growth. TROW is actively addressing its challenges by expanding its ETF offerings, entering the insurance asset management space, and leveraging technology to drive organic growth. With strong financial performance, a robust return of capital program, and strategic initiatives, TROW is well-positioned for a potential turnaround and capital appreciation. Read the full article on Seeking AlphaSeeking Alpha • Mar 27
T. Rowe Price: Flow Stabilization Is The Turning Point
Summary T. Rowe Price is undervalued, trading at ~10x earnings with a 5.3% dividend yield, and poised for flow stabilization and earnings growth. Management aims for flat to positive flows in 2025, driven by sticky retirement assets, early ETF momentum, and private market expansion. Competitive advantages include strong U.S. retirement system ties, efficient operations, and a research-first culture, supporting long-term performance and stability. Valuation suggests significant upside with a fair value of $125/share, supported by DCF analysis and peer comparisons, offering a 10-12% IRR over 5 years. Read the full article on Seeking AlphaSeeking Alpha • Feb 26
T. Rowe Price: Undervalued, But Uncertainty Lies Ahead
Summary T. Rowe Price stock is a buy due to its potential to thrive amid broad market overvaluation and possible investor shift towards actively managed ETFs. Despite challenges from passive ETFs, TROW's actively managed funds have historically outperformed the broad market, offering higher returns. TROW's current undervaluation, with lower P/E and P/FCF ratios compared to broad market averages, presents a compelling investment opportunity. While financial growth has slowed, TROW's strong fundamentals and potential for future market outperformance justify a bullish outlook. Read the full article on Seeking AlphaSeeking Alpha • Feb 07
T. Rowe Price: Innovator's Dilemma Threatens Its Future
Summary T. Rowe Price's failure to innovate and shift to passive ETFs has led to significant underperformance compared to BlackRock and continuous net outflows. The company's adherence to active investing, despite the growing popularity of passive ETFs, has resulted in a substantial gap in returns and market share. Despite a strong dividend yield and solid financial position, TROW's long-term growth prospects are bleak due to changing investor preferences. The future of TROW looks uncertain as it missed the passive ETF trend and continues to rely on a declining active management industry. Read the full article on Seeking AlphaSeeking Alpha • Jan 16
T. Rowe Price: Value Trap As Active Funds Fail To Deliver
Summary Many investors have shifted to passive investing, leaving traditional active firms like T. Rowe Price struggling with stagnant AUM despite strong stock market performance. Despite a low valuation with a forward P/E of 12X and a 4.4% dividend yield, TROW is likely a value trap because its margins and revenue appear to decline. TROW's inability to grow in favorable market conditions suggests potential losses if market conditions worsen, highlighting the need to expand alternative and international equity offerings. Active management at TROW has shown mixed performance. Recent underperformance has pushed clients toward lower-fee passive funds from Vanguard and Blackrock. T. Rowe's focus on lower-churn insurance and retirement clients makes sense but does not address the core competitive issue in US blue-chip funds. Read the full article on Seeking AlphaSeeking Alpha • Dec 04
T.Rowe Price: Still Time To Grab A 4% Dividend Yield, And Low Leverage
Summary T.Rowe Price gets upgraded to a buy, from my prior hold rating, driven heavily by the 4% dividend yield and expected future earnings growth. The firm has a debt-to-equity of 0, beating key peers on leverage, and has shown a trend of declining LT debt. The stock trades well below its 5-year high, and its forward P/E is undervalued vs key peers. A continuing risk is net outflows of monies, making the firm dependent on market appreciation to drive AUM values further. Read the full article on Seeking AlphaShareholder Returns
| TROW | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 2.9% | 4.1% | 2.2% |
| 1Y | 19.0% | 12.4% | 24.8% |
Return vs Industry: TROW exceeded the US Capital Markets industry which returned 12.4% over the past year.
Return vs Market: TROW underperformed the US Market which returned 24.8% over the past year.
Price Volatility
| TROW volatility | |
|---|---|
| TROW Average Weekly Movement | 2.6% |
| Capital Markets Industry Average Movement | 3.5% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: TROW has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: TROW's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1937 | 7,507 | Rob Sharps | www.troweprice.com |
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.
T. Rowe Price Group, Inc. Fundamentals Summary
| TROW fundamental statistics | |
|---|---|
| Market cap | US$23.27b |
| Earnings (TTM) | US$2.04b |
| Revenue (TTM) | US$7.41b |
11.4x
P/E Ratio3.2x
P/S RatioIs TROW overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TROW income statement (TTM) | |
|---|---|
| Revenue | US$7.41b |
| Cost of Revenue | US$3.56b |
| Gross Profit | US$3.85b |
| Other Expenses | US$1.81b |
| Earnings | US$2.04b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 9.54 |
| Gross Margin | 52.00% |
| Net Profit Margin | 27.59% |
| Debt/Equity Ratio | 0.2% |
How did TROW perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield55%
Payout RatioDoes TROW pay a reliable dividends?
See TROW dividend history and benchmarks| T. Rowe Price Group dividend dates | |
|---|---|
| Ex Dividend Date | Jun 15 2026 |
| Dividend Pay Date | Jun 29 2026 |
| Days until Ex dividend | 2 days |
| Days until Dividend pay date | 12 days |
Does TROW pay a reliable dividends?
See TROW dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/16 21:28 |
| End of Day Share Price | 2026/06/16 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
T. Rowe Price Group, Inc. is covered by 28 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Benjamin Budish | Barclays |
| Roger Freeman | Barclays |