T. Rowe Price Group, Inc. (TROW) Stock

About T. Rowe Price Group, Inc.

T. Rowe Price Group, Inc. operates as a publicly traded entity specializing in investment management. The firm extends its financial expertise to a diverse range of clients, including individual investors, institutional organizations, retirement benefit plans, and financial intermediaries. It is responsible for the establishment and ongoing management of both equity and fixed income mutual funds. The company's investment activities encompass public stock and bond markets worldwide. Employing a bottom-up methodology, the firm integrates both fundamental and quantitative analysis, leveraging insights from both internal research capabilities and external sources for its investment decisions. A core tenet of its investment philosophy is socially responsible investing, with a significant emphasis on environmental, social, and governance (ESG) factors. Furthermore, T. Rowe Price engages in late-stage venture capital transactions, typically committing between $3 million and $5 million per investment. Historically, the firm was known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. Established in 1937, its global headquarters are situated in Baltimore, Maryland. The firm maintains a substantial international presence, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; 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.

T. Rowe Price Group, Inc. is led by CEO Robert W. Sharps, employs 8,084 people, headquartered in Baltimore, US, publicly traded since 1986.

T. Rowe Price Group, Inc. (TROW) stock trades at $114.98 with a market capitalization of $24.64B. The stock is valued at a price-to-earnings (P/E) ratio of 11.03, price-to-book of 2.07, price-to-sales of 2.95. Over the past 52 weeks the stock has ranged between $85.22 and $120.77, and currently trades 4.8% below its 52-week high. It pays a dividend yielding 4.97%.

On profitability, T. Rowe Price Group, Inc. generates a return on equity (ROE) of 18.69%, above the typical market average, return on capital employed of 18.16%, an operating margin of 37.18%, a net profit margin of 28.28%.

In its most recent fiscal year, T. Rowe Price Group, Inc. reported annual revenue of $7.3B, net profit of $2.1B, revenue has compounded at 3.3% a year over the last five years, profit at -2.5% a year.

The balance sheet shows a debt-to-equity ratio of 0.04 — a conservative balance sheet with little leverage risk, a current ratio of 5.55, total assets of $14.6B, $3.4B in cash and equivalents.

TROW has an average daily trading volume of 2,120,000 shares, a beta of 1.52 (more volatile than the overall market).

Official website: www.troweprice.com