Symbols / TROW Stock $105.33 +1.68% T. Rowe Price Group, Inc.

Financial Services • Asset Management • United States • NMS
TROW (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. Robert W. Sharps C.F.A., CPA
Exch · Country NMS · United States
Market Cap 22.57B
Enterprise Value 20.40B
Income 2.04B
Sales 7.41B
FCF (ttm) 1.88B
Book/sh 49.69
Cash/sh 17.41
Employees 7,507
Insider 10d —
IPO Apr 02, 1986
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 54.83%
P/E 11.30
Forward P/E 10.97
PEG 13.38
P/S 3.05
P/B 2.12
P/C —
EV/EBITDA 6.96
EV/Sales 2.75
Quick Ratio 5.54
Current Ratio 5.54
Debt/Eq 3.87
LT Debt/Eq —
EPS (ttm) 9.32
EPS next Y 9.60
EPS Growth 3.70%
Revenue Growth 5.30%
EPS Gr Q/Q 1.60%
Rev Gr Q/Q —
Earnings (next) 2026-07-31
Earnings (prior) 2026-04-30
ROA 10.85%
ROE 18.69%
ROIC —
Gross Margin 52.00%
Oper. Margin 37.18%
Profit Margin 28.28%
Shs Outstand 214.27M
Shs Float 209.97M
Insider Own 1.80%
Instit Own 91.42%
Short Float 13.07%
Short Ratio 8.93
Short Interest 24.23M
52W High 118.22
vs 52W High -10.90%
52W Low 85.22
vs 52W Low 23.60%
Beta 1.53
Impl. Vol. 25.72%
Rel Volume 0.63
Avg Volume 2.35M
Volume 1.48M
Target (mean) $97.67
Tgt Median $101.00
Tgt Low $75.00
Tgt High $110.00
# Analysts 12
Recom Hold
Prev Close $103.59
Price $105.33
Change 1.68%
About

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 North America, Europe, Asia, Australia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$97.67
Mean price target
2. Current target
$105.33
Latest analyst target
3. DCF / Fair value
$157.96
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$105.33
Low
$75.00
High
$110.00
Mean
$97.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-05-01 main TD Cowen Hold → Hold $94
2026-05-01 main Barclays Underweight → Underweight $89
2026-05-01 main Keefe, Bruyette & Woods Market Perform → Market Perform $107
2026-05-01 main Evercore ISI Group In-Line → In-Line $104
2026-04-24 main JP Morgan Underweight → Underweight $103
2026-04-17 main Barclays Underweight → Underweight $87
2026-04-10 main Evercore ISI Group In-Line → In-Line $96
2026-04-10 main BMO Capital Market Perform → Market Perform $98
2026-04-08 main Keefe, Bruyette & Woods Market Perform → Market Perform $95
2026-04-07 main Goldman Sachs Sell → Sell $80
2026-04-01 main Morgan Stanley Equal-Weight → Equal-Weight $107
2026-02-10 main Morgan Stanley Equal-Weight → Equal-Weight $115
2026-02-05 main JP Morgan Underweight → Underweight $106
2026-02-05 main TD Cowen Hold → Hold $97
2026-02-05 main Evercore ISI Group In-Line → In-Line $106
2026-02-05 main Keefe, Bruyette & Woods Market Perform → Market Perform $110
2026-02-03 main Morgan Stanley Equal-Weight → Equal-Weight $123
2026-01-20 main JP Morgan Underweight → Underweight $108
2026-01-15 main Barclays Underweight → Underweight $101
2026-01-14 main TD Cowen Hold → Hold $109
News
RSS: Latest TROW news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-30 DONNELLY WILLIAM P Director — 152 $89.03 $13,539
2026-03-30 WIJNBERG SANDRA S Director — 187 $89.03 $16,673
2026-03-30 DUBLON DINA Director — 137 $89.03 $12,268
2026-03-30 SMITH CYNTHIA F Director — 61 $89.03 $5,448
2026-03-30 MACLELLAN ROBERT FRANCIS Director — 206 $89.03 $18,372
2026-03-30 GOLSTON ALLAN C Director — 42 $89.03 $3,762
2026-03-30 STEVENS ROBERT J Director — 324 $89.03 $28,871
2026-03-30 WILSON ALAN D Director — 557 $89.03 $49,670
2026-03-30 VERMA RICHARD R Director — 42 $89.03 $3,762
2026-02-26 MACLELLAN ROBERT FRANCIS Director — 4,417 $74.14 $327,480
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
7,314.80
+3.12%
7,093.60
+9.80%
6,460.50
-0.43%
6,488.40
Operating Revenue
7,314.80
+3.12%
7,093.60
+9.80%
6,460.50
-0.43%
6,488.40
Cost Of Revenue
3,564.50
+4.55%
3,409.50
+4.77%
3,254.40
+11.36%
2,922.40
Reconciled Cost Of Revenue
3,564.50
+4.55%
3,409.50
+4.77%
3,254.40
+11.36%
2,922.40
Gross Profit
3,750.30
+1.80%
3,684.10
+14.91%
3,206.10
-10.09%
3,566.00
Operating Expense
1,272.90
+5.42%
1,207.50
+3.37%
1,168.10
+9.17%
1,070.00
Selling General And Administration
1,272.90
+5.42%
1,207.50
+3.37%
1,168.10
+9.17%
1,070.00
Selling And Marketing Expense
107.40
-17.13%
129.60
+13.49%
114.20
+17.37%
97.30
General And Administrative Expense
1,165.50
+8.13%
1,077.90
+2.28%
1,053.90
+8.35%
972.70
Other Gand A
441.90
+1.87%
433.80
+2.97%
421.30
+2.21%
412.20
Total Expenses
4,837.40
+4.77%
4,617.00
+4.40%
4,422.50
+10.77%
3,992.40
Operating Income
2,477.40
+0.03%
2,476.60
+21.52%
2,038.00
-18.35%
2,496.00
Total Operating Income As Reported
2,188.80
-6.19%
2,333.30
+17.48%
1,986.20
-16.32%
2,373.70
EBITDA
3,082.90
+3.43%
2,980.80
+18.30%
2,519.60
-19.80%
3,141.80
Normalized EBITDA
2,686.70
+2.13%
2,630.60
+28.22%
2,051.60
-44.13%
3,672.30
Reconciled Depreciation
605.50
+20.09%
504.20
+4.69%
481.60
-25.43%
645.80
EBIT
2,477.40
+0.03%
2,476.60
+21.52%
2,038.00
-18.35%
2,496.00
Total Unusual Items
396.20
+13.14%
350.20
-25.17%
468.00
+188.22%
-530.50
Total Unusual Items Excluding Goodwill
396.20
+13.14%
350.20
-25.17%
468.00
+188.22%
-530.50
Special Income Charges
-288.60
-101.40%
-143.30
-176.64%
-51.80
+57.65%
-122.30
Restructuring And Mergern Acquisition
288.60
+101.40%
143.30
+176.64%
51.80
-57.65%
122.30
Net Income
2,087.10
-0.62%
2,100.10
+17.41%
1,788.70
+14.81%
1,557.90
Pretax Income
2,875.50
+1.98%
2,819.60
+13.22%
2,490.30
+27.83%
1,948.20
Other Income Expense
398.10
+16.06%
343.00
-24.17%
452.30
+182.57%
-547.80
Other Non Operating Income Expenses
1.90
+126.39%
-7.20
+54.14%
-15.70
+9.25%
-17.30
Gain On Sale Of Security
684.80
+38.76%
493.50
-5.06%
519.80
+227.34%
-408.20
Tax Provision
667.20
-2.43%
683.80
+4.46%
654.60
+31.29%
498.60
Tax Rate For Calcs
0.00
-4.32%
0.00
-7.79%
0.00
+2.73%
0.00
Tax Effect Of Unusual Items
91.93
+8.24%
84.93
-31.00%
123.08
+190.63%
-135.81
Net Income Including Noncontrolling Interests
2,208.30
+3.39%
2,135.80
+16.35%
1,835.70
+26.63%
1,449.60
Net Income From Continuing Operation Net Minority Interest
2,087.10
-0.62%
2,100.10
+17.41%
1,788.70
+14.81%
1,557.90
Net Income From Continuing And Discontinued Operation
2,087.10
-0.62%
2,100.10
+17.41%
1,788.70
+14.81%
1,557.90
Net Income Continuous Operations
2,208.30
+3.39%
2,135.80
+16.35%
1,835.70
+26.63%
1,449.60
Minority Interests
-121.20
-239.50%
-35.70
+24.04%
-47.00
-143.40%
108.30
Normalized Income
1,782.83
-2.83%
1,834.83
+27.08%
1,443.78
-26.06%
1,952.59
Net Income Common Stockholders
2,036.50
-0.38%
2,044.30
+17.20%
1,744.30
+14.62%
1,521.80
Otherunder Preferred Stock Dividend
50.60
-9.32%
55.80
+25.68%
44.40
+22.99%
36.10
Diluted EPS
9.24
+0.98%
9.15
+17.91%
7.76
+15.82%
6.70
Basic EPS
9.26
+0.87%
9.18
+17.99%
7.78
+15.60%
6.73
Basic Average Shares
220.00
-1.26%
222.80
-0.58%
224.10
-0.84%
226.00
Diluted Average Shares
220.30
-1.34%
223.30
-0.67%
224.80
-1.01%
227.10
Diluted NI Availto Com Stockholders
2,036.50
-0.38%
2,044.30
+17.20%
1,744.30
+14.62%
1,521.80
Rent And Landing Fees
723.60
+12.34%
644.10
+1.82%
632.60
+12.86%
560.50
Rent Expense Supplemental
723.60
+12.34%
644.10
+1.82%
632.60
+12.86%
560.50
Line Item Trend 2023-12-31
Total Assets
12,278.80
Current Assets
2,874.50
Cash Cash Equivalents And Short Term Investments
2,066.60
Cash And Cash Equivalents
2,066.60
Receivables
807.90
Accounts Receivable
807.90
Total Non Current Assets
9,404.30
Net PPE
1,047.70
Gross PPE
2,723.50
Accumulated Depreciation
-1,675.80
Properties
0.00
Land And Improvements
25.70
Buildings And Improvements
490.70
Machinery Furniture Equipment
1,705.10
Other Properties
241.10
Leases
260.90
Goodwill And Other Intangible Assets
3,150.10
Goodwill
2,642.80
Other Intangible Assets
507.30
Investments And Advances
3,707.40
Long Term Equity Investment
1,057.40
Other Investments
2,037.40
Other Non Current Assets
692.50
Total Liabilities Net Minority Interest
1,987.60
Current Liabilities
489.10
Payables And Accrued Expenses
489.10
Payables
489.10
Accounts Payable
422.90
Employee Benefits
240.80
Total Tax Payable
66.20
Income Tax Payable
66.20
Total Non Current Liabilities Net Minority Interest
1,498.50
Long Term Debt And Capital Lease Obligation
308.50
Long Term Capital Lease Obligation
308.50
Non Current Deferred Liabilities
895.00
Other Non Current Liabilities
54.20
Stockholders Equity
9,505.10
Common Stock Equity
9,505.10
Capital Stock
44.80
Common Stock
44.80
Preferred Stock
0.00
Share Issued
223.94
Ordinary Shares Number
223.94
Treasury Shares Number
0.00
Additional Paid In Capital
431.70
Retained Earnings
9,076.10
Gains Losses Not Affecting Retained Earnings
-47.50
Minority Interest
786.10
Other Equity Adjustments
-47.50
Total Equity Gross Minority Interest
10,291.20
Total Capitalization
9,505.10
Working Capital
2,385.40
Invested Capital
9,505.10
Total Debt
308.50
Capital Lease Obligations
308.50
Net Tangible Assets
6,355.00
Tangible Book Value
6,355.00
Available For Sale Securities
494.20
Financial Assets
806.60
Held To Maturity Securities
118.40
Investmentin Financial Assets
612.60
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,753.40
+4.02%
1,685.60
+38.27%
1,219.10
-48.33%
2,359.40
Cash Flow From Continuing Operating Activities
1,753.40
+4.02%
1,685.60
+38.27%
1,219.10
-48.33%
2,359.40
Net Income From Continuing Operations
2,208.30
+3.39%
2,135.80
+16.35%
1,835.70
+26.63%
1,449.60
Depreciation Amortization Depletion
605.50
+20.09%
504.20
+4.69%
481.60
-25.43%
645.80
Depreciation
405.80
+59.70%
254.10
-0.27%
254.80
+12.89%
225.70
Amortization Cash Flow
199.70
-20.15%
250.10
+10.27%
226.80
-46.01%
420.10
Depreciation And Amortization
605.50
+20.09%
504.20
+4.69%
481.60
-25.43%
645.80
Amortization Of Intangibles
199.70
-20.15%
250.10
+10.27%
226.80
-46.01%
420.10
Other Non Cash Items
8.00
+107.50%
-106.60
-305.32%
-26.30
+85.39%
-180.00
Stock Based Compensation
216.90
-12.29%
247.30
-6.89%
265.60
-6.94%
285.40
Operating Gains Losses
-452.40
-32.98%
-340.20
+26.17%
-460.80
-318.80%
210.60
Gain Loss On Investment Securities
-452.40
-32.98%
-340.20
+26.17%
-460.80
-318.80%
210.60
Unrealized Gain Loss On Investment Securities
-1,002.70
-31.86%
-760.40
+28.95%
-1,070.30
-1317.63%
87.90
Change In Working Capital
169.80
+2987.27%
5.50
-97.16%
193.60
+238.38%
-139.90
Change In Other Working Capital
169.80
+2987.27%
5.50
-97.16%
193.60
+238.38%
-139.90
Investing Cash Flow
230.30
+229.75%
-177.50
-238.46%
128.20
+408.92%
-41.50
Cash Flow From Continuing Investing Activities
230.30
+229.75%
-177.50
-238.46%
128.20
+408.92%
-41.50
Net PPE Purchase And Sale
-274.20
+35.24%
-423.40
-37.51%
-307.90
-29.59%
-237.60
Purchase Of PPE
-274.20
+35.24%
-423.40
-37.51%
-307.90
-29.59%
-237.60
Capital Expenditure
-274.20
+35.24%
-423.40
-37.51%
-307.90
-29.59%
-237.60
Net Investment Purchase And Sale
593.10
+42.06%
417.50
-12.01%
474.50
+137.49%
199.80
Purchase Of Investment
-176.00
-51.86%
-115.90
+18.44%
-142.10
-122.73%
-63.80
Sale Of Investment
769.10
+44.19%
533.40
-13.49%
616.60
+133.92%
263.60
Net Business Purchase And Sale
—
—
0.00
0.00
Purchase Of Business
—
—
0.00
0.00
Net Other Investing Changes
-88.60
+48.37%
-171.60
-346.88%
-38.40
-937.84%
-3.70
Financing Cash Flow
-1,277.40
-36.39%
-936.60
+13.17%
-1,078.60
+48.07%
-2,076.90
Cash Flow From Continuing Financing Activities
-1,277.40
-36.39%
-936.60
+13.17%
-1,078.60
+48.07%
-2,076.90
Net Common Stock Issuance
-620.90
-84.13%
-337.20
-32.55%
-254.40
+70.06%
-849.80
Common Stock Payments
-620.90
-84.13%
-337.20
-32.55%
-254.40
+70.06%
-849.80
Common Stock Dividend Paid
-1,143.00
-0.65%
-1,135.60
-1.24%
-1,121.70
-1.29%
-1,107.40
Cash Dividends Paid
-1,143.00
-0.65%
-1,135.60
-1.24%
-1,121.70
-1.29%
-1,107.40
Repurchase Of Capital Stock
-620.90
-84.13%
-337.20
-32.55%
-254.40
+70.06%
-849.80
Proceeds From Stock Option Exercised
-22.30
+33.03%
-33.30
-85.00%
-18.00
+50.28%
-36.20
Net Other Financing Charges
508.80
-10.66%
569.50
+80.51%
315.50
+477.84%
-83.50
Changes In Cash
706.30
+23.59%
571.50
+112.69%
268.70
+11.49%
241.00
Effect Of Exchange Rate Changes
-1.90
+20.83%
-2.40
-700.00%
0.40
-95.79%
9.50
Beginning Cash Position
2,712.90
+26.55%
2,143.80
+14.35%
1,874.70
+15.42%
1,624.20
End Cash Position
3,417.30
+25.96%
2,712.90
+26.55%
2,143.80
+14.35%
1,874.70
Free Cash Flow
1,479.20
+17.19%
1,262.20
+38.52%
911.20
-57.06%
2,121.80
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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