T. Rowe Price Group Inc. (NASDAQ:TROW)

Stock Price: $110.92

+2.54 (2.34%)

Updated Jun 2, 2023 08:00 PM GMT+0000

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Overview

Financials

Statistics

Profile

Chart

Market Cap	24.91B
Revenue	6.16B
Gross Profit	6.16B
Shares Out	224.57M
EPS (ttm)	6.1
PE Ratio	18.0779
Forward PE	16.3766
Dividend Rate (ttm)	4.7427
Dividend Yield	0.0428

Trading Day	Jun 2
Last Price	$110.92
Previous Close	$108.38
Change ($)	2.54
Change (%)	2.34%
Day's Open	108.65
Day's Range	108.65 - 111.51
Day's Volume	1.35M
52 Week Range	91.52 - 131.75

About T. Rowe Price Group Inc.

t. rowe price (trow) is an independent investment management firm with an unyielding focus on helping investors around the world achieve their long-term goals.

headquartered in baltimore, we provide a broad array of mutual funds, subadvisory services, separate account management, and related services for individuals, institutions, retirement plan sponsors, and financial intermediaries. our approach to managing investments is rooted in our own fundamental research, distinguished by discipline, and carried out by experienced professionals.

the investment products (including the t. rowe price mutual funds) or services referred to on this profile may be offered only to persons in the united states.

this profile should not be considered a solicitation or offering of any investment products or services to investors residing outside the united states t. rowe price investment services, inc.

News

T. Rowe Price Group diversifying investments through a $4.2 billion deal October 28, 2021

Quick info

Country

United States

Industry

Investment Advice

Sector

Finance and Insurance

Employees

7,868

CEO

William Stromberg

Address

P.O. Box 89000
100 East Pratt Street
Baltimore
Maryland
21289-0320

Phone

14103452000

Website

troweprice.com

Ticker Symbol

TROW

Exchange

NASDAQ Stock Exchange

Reporting Currency

USD

T. Rowe Price Group Inc. income statements (2020) (USD)

	September 2020	June 2020	March 2020	March 2020
Total Revenue	1.60B	1.42B	1.46B	1.46B
Cost of Revenue	234.50M	236.20M	230.50M	230.50M
Gross Profit	1.36B	1.18B	1.23B	1.23B
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	248.70M	249.60M	255.40M	255.40M
Operating Income	797.80M	727M	533M	533M
Other Income Expense Net	122.70M	241.80M	-326.1M	-326.1M
EBIT	797.80M	727M	533M	533M
Interest Income	N.A	N.A	N.A	N.A
Pretax Income	0.92B	0.97B	206.90M	206.90M
Income Tax	221.90M	240.30M	40.30M	40.30M
Minority Interest	55.40M	125.50M	-176.5M	-176.5M
Net Income	625.30M	586.20M	333.70M	333.70M
Net Income Basic	625.30M	586.20M	333.70M	333.70M

T. Rowe Price Group Inc. income statements (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Total Revenue	1.47B	1.43B	1.40B	1.33B
Cost of Revenue	263.20M	223.40M	216.30M	225.50M
Gross Profit	1.21B	1.20B	1.18B	1.10B
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	301.50M	240.50M	236.10M	247.10M
Operating Income	627M	664.10M	653.80M	611.10M
Other Income Expense Net	123.30M	38M	85.80M	124.20M
EBIT	627M	664.10M	653.80M	611.10M
Interest Income	N.A	N.A	N.A	N.A
Pretax Income	750.30M	702.10M	739.60M	735.30M
Income Tax	156.40M	157M	183.70M	181.30M
Minority Interest	48.60M	-800K	28.40M	41.40M
Net Income	530.70M	532M	513.70M	499.60M
Net Income Basic	530.70M	532M	513.70M	499.60M

T. Rowe Price Group Inc. income statements (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Total Revenue	1.31B	1.39B	1.35B	1.33B
Cost of Revenue	229.70M	223.20M	219.90M	221M
Gross Profit	1.08B	1.17B	1.13B	1.11B
Research & Development	N.A	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A	N.A
Operating Expense	265.50M	243.40M	238.90M	245.60M
Operating Income	474.80M	654M	589M	583.80M
Other Income Expense Net	-84.4M	111.50M	39.80M	16.10M
EBIT	474.80M	654M	589M	583.80M
Interest Income	N.A	N.A	N.A	N.A
Pretax Income	390.40M	765.50M	628.80M	599.90M
Income Tax	118.40M	183.90M	169.20M	144.40M
Minority Interest	-79.9M	-1.4M	10.70M	1.80M
Net Income	343.10M	569.30M	438.40M	443.10M
Net Income Basic	343.10M	569.30M	438.40M	443.10M

T. Rowe Price Group Inc. income statements (2017) (USD)

	December 2017	September 2017	June 2017
Total Revenue	1.29B	1.22B	1.20B
Cost of Revenue	221.30M	192.80M	194.80M
Gross Profit	1.07B	1.03B	1.01B
Research & Development	N.A	N.A	N.A
Selling General & Admin	N.A	N.A	N.A
Operating Expense	255.10M	206.80M	213.40M
Operating Income	548.80M	562M	569.90M
Other Income Expense Net	84.20M	53.80M	49.70M
EBIT	548.80M	562M	569.90M
Interest Income	N.A	N.A	N.A
Pretax Income	633M	615.80M	619.60M
Income Tax	246.40M	211.60M	229.60M
Minority Interest	39.50M	13.30M	16.10M
Net Income	339.20M	382.10M	365.40M
Net Income Basic	339.20M	382.10M	365.40M

T. Rowe Price Group Inc. balance sheet (2023) (USD)

	February 2023
Current Cash	0
Receivables	748.70M
Inventory	0
Current Assets	3.92B
Other Current Assets	0
Short Term Investments	1.41B
Long Term Investments	7.73B
Property/Plant Equipment	755.70M
Good Will	N.A
Intangible Assets	629.80M
Tangible Assets (Net)	5.57B
Other Assets	2.29B
Total Assets	11.64B
Accounts Payable	0
Other Current Liabilities	1.54B
Total Current Liabilities	1.54B
Total Liabilities	2.80B
Long Term Debt	0
Current Long Term Debt	0
Minority Interest	847.40M
Common Stock	223.80M
Treasury Stock	0
Retained Earnings	8.41B
Capital Surplus	N.A
Shareholder Equity	8.84B
Other Liabilities	N.A

T. Rowe Price Group Inc. balance sheet (2020) (USD)

	September 2020	June 2020	March 2020	March 2020
Current Cash	2.23B	2.06B	1.56B	1.56B
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	N.A	N.A	N.A	N.A
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	5.47B	5.06B	4.76B	4.76B
Property/Plant Equipment	821.10M	816.90M	812.80M	812.80M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	N.A	N.A	N.A	N.A
Tangible Assets (Net)	6.46B	6.09B	5.77B	5.77B
Other Assets	504.50M	464.50M	466.10M	466.10M
Total Assets	10.13B	9.48B	8.64B	8.64B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	N.A	N.A	N.A	N.A
Total Current Liabilities	N.A	N.A	N.A	N.A
Total Liabilities	1.67B	1.64B	1.23B	1.23B
Long Term Debt	175.30M	166.40M	172.60M	172.60M
Current Long Term Debt	N.A	N.A	N.A	N.A
Minority Interest	55.40M	125.50M	-176.5M	-176.5M
Common Stock	226.38M	226.99M	227.99M	227.99M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	6.47B	6.10B	5.78B	5.78B
Capital Surplus	654.60M	654.60M	654.60M	654.60M
Shareholder Equity	7.13B	6.75B	6.43B	6.43B
Other Liabilities	N.A	N.A	N.A	N.A

T. Rowe Price Group Inc. balance sheet (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Current Cash	1.78B	2.21B	1.80B	1.66B
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	N.A	N.A	N.A	N.A
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	5.22B	4.85B	4.78B	4.48B
Property/Plant Equipment	785.20M	790.10M	792.10M	794.40M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	N.A	N.A	N.A	N.A
Tangible Assets (Net)	6.44B	6.17B	5.91B	5.65B
Other Assets	347.30M	470.20M	472.60M	467.10M
Total Assets	9.53B	9.40B	8.91B	8.46B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	N.A	N.A	N.A	N.A
Total Current Liabilities	N.A	N.A	N.A	N.A
Total Liabilities	1.31B	1.46B	1.32B	1.26B
Long Term Debt	119.70M	139.60M	141.50M	140.30M
Current Long Term Debt	N.A	N.A	N.A	N.A
Minority Interest	48.60M	-800K	28.40M	41.40M
Common Stock	235.21M	234.70M	235.52M	236.43M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	6.44B	6.19B	5.92B	5.65B
Capital Surplus	654.60M	654.60M	654.60M	654.50M
Shareholder Equity	7.10B	6.84B	6.58B	6.31B
Other Liabilities	N.A	N.A	N.A	N.A

T. Rowe Price Group Inc. balance sheet (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Current Cash	1.43B	2.09B	1.48B	1.68B
Receivables	N.A	N.A	N.A	N.A
Inventory	N.A	N.A	N.A	N.A
Current Assets	N.A	N.A	N.A	N.A
Other Current Assets	N.A	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A	N.A
Long Term Investments	4.13B	4.33B	4.32B	3.61B
Property/Plant Equipment	661.30M	657M	655.20M	650.20M
Good Will	N.A	N.A	N.A	N.A
Intangible Assets	N.A	N.A	N.A	N.A
Tangible Assets (Net)	5.46B	5.79B	5.45B	5.24B
Other Assets	316.70M	404.50M	383.80M	382.30M
Total Assets	7.79B	8.53B	7.88B	7.37B
Accounts Payable	N.A	N.A	N.A	N.A
Other Current Liabilities	N.A	N.A	N.A	N.A
Total Current Liabilities	N.A	N.A	N.A	N.A
Total Liabilities	0.92B	1.21B	1.03B	0.93B
Long Term Debt	N.A	N.A	N.A	N.A
Current Long Term Debt	N.A	N.A	N.A	N.A
Minority Interest	-79.9M	-1.4M	10.70M	1.80M
Common Stock	238.07M	242.60M	243.18M	243.28M
Treasury Stock	N.A	N.A	N.A	N.A
Retained Earnings	5.46B	5.79B	5.44B	5.21B
Capital Surplus	654.60M	654.50M	654.60M	654.60M
Shareholder Equity	6.12B	6.46B	6.11B	5.90B
Other Liabilities	N.A	N.A	N.A	N.A

T. Rowe Price Group Inc. balance sheet (2017) (USD)

	December 2017	September 2017	June 2017
Current Cash	1.90B	1.87B	1.54B
Receivables	N.A	N.A	N.A
Inventory	N.A	N.A	N.A
Current Assets	N.A	N.A	N.A
Other Current Assets	N.A	N.A	N.A
Short Term Investments	N.A	N.A	N.A
Long Term Investments	3.53B	3.44B	2.94B
Property/Plant Equipment	652M	635M	624.30M
Good Will	N.A	N.A	N.A
Intangible Assets	N.A	N.A	N.A
Tangible Assets (Net)	5.16B	4.86B	4.50B
Other Assets	309.80M	435.70M	442M
Total Assets	7.65B	7.38B	6.53B
Accounts Payable	N.A	N.A	N.A
Other Current Liabilities	N.A	N.A	N.A
Total Current Liabilities	N.A	N.A	N.A
Total Liabilities	828.70M	897.80M	736.40M
Long Term Debt	N.A	N.A	N.A
Current Long Term Debt	N.A	N.A	N.A
Minority Interest	39.50M	13.30M	16.10M
Common Stock	245.11M	242.21M	240.26M
Treasury Stock	N.A	N.A	N.A
Retained Earnings	4.93B	4.73B	4.48B
Capital Surplus	846.10M	751.90M	654.50M
Shareholder Equity	5.82B	5.53B	5.17B
Other Liabilities	N.A	N.A	N.A

T. Rowe Price Group Inc. cash flow (2023) (USD)

	February 2023
Net Income	259.50M
Depreciation	59.70M
Changes in Receivables	748.70M
Changes in Inventories	0
Cash Change	1.76B
Cash Flow	-135.2M
Capital Expenditures	-60.4M
Investments	N.A
Investing Activity (other)	N.A
Total Investing Cash Flows	28M
Dividends Paid	N.A
Net Borrowings	-1.41B
Other Financing Cash Flows	N.A
Cash Flow Financing	-460.2M
Exchange Rate Effect	N.A

T. Rowe Price Group Inc. cash flow (2020) (USD)

	September 2020	June 2020	March 2020
Net Income	625.30M	586.20M	333.70M
Depreciation	49.70M	48.20M	46.10M
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	123.30M	502.80M	-178.2M
Cash Flow	676.90M	1.05B	562M
Capital Expenditures	-50.1M	-59.3M	-46M
Investments	-108.1M	46.20M	132.30M
Investing Activity (other)	N.A	N.A	N.A
Total Investing Cash Flows	-245.2M	-208.5M	329.40M
Dividends Paid	-210M	-210.5M	-215.2M
Net Borrowings	N.A	N.A	N.A
Other Financing Cash Flows	N.A	N.A	N.A
Cash Flow Financing	-319.2M	-330.4M	-1.07B
Exchange Rate Effect	10.80M	-6.2M	-1.2M

T. Rowe Price Group Inc. cash flow (2019) (USD)

	December 2019	September 2019	June 2019	March 2019
Net Income	530.70M	532M	513.70M	499.60M
Depreciation	59.10M	45.70M	44.10M	41.90M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-435.8M	381M	179.60M	238.20M
Cash Flow	370.30M	797.20M	631M	781.10M
Capital Expenditures	-55.7M	-54.4M	-46.8M	-47.7M
Investments	-397M	-40.4M	-85.6M	-118.5M
Investing Activity (other)	N.A	N.A	600K	-600K
Total Investing Cash Flows	-459.5M	-96.1M	-131.9M	-170.2M
Dividends Paid	-183.5M	-182.6M	-183.2M	-184.6M
Net Borrowings	N.A	N.A	N.A	N.A
Other Financing Cash Flows	N.A	N.A	N.A	N.A
Cash Flow Financing	-346.3M	-318.3M	-319.8M	-372M
Exchange Rate Effect	-300K	-1.8M	300K	-700K

T. Rowe Price Group Inc. cash flow (2018) (USD)

	December 2018	September 2018	June 2018	March 2018
Net Income	343.10M	569.30M	438.40M	443.10M
Depreciation	44.60M	40.20M	37.80M	36.90M
Changes in Receivables	N.A	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A	N.A
Cash Change	-701M	600M	-169.9M	-239.6M
Cash Flow	107.30M	729M	626.80M	723.30M
Capital Expenditures	-47M	-42.9M	-41.9M	-36.7M
Investments	13.90M	72.10M	-515.3M	-438.4M
Investing Activity (other)	N.A	N.A	47.70M	-47.7M
Total Investing Cash Flows	-34.7M	109.90M	-502.5M	-544.3M
Dividends Paid	-172M	-173.6M	-173.9M	-174.8M
Net Borrowings	N.A	N.A	N.A	N.A
Other Financing Cash Flows	N.A	N.A	N.A	N.A
Cash Flow Financing	-760.6M	-243.1M	-286.3M	-419.9M
Exchange Rate Effect	-13M	4.20M	-7.9M	1.30M

T. Rowe Price Group Inc. cash flow (2017) (USD)

	December 2017	September 2017	June 2017
Net Income	339.20M	382.10M	365.40M
Depreciation	36.70M	35M	36.30M
Changes in Receivables	N.A	N.A	N.A
Changes in Inventories	N.A	N.A	N.A
Cash Change	29.60M	360.30M	-15.1M
Cash Flow	248.70M	622.10M	315.40M
Capital Expenditures	-57M	-46.5M	-35.7M
Investments	-55.9M	-135.9M	-28.2M
Investing Activity (other)	-1M	-600K	-26.6M
Total Investing Cash Flows	-132.1M	-183.1M	-89.9M
Dividends Paid	-142.3M	-140.4M	-139.5M
Net Borrowings	N.A	N.A	N.A
Other Financing Cash Flows	N.A	N.A	N.A
Cash Flow Financing	-85.4M	-81.8M	-247.8M
Exchange Rate Effect	-1.6M	3.10M	7.20M

T. Rowe Price Group Inc. dividends (USD)

Ex date	Payment date	Record date	Declared date	Amount	Description	Frequency
14-03-2023	30-03-2023	15-03-2023	N.A	1.22	Ordinary Shares	Quarterly
15-12-2022	29-12-2022	16-12-2022	N.A	1.20	Ordinary Shares	Quarterly
14-09-2022	29-09-2022	15-09-2022	N.A	1.20	Ordinary Shares	Quarterly
14-06-2022	29-06-2022	15-06-2022	N.A	1.20	Ordinary Shares	Quarterly
14-09-2021	29-09-2021	15-09-2021	N.A	1.08	Ordinary Shares	Quarterly
14-12-2020	30-12-2020	15-12-2020	N.A	0.90	Ordinary Shares	Quarterly
14-09-2020	29-09-2020	15-09-2020	N.A	0.90	Ordinary Shares	Quarterly
12-06-2020	30-06-2020	15-06-2020	N.A	0.90	Ordinary Shares	Quarterly
13-03-2020	29-03-2020	16-03-2020	N.A	0.90	Ordinary Shares	Quarterly
13-12-2019	30-12-2019	16-12-2019	N.A	0.76	Ordinary Shares	Quarterly
11-09-2019	26-09-2019	12-09-2019	N.A	0.76	Ordinary Shares	Quarterly
12-06-2019	27-06-2019	13-06-2019	N.A	0.76	Ordinary Shares	Quarterly
14-03-2019	29-03-2019	15-03-2019	N.A	0.76	Ordinary Shares	Quarterly
13-12-2018	28-12-2018	14-12-2018	N.A	0.70	Ordinary Shares	Quarterly
12-09-2018	27-09-2018	13-09-2018	N.A	0.70	Ordinary Shares	Quarterly
13-06-2018	28-06-2018	14-06-2018	N.A	0.70	Ordinary Shares	Quarterly
14-03-2018	28-03-2018	15-03-2018	N.A	0.70	Ordinary Shares	Quarterly
13-12-2017	28-12-2017	14-12-2017	N.A	0.57	Ordinary Shares	Quarterly
12-09-2017	27-09-2017	13-09-2017	N.A	0.57	Ordinary Shares	Quarterly
12-06-2017	28-06-2017	14-06-2017	N.A	0.57	Ordinary Shares	Quarterly
14-03-2017	29-03-2017	16-03-2017	N.A	0.57	Ordinary Shares	Quarterly
13-12-2016	29-12-2016	15-12-2016	N.A	0.54	Ordinary Shares	Quarterly
12-09-2016	28-09-2016	14-09-2016	N.A	0.54	Ordinary Shares	Quarterly
12-06-2016	28-06-2016	14-06-2016	N.A	0.54	Ordinary Shares	Quarterly
14-03-2016	29-03-2016	16-03-2016	N.A	0.54	Ordinary Shares	Quarterly
14-12-2015	30-12-2015	16-12-2015	N.A	0.52	Ordinary Shares	Quarterly
10-09-2015	28-09-2015	14-09-2015	N.A	0.52	Ordinary Shares	Quarterly
10-06-2015	28-06-2015	14-06-2015	N.A	0.52	Ordinary Shares	Quarterly