TROW Stock - T. Rowe Price Group, Inc.
Unlock GoAI Insights for TROW
Get institutional-grade AI analysis, real-time signals, and deep market intelligence powered by advanced machine learning.
Free 14-day trial • No credit card required
Premium members get real-time SMS alerts
Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $7.09B | $6.46B | $6.49B | $7.67B | $6.21B |
| Gross Profit | $3.68B | $3.21B | $3.57B | $4.68B | $3.59B |
| Gross Margin | 51.9% | 49.6% | 55.0% | 61.0% | 57.8% |
| Operating Income | $2.33B | $1.99B | $2.37B | $3.71B | $2.75B |
| Net Income | $2.10B | $1.79B | $1.56B | $3.08B | $2.37B |
| Net Margin | 29.6% | 27.7% | 24.0% | 40.2% | 38.2% |
| EPS | $9.18 | $7.78 | $6.73 | $13.25 | $10.08 |
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 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 3rd 2025 | BMO Capital Markets | Initiation | Market Perform | $108 |
| September 12th 2024 | Wells Fargo | Initiation | Equal Weight | $109 |
| August 27th 2024 | Barclays | Initiation | Underweight | $99 |
| April 11th 2024 | Keefe Bruyette | Upgrade | Market Perform | $120← $106 |
| April 8th 2024 | TD Cowen | Upgrade | Hold | $114← $92 |
| January 8th 2024 | Wells Fargo | Downgrade | Underweight | $105← $95 |
| January 4th 2024 | TD Cowen | Initiation | Underperform | $88 |
| October 31st 2023 | Citigroup | Upgrade | Neutral | $95← $100 |
| May 19th 2023 | Citigroup | Initiation | Sell | $98 |
| December 15th 2022 | Wells Fargo | Initiation | Equal Weight | $125 |
| October 19th 2022 | Credit Suisse | Initiation | Underperform | $70 |
| July 11th 2022 | UBS | Downgrade | Sell | $88← $138 |
| June 29th 2022 | Keefe Bruyette | Downgrade | Underperform | $107← $122 |
| June 13th 2022 | BMO Capital Markets | Downgrade | Market Perform | $135← $160 |
| April 11th 2022 | Jefferies | Downgrade | Hold | $156 |
Earnings History & Surprises
TROWEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 30, 2026 | — | — | — | — |
Q1 2026 | Feb 4, 2026 | $2.47 | — | — | — |
Q4 2025 | Oct 31, 2025 | $2.54 | $2.81 | +10.6% | ✓ BEAT |
Q3 2025 | Aug 1, 2025 | $2.15 | $2.24 | +4.2% | ✓ BEAT |
Q2 2025 | May 2, 2025 | $2.13 | $2.23 | +4.7% | ✓ BEAT |
Q1 2025 | Feb 5, 2025 | $2.20 | $2.12 | -3.6% | ✗ MISS |
Q4 2024 | Nov 1, 2024 | $2.33 | $2.57 | +10.3% | ✓ BEAT |
Q3 2024 | Jul 26, 2024 | $2.27 | $2.26 | -0.4% | ✗ MISS |
Q2 2024 | Apr 26, 2024 | $2.04 | $2.38 | +16.7% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $1.60 | $1.72 | +7.5% | ✓ BEAT |
Q4 2023 | Oct 27, 2023 | $1.78 | $2.17 | +21.9% | ✓ BEAT |
Q3 2023 | Jul 28, 2023 | $1.73 | $2.02 | +16.8% | ✓ BEAT |
Q2 2023 | May 2, 2023 | $1.64 | $1.69 | +3.0% | ✓ BEAT |
Q1 2023 | Jan 26, 2023 | $1.72 | $1.74 | +1.2% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $1.81 | $1.86 | +2.8% | ✓ BEAT |
Q3 2022 | Jul 28, 2022 | $2.16 | $1.79 | -17.1% | ✗ MISS |
Q2 2022 | Apr 28, 2022 | $2.75 | $2.62 | -4.7% | ✗ MISS |
Q1 2022 | Jan 27, 2022 | $3.14 | $3.17 | +1.0% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $3.30 | $3.27 | -0.9% | ✗ MISS |
Q3 2021 | Jul 29, 2021 | $3.21 | $3.31 | +3.1% | ✓ BEAT |
Latest News
Keefe, Bruyette & Woods Maintains Market Perform on T. Rowe Price Group, Lowers Price Target to $115
📉 NegativeMorgan Stanley Maintains Equal-Weight on T. Rowe Price Group, Raises Price Target to $128
➖ NeutralEvercore ISI Group Maintains In-Line on T. Rowe Price Group, Lowers Price Target to $115
➖ NeutralKeefe, Bruyette & Woods Maintains Market Perform on T. Rowe Price Group, Raises Price Target to $117
➖ NeutralTD Cowen Maintains Hold on T. Rowe Price Group, Raises Price Target to $112
➖ NeutralJP Morgan Maintains Underweight on T. Rowe Price Group, Raises Price Target to $111
➖ NeutralT. Rowe Price COO Kimberly Johnson To Depart In December
➖ NeutralT. Rowe Price Gr Q3 Adj. EPS $2.81 Beats $2.51 Estimate, Sales $1.893B Beat $1.877B Estimate
📈 PositiveMorgan Stanley Maintains Equal-Weight on T. Rowe Price Group, Raises Price Target to $126
➖ NeutralShares of broader financial services stocks are trading higher amid an overall market rebound on hopes of easing US-China trade tensions.
📈 PositiveKeefe, Bruyette & Woods Maintains Market Perform on T. Rowe Price Group, Raises Price Target to $115
➖ NeutralT. Rowe Price Group Reports Preliminary Assets Under Management Of $1.77T And Recorded Net Outflows Of $2.0B For September And $7.9B For The Quarter
➖ NeutralEvercore ISI Group Maintains In-Line on T. Rowe Price Group, Raises Price Target to $118
📈 PositiveMorgan Stanley Maintains Equal-Weight on T. Rowe Price Group, Raises Price Target to $125
➖ NeutralBMO Capital Initiates Coverage On T. Rowe Price Group with Market Perform Rating, Announces Price Target of $108
➖ NeutralB of A Securities Maintains Underperform on T. Rowe Price Group, Raises Price Target to $97
➖ Neutral'Goldman, T. Rowe To Sell Alternative Investments For Retirement Accounts By Year End' - Reuters News
➖ NeutralShares of banking and financial services stocks are trading lower amid overall market weakness following soft August jobs data.
📉 NegativeEvercore ISI Group Maintains In-Line on T. Rowe Price Group, Raises Price Target to $115
➖ NeutralT. Rowe Price shares are trading higher after Goldman Sachs said it intends to invest up to $1B in the company.
📈 PositiveFrequently Asked Questions about TROW
What is TROW's current stock price?
What is the analyst price target for TROW?
What sector is T. Rowe Price Group, Inc. in?
What is TROW's market cap?
Does TROW pay dividends?
Similar Stocks
Financial Services SectorExplore stocks similar to TROW for comparison