Last $82.25 USD
Change Today +0.28 / 0.34%
Volume 2.0M
TROW On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

t rowe price group inc (TROW) Snapshot

Open
$80.95
Previous Close
$81.97
Day High
$82.32
Day Low
$80.95
52 Week High
07/3/14 - $85.74
52 Week Low
09/6/13 - $69.90
Market Cap
21.6B
Average Volume 10 Days
1.8M
EPS TTM
$3.89
Shares Outstanding
262.7M
EX-Date
09/11/14
P/E TM
21.1x
Dividend
$1.76
Dividend Yield
1.99%
Current Stock Chart for T ROWE PRICE GROUP INC (TROW)

t rowe price group inc (TROW) Details

T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. Through its subsidiaries, it manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches equity, fixed income, and balanced mutual funds for its clients. It invests in the public equity, fixed income, markets across the globe. It also invests in late-stage venture capital transactions with equity investments between $3 million and $5 million. The firm was previously known as T. Rowe Price Associates, Inc. T. Rowe Price Group was founded in 1937 and is based in Baltimore, Maryland with additional offices across North America, Europe, and Asia.

5,692 Employees
Last Reported Date: 04/24/14
Founded in 1937

t rowe price group inc (TROW) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $350.0K
Chairman, Chief Investment Officer, Vice Pres...
Total Annual Compensation: $350.0K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $350.0K
Vice Chairman, Head of Distribution & Client ...
Total Annual Compensation: $350.0K
Head of Global Equities, Vice President and M...
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

t rowe price group inc (TROW) Key Developments

Flipkart Online Services Is Reportedly In Talks To Raise $500 Million

Flipkart Online Services Pvt. Ltd. is in negotiations to raise at least $500 million, an investment round that will prepare the ground for a likely listing in the US in 2015, according to several people aware of the development. These sources, who are not directly involved in the process, said a fund founded by Russian billionaire Yuri Milner is taking the lead drawing in new investors soon after pouring money itself into Flipkart. Among those said to be interested are GIC Pte. Ltd. and T. Rowe Price Group, Inc. (NasdaqGS:TROW). Flipkart declined comment on what it called a market speculation. GIC and T Rowe Price did not reply to questions sent by email, reported Economic Times. General Atlantic LLC and Fidelity Investments are also being spoken of as potential investors in Flipkart. If all the investments come through, Flipkart could end up raising well over $1 billion. As Flipkart readies for an eventual US listing expected in 2015, cofounder Sachin Bansal, has said Nasdaq is a definite possibility.

T. Rowe Price Closes Capital Appreciation Fund to New Investors

T. Rowe Price announced that it closed its Capital Appreciation Fund--along with similar portfolios for institutional clients--for the first time in order to maintain the integrity of the fund's investment strategy and to protect the interests of existing shareholders. While the fund is closed to new investors, additional investments from existing fund shareholders and direct rollovers from qualified retirement plans into new T. Rowe Price IRAs will still be accepted. The Capital Appreciation Fund, which launched in 1986, seeks long term capital appreciation and to provide comparable returns to the S&P 500 Index with less inherent risk than the all-equity index. Typically, the fund invests about 60% of its assets in stocks and the remainder in a diversified mix of bonds and cash reserves. Through this approach, the fund has posted positive absolute returns in every calendar year since its inception except for two (1990 and 2008). The pace of inflows has increased dramatically in recent years. To ensure that additional strong flows do not overwhelm the portfolio manager's ability to meet the fund's investment objectives, the decision was made to close the fund to new investors as of market close on June 30, 2014.

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on September 29, 2014

T. Rowe Price Group, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.44 per share payable on September 29, 2014 to stockholders of record as of the close of business on September 15, 2014.

 

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Industry Analysis

TROW

Industry Average

Valuation TROW Industry Range
Price/Earnings 19.9x
Price/Sales 5.9x
Price/Book 4.3x
Price/Cash Flow 17.9x
TEV/Sales 5.4x
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