Last $80.63 USD
Change Today +0.29 / 0.36%
Volume 1.7M
TROW On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

t rowe price group inc (TROW) Snapshot

Open
$80.51
Previous Close
$80.34
Day High
$80.98
Day Low
$80.33
52 Week High
04/3/14 - $84.73
52 Week Low
09/6/13 - $69.90
Market Cap
21.2B
Average Volume 10 Days
1.8M
EPS TTM
$3.74
Shares Outstanding
262.6M
EX-Date
03/12/14
P/E TM
21.6x
Dividend
$1.76
Dividend Yield
1.96%
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.

5,668 Employees
Last Reported Date: 02/4/14
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 S...
Total Annual Compensation: $350.0K
Head of Global Equities and Vice President
Total Annual Compensation: $350.0K
Compensation as of Fiscal Year 2013.

t rowe price group inc (TROW) Key Developments

T. Rowe Price Group Declares Quarterly Dividend, Payable on March 28, 2014

T. Rowe Price Group, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.44 per share payable March 28, 2014 to stockholders of record as of the close of business on March 14, 2014. The quarterly dividend rate represents a 16% increase over the previous quarterly dividend rate of $0.38 per share.

Columbia Property Trust Renews and Extends Lease of T. Rowe Price at 100 East Pratt Street in Baltimore to 2027

Columbia Property Trust, Inc. announced that it has finalized a renewal and extension of T. Rowe Price Associates' lease at 100 East Pratt Street in Baltimore through 2027. T. Rowe Price, which serves as the anchor tenant for the iconic Baltimore property and has approximately 1,300 employees on-site at its worldwide headquarters, will continue to occupy a ground floor Investor Center and 12 floors totaling 424,877 square feet. Columbia Property Trust reported that it has owned the 652,988-square-foot Class A+ building since 2005. Long a fixture of Baltimore's Inner Harbor with T. Rowe Price as one of its original tenants, 100 East Pratt Street includes a 10-story office building completed in 1978 and a 28-story tower finished in 1991. The office property is 96% leased. Additionally, Columbia Property Trust was represented externally by Bruce Matthai of Cassidy Turley. T. Rowe Price Associates was represented by Eric Feinberg and Rick Schuham of Studley.

T. Rowe Price Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Financial Guidance for the Year 2014

T. Rowe Price Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net revenues were $929.8 million compared to $787.3 million for the same period a year ago. Net operating income was $440.1 million compared to $361.2 million for the same period a year ago. Income before income taxes was $471.8 million compared to $378.1 million for the same period a year ago. Net income was $287.7 million compared to $232.0 million for the same period a year ago. Net income allocated to common stockholders was $284.8 million or $1.06 per diluted share compared to $229.9 million or $0.88 per diluted share for the same period a year ago. For the full year, the company reported net revenues were $3,484.2 million compared to $3,022.5 million for the same period a year ago. Net operating income was $1,637.4 million compared to $1,364.3 million for the same period a year ago. Income before income taxes was $1,700.4 million compared to $1,435.1 million for the same period a year ago. Net income was $1,047.7 million compared to $883.6 million for the same period a year ago. Net income allocated to common stockholders was $1,038.4 million or $3.90 per diluted share compared to $878.1 million or $3.36 per diluted share for the same period a year ago. Cash provided by operating activities, including $114.6 of stock-based compensation in 2013 was $1,233.2 million compared to $902.8 million for the same period a year ago. Additions to property and equipment were $105.8 million. The firm currently estimates that its effective rate for 2014 will be 38.4%. Total capital expenditures expected for property and equipment for 2014 to be approximately $145 million, which will be funded from operating resources.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
TROW:US $80.63 USD +0.29

TROW Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Affiliated Managers Group Inc $186.64 USD +1.69
Invesco Ltd $35.22 USD +0.04
Northern Trust Corp $59.39 USD +0.35
Schroders PLC 2,559 GBp +104.00
TD Ameritrade Holding Corp $31.78 USD +0.49
View Industry Companies
 

Industry Analysis

TROW

Industry Average

Valuation TROW Industry Range
Price/Earnings 20.7x
Price/Sales 6.0x
Price/Book 4.4x
Price/Cash Flow 18.6x
TEV/Sales 5.7x
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact T ROWE PRICE GROUP INC, please visit www.troweprice.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.