Last $80.25 USD
Change Today -0.04 / -0.05%
Volume 1.4M
TROW On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

t rowe price group inc (TROW) Snapshot

Open
$80.09
Previous Close
$80.29
Day High
$80.48
Day Low
$79.56
52 Week High
07/3/14 - $85.74
52 Week Low
09/6/13 - $69.90
Market Cap
21.1B
Average Volume 10 Days
1.7M
EPS TTM
$4.04
Shares Outstanding
263.1M
EX-Date
09/11/14
P/E TM
19.9x
Dividend
$1.76
Dividend Yield
2.04%
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.

5,749 Employees
Last Reported Date: 07/24/14
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

T. Rowe Price Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Effective Rate Guidance for the Full-Year 2014

T. Rowe Price Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company reported its 2014 second quarter results, including net revenues of $984.3 million, net income of $305.8 million, and diluted earnings per common share of $1.13. On a comparable basis, net revenues were $854.3 million, net income was $247.8 million, and diluted earnings per common share was $0.92 in the second quarter of 2013. Net operating income was $473.1 million, compared to $398.8 million for the last year. Income before income taxes was $499.2 million, compared to $400.2 million for the last year. Net income allocated to common stockholders was $302.4 million, compared to $245.8 million for the last year. For the six months, the company reported net revenue was $1,938.9 million, compared to $1,670.0 million for the last year. Net operating income was $922.2 million, compared to $771.4 million for the last year. Income before income taxes was $990.4 million, compared to $791.1 million for the last year. Net income allocated to common stockholders was $603.4 million, compared to $485.9 million for the last year. Cash provided by operating activities, including $61.8 of stock-based compensation expense in 2014 was $725.6 million, compared to $727.9 million for the last year. The firm currently estimates that its effective rate for the full-year 2014 will be about 38.5%.

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 Group, Inc. to Report Q2, 2014 Results on Jul 24, 2014

T. Rowe Price Group, Inc. announced that they will report Q2, 2014 results on Jul 24, 2014

 

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Industry Analysis

TROW

Industry Average

Valuation TROW Industry Range
Price/Earnings 18.6x
Price/Sales 5.6x
Price/Book 4.0x
Price/Cash Flow 16.6x
TEV/Sales 5.1x
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