TROW stock icon

T Rowe Price
TROW

$120.75
1.69%

Market Cap: 27B

 

About: T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load us and international stock, hybrid, bond, and money market funds. At the end of April 2024, the firm had $1.485 trillion in managed assets, composed of equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two thirds of managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a us-based asset manager, deriving just under 9% of its AUM from overseas.

Employees: 7,906

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 14 analysts
0
News positive %
of 19 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

38% more funds holding in top 10

Funds holding in top 10: 8 [Q4 2023] → 11 (+3) [Q1 2024]

21% more call options, than puts

Call options by funds: $261M | Put options by funds: $216M

13% more capital invested

Capital invested by funds: $17.6B [Q4 2023] → $19.9B (+$2.24B) [Q1 2024]

12% more repeat investments, than reductions

Existing positions increased: 403 | Existing positions reduced: 360

0.37% less ownership

Funds ownership: 73.38% [Q4 2023] → 73.01% (-0.37%) [Q1 2024]

1% less funds holding

Funds holding: 1,029 [Q4 2023] → 1,019 (-10) [Q1 2024]

9% less first-time investments, than exits

New positions opened: 103 | Existing positions closed: 113

Research analyst outlook

14 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$86
29%
downside
Avg. target
$111
8%
downside
High target
$125
4%
upside

14 analyst ratings

positive
0%
neutral
64%
negative
36%
Keefe, Bruyette & Woods
Aidan Hall
0%upside
$121
Market Perform
Maintained
12 Jul 2024
TD Cowen
Bill Kirk
2%upside
$123
Hold
Maintained
8 Jul 2024
JP Morgan
Kenneth Worthington
29%downside
$86
Underweight
Maintained
12 Jun 2024
Evercore ISI Group
Glenn Schorr
11%downside
$107
In-Line
Maintained
30 Apr 2024
Morgan Stanley
Michael Cyprys
4%upside
$125
Equal-Weight
Maintained
17 Apr 2024

Financial journalist opinion

Based on 19 articles about TROW published over the past 30 days