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, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.
Financial Resilience | T. Rowe Price demonstrates strong profitability with a 52.37% gross profit margin and 19% return on equity, despite industry headwinds |
Strategic Diversification | Explore TROW's expansion into ETFs and insurance sectors, aiming to capture new growth opportunities and adapt to changing market dynamics |
Market Challenges | Delve into TROW's navigation of persistent fee pressure and negative investment flows, while maintaining a strong market position and financial stability |
Future Prospects | Analyst targets range from $85 to $110, reflecting cautious optimism about TROW's ability to leverage its strengths and overcome industry challenges |
Metrics to compare | TROW | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipTROWPeersSector | |
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P/E Ratio | 12.2x | 12.5x | 9.6x | |
PEG Ratio | 2.19 | 0.04 | 0.03 | |
Price/Book | 2.3x | 2.9x | 1.0x | |
Price / LTM Sales | 3.4x | 3.2x | 2.8x | |
Upside (Analyst Target) | −2.9% | 0.4% | 10.3% | |
Fair Value Upside | Unlock | 4.1% | 0.8% | Unlock |