T Rowe PriceTROW
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 August 2024, the firm had $1.612 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 less than 10% of its AUM from overseas.
Employees: 8,104
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
4% more repeat investments, than reductions
Existing positions increased: 392 | Existing positions reduced: 377
0.4% more ownership
Funds ownership: 73.93% [Q2] → 74.33% (+0.4%) [Q3]
2% less call options, than puts
Call options by funds: $272M | Put options by funds: $277M
2% less funds holding
Funds holding: 1,050 [Q2] → 1,024 (-26) [Q3]
6% less capital invested
Capital invested by funds: $19B [Q2] → $17.9B (-$1.15B) [Q3]
11% less funds holding in top 10
Funds holding in top 10: 9 [Q2] → 8 (-1) [Q3]
22% less first-time investments, than exits
New positions opened: 94 | Existing positions closed: 120
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Deutsche Bank Brian Bedell 81% 1-year accuracy 26 / 32 met price target | 2%upside $120 | Hold Maintained | 11 Nov 2024 |
Evercore ISI Group Glenn Schorr 100% 1-year accuracy 22 / 22 met price target | 4%downside $113 | In-Line Maintained | 7 Nov 2024 |
Deutsche Bank Brian Bedell 81% 1-year accuracy 26 / 32 met price target | 3%downside $115 | Hold Maintained | 4 Nov 2024 |
TD Cowen Bill Kirk 47% 1-year accuracy 9 / 19 met price target | 2%downside $116 | Hold Maintained | 4 Nov 2024 |
JP Morgan Kenneth Worthington 67% 1-year accuracy 18 / 27 met price target | 3%downside $115 | Underweight Maintained | 4 Nov 2024 |
Financial journalist opinion
Based on 23 articles about TROW published over the past 30 days
