T Rowe Price (TROW)

• Market cap: $25.3B
• 1 day: 0.52%
• 5 days: 2.52%
• 1 month: -1.96%
• 3 months: -0.18%
• 6 months: -1.87%
• Year to date: 0.33%
• 1 year: 2.86%
• 5 years: -13.98%
• 10 years: 40.13%
• Sector: Financials
• Industry: Security & Commodity Brokers, Dealers, Exchanges & Services

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)

3% more repeat investments, than reductions

Existing positions increased: 395 | Existing positions reduced: 384

1% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 92

0.63% more ownership

Funds ownership: 74.25% [Q2] → 74.87% (+0.63%) [Q3]

3% less call options, than puts

Call options by funds: $272M | Put options by funds: $282M

2% less funds holding

Funds holding: 1,052 [Q2] → 1,034 (-18) [Q3]

6% less capital invested

Capital invested by funds: $19.1B [Q2] → $18B (-$1.09B) [Q3]

11% less funds holding in top 10

Funds holding in top 10: 9 [Q2] → 8 (-1) [Q3]

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $111 2% downside
• Avg. target: $117 3% upside
• High target: $132 16% upside

8 analyst ratings

• positive: 0 0%
• neutral: 6 75%
• negative: 2 25%

Barclays Benjamin Budish 78% 1-year accuracy 90 / 115 met price target	1% downside $113	Underweight Maintained	17 Jan 2025
Wells Fargo Michael Brown 74% 1-year accuracy 32 / 43 met price target	4% upside $118	Equal-Weight Maintained	14 Jan 2025
Keefe, Bruyette & Woods Aidan Hall 93% 1-year accuracy 13 / 14 met price target	2% downside $111	Market Perform Maintained	13 Jan 2025
Morgan Stanley Michael Cyprys 83% 1-year accuracy 24 / 29 met price target	16% upside $132	Equal-Weight Maintained	20 Dec 2024
Deutsche Bank Brian Bedell 79% 1-year accuracy 34 / 43 met price target	5% upside $120	Hold Maintained	11 Nov 2024