The Next Wave of AI Is Here
The age of artificial intelligence has been unleashed. The first wave of AI lifted the stocks of Nvidia and other companies producing chips to power AI technology. The new wave of AI has everything to do with software - and it's just getting started.
Shares Stats
| Shares Outstanding | 227,946,000 |
| Shares Float | 225,356,614 |
| Shares Short | 4,770,010 |
| Insider Holdings | 172% |
| Institution Holdings | 71.99% |
About T. Rowe Price Group, Inc
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; 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, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.
General
| Name | T. Rowe Price Group, Inc |
| Ticker | TROW |
| Exchange | NASDAQ |
| Sector | Financial Services |
| Industry | Asset Management |
| Currency | USD |
| Country | USA |
| Fiscal Year End | December |
| Full Time Employees | 7,678 |
Highlights
| Analyst Target | 175.08 |
| Market Cap | 39,177,076,736 |
| PE Ratio | 13.50 |
| PEG Ratio | 1.73 |
| EBITDA | 2,935,300,096 |
Financials
| Curr Year EPS Estimate | 11.95 |
| Next Quarter EPS Estimate | 2.89 |
| Profit Margin | 0.38 |
| Return on Assets | 0.17 |
| Return on Equity | 0.29 |
| Revenue | 6,206,700,032 |
| Earnings Per Share | 9.98 |
| Revenue Per Share | 27.13 |
| Gross Profit | 3,590,300,000 |
| Quarterly Revenue Growth | 0.18 |
Valuation
| Trailing PE | 17.22 |
| Forward PE | 14.58 |
| Price/Sales (Trailing 12 Mt.) | 6.49 |
| Price/Book (Most Recent Quarter) | 5.15 |
Dividend
T. Rowe Price Group, Inc pays out a dividend of $3.60 per share, with a dividend yield of 4.15%.
TROW's last dividend payment was made to shareholders on March 30, 2021.
They pay out 39.38% of their earnings out as a dividend.
Recent Dividends
| Mar 28, 2024 | $1.24 |
| Dec 29, 2023 | $1.22 |
| Sep 28, 2023 | $1.22 |
| Jun 29, 2023 | $1.22 |
| Mar 30, 2023 | $1.22 |
| Dec 29, 2022 | $1.20 |
| Sep 29, 2022 | $1.20 |
| Jun 29, 2022 | $1.20 |
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