Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

T. Rowe Price Group

DB:TR1
Snowflake Description

Flawless balance sheet with solid track record and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TR1
DB
$23B
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

T. Rowe Price Group, Inc. is a publicly owned investment manager. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • T. Rowe Price Group is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • T. Rowe Price Group has significant price volatility in the past 3 months.
TR1 Share Price and Events
7 Day Returns
3%
DB:TR1
3%
DE Capital Markets
2.2%
DE Market
1 Year Returns
-6.4%
DB:TR1
-6.9%
DE Capital Markets
-17.2%
DE Market
TR1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
T. Rowe Price Group (TR1) 3% -21.1% -22.5% -6.4% 34.8% 18.1%
DE Capital Markets 3% -17.7% -13.1% -6.9% -24.7% -54.9%
DE Market 2.2% -15.7% -24% -17.2% -23.3% -27.8%
1 Year Return vs Industry and Market
  • TR1 matched the Capital Markets industry (-6.9%) over the past year.
  • TR1 outperformed the Market in Germany which returned -17.2% over the past year.
Price Volatility
TR1
Industry
5yr Volatility vs Market

TR1 Value

 Is T. Rowe Price Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of T. Rowe Price Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for T. Rowe Price Group.

DB:TR1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 5 analysts.
= Stable Book Value * Return on Equity
= $35.08 * 25.1%
$8.82
Book Value of Equity per Share Weighted future Book Value estimates from 3 analysts. $35.08
Discount Rate (Cost of Equity) See below 4.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:TR1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.753 (1 + (1- 21%) (0.64%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.837 * 5.44%)
4.16%

Discounted Cash Flow Calculation for DB:TR1 using Excess Returns Model Model

The calculations below outline how an intrinsic value for T. Rowe Price Group is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:TR1 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (25.1% – 4.16%) * $35.08)
$7.36
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $7.36 / (4.16% - -0.39%)
$161.65
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $35.08 + $161.65
$196.72
DB:TR1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TR1 represents 0.8816x of NasdaqGS:TROW
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8816x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 196.72 x 0.8816
€173.43
Value per share (EUR) From above. €173.43
Current discount Discount to share price of €86.00
= -1 x (€86.00 - €173.43) / €173.43
50.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price T. Rowe Price Group is available for.
Intrinsic value
>50%
Share price is €86 vs Future cash flow value of €173.43
Current Discount Checks
For T. Rowe Price Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • T. Rowe Price Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • T. Rowe Price Group's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for T. Rowe Price Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are T. Rowe Price Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TR1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $8.82
NasdaqGS:TROW Share Price ** NasdaqGS (2020-04-01) in USD $97.55
Germany Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 22.55x
Germany Market PE Ratio Median Figure of 398 Publicly-Listed Companies 16.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of T. Rowe Price Group.

DB:TR1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:TROW Share Price ÷ EPS (both in USD)

= 97.55 ÷ 8.82

11.06x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • T. Rowe Price Group is good value based on earnings compared to the DE Capital Markets industry average.
  • T. Rowe Price Group is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does T. Rowe Price Group's expected growth come at a high price?
Raw Data
DB:TR1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 11.06x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
1.6%per year
Germany Capital Markets Industry PEG Ratio Median Figure of 6 Publicly-Listed Capital Markets Companies 1.59x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.18x

*Line of best fit is calculated by linear regression .

DB:TR1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 11.06x ÷ 1.6%

6.76x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • T. Rowe Price Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on T. Rowe Price Group's assets?
Raw Data
DB:TR1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $30.19
NasdaqGS:TROW Share Price * NasdaqGS (2020-04-01) in USD $97.55
Germany Capital Markets Industry PB Ratio Median Figure of 31 Publicly-Listed Capital Markets Companies 1.5x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.44x
DB:TR1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:TROW Share Price ÷ Book Value per Share (both in USD)

= 97.55 ÷ 30.19

3.23x

* Primary Listing of T. Rowe Price Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • T. Rowe Price Group is overvalued based on assets compared to the DE Capital Markets industry average.
X
Value checks
We assess T. Rowe Price Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. T. Rowe Price Group has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TR1 Future Performance

 How is T. Rowe Price Group expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is T. Rowe Price Group expected to grow at an attractive rate?
  • T. Rowe Price Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • T. Rowe Price Group's earnings growth is positive but not above the Germany market average.
  • T. Rowe Price Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TR1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TR1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 1.6%
DB:TR1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 2%
Germany Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 39.4%
Germany Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 0.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.5%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:TR1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TR1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 5,931 2,575 1
2021-12-31 5,855 2,120 1,998 12
2020-12-31 5,703 2,294 1,925 12
2020-04-01
DB:TR1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 5,618 1,523 2,076
2019-09-30 5,454 1,634 1,888
2019-06-30 5,422 1,639 1,926
2019-03-31 5,372 1,678 1,850
2018-12-31 5,373 1,620 1,794
2018-09-30 5,365 1,363 1,790
2018-06-30 5,209 1,020 1,603
2018-03-31 5,050 562 1,530
2017-12-31 4,855 230 1,464
2017-09-30 4,649 255 1,496
2017-06-30 4,503 324 1,435
2017-03-31 4,361 287 1,268

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • T. Rowe Price Group's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
  • T. Rowe Price Group's revenue is expected to grow by 2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:TR1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from T. Rowe Price Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TR1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 9.71 10.92 8.50 2.00
2021-12-31 8.64 9.80 6.91 10.00
2020-12-31 8.09 9.21 6.53 11.00
2020-04-01
DB:TR1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 8.82
2019-09-30 7.98
2019-06-30 8.07
2019-03-31 7.70
2018-12-31 7.41
2018-09-30 7.37
2018-06-30 6.61
2018-03-31 6.33
2017-12-31 6.07
2017-09-30 6.20
2017-06-30 5.91
2017-03-31 5.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • T. Rowe Price Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess T. Rowe Price Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
T. Rowe Price Group has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TR1 Past Performance

  How has T. Rowe Price Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare T. Rowe Price Group's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • T. Rowe Price Group's year on year earnings growth rate has been positive over the past 5 years.
  • T. Rowe Price Group's 1-year earnings growth exceeds its 5-year average (15.7% vs 12.4%)
  • T. Rowe Price Group's earnings growth has exceeded the DE Capital Markets industry average in the past year (15.7% vs 3.2%).
Earnings and Revenue History
T. Rowe Price Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from T. Rowe Price Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TR1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,617.90 2,076.00 846.00
2019-09-30 5,454.20 1,888.40 803.70
2019-06-30 5,422.10 1,925.70 795.30
2019-03-31 5,371.90 1,850.40 781.80
2018-12-31 5,372.60 1,793.90 779.50
2018-09-30 5,365.20 1,790.00 781.00
2018-06-30 5,209.30 1,602.80 758.10
2018-03-31 5,050.30 1,529.80 747.90
2017-12-31 4,854.90 1,463.90 722.60
2017-09-30 4,648.50 1,496.10 580.50
2017-06-30 4,502.70 1,434.50 473.00
2017-03-31 4,361.40 1,268.40 353.30
2016-12-31 4,284.80 1,189.50 618.10
2016-09-30 4,183.90 1,117.00 247.90
2016-06-30 4,140.00 1,069.50 241.40
2016-03-31 4,167.70 1,201.40 239.80
2015-12-31 4,200.60 1,206.90 238.90
2015-09-30 4,170.80 1,220.20 233.90
2015-06-30 4,142.60 1,247.00 229.00
2015-03-31 4,054.50 1,218.10 225.50
2014-12-31 3,982.10 1,215.40 219.90
2014-09-30 3,889.50 1,188.00 220.10
2014-06-30 3,753.10 1,155.90 219.10
2014-03-31 3,623.10 1,099.40 222.70
2013-12-31 3,484.20 1,038.40 222.80
2013-09-30 3,344.00 983.90 218.80
2013-06-30 3,229.30 961.90 219.70

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • T. Rowe Price Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • T. Rowe Price Group used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.
  • T. Rowe Price Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess T. Rowe Price Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
T. Rowe Price Group has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TR1 Health

 How is T. Rowe Price Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up T. Rowe Price Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • T. Rowe Price Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • T. Rowe Price Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of T. Rowe Price Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • T. Rowe Price Group has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from T. Rowe Price Group Company Filings, last reported 3 months ago.

DB:TR1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 8,223.10 0.00 1,781.80
2019-09-30 7,942.70 0.00 2,213.20
2019-06-30 7,591.40 0.00 1,802.40
2019-03-31 7,197.70 0.00 1,657.40
2018-12-31 6,864.60 0.00 1,425.20
2018-09-30 7,321.10 0.00 2,090.60
2018-06-30 6,853.80 0.00 1,484.40
2018-03-31 6,448.40 0.00 1,681.40
2017-12-31 6,817.20 0.00 1,902.70
2017-09-30 6,481.80 0.00 2,130.10
2017-06-30 5,796.20 0.00 1,799.10
2017-03-31 5,459.30 0.00 1,661.90
2016-12-31 5,695.80 0.00 1,280.30
2016-09-30 5,947.60 0.00 1,460.40
2016-06-30 5,971.30 0.00 1,308.30
2016-03-31 5,588.90 0.00 1,370.30
2015-12-31 4,762.00 0.00 1,198.10
2015-09-30 4,673.60 0.00 1,238.10
2015-06-30 4,967.10 0.00 1,351.60
2015-03-31 5,002.00 0.00 1,895.40
2014-12-31 5,395.20 0.00 1,586.00
2014-09-30 5,227.50 0.00 1,728.90
2014-06-30 5,273.60 0.00 1,806.90
2014-03-31 5,037.20 0.00 1,786.90
2013-12-31 4,818.10 0.00 1,419.00
2013-09-30 4,540.60 0.00 1,739.60
2013-06-30 4,310.50 0.00 1,493.60
  • T. Rowe Price Group has no debt.
  • T. Rowe Price Group has not taken on any debt in the past 5 years.
  • T. Rowe Price Group has no debt, it does not need to be covered by operating cash flow.
  • T. Rowe Price Group has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess T. Rowe Price Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. T. Rowe Price Group has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TR1 Dividends

 What is T. Rowe Price Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.69%
Current annual income from T. Rowe Price Group dividends. Estimated to be 3.68% next year.
If you bought €2,000 of T. Rowe Price Group shares you are expected to receive €74 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • T. Rowe Price Group's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.65%).
  • T. Rowe Price Group's dividend is below the markets top 25% of dividend payers in Germany (4.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:TR1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
Germany Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 322 Stocks 3.8%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:TR1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 3.92 4.00
2021-12-31 3.62 13.00
2020-12-31 3.45 12.00
2020-04-01
DB:TR1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-12 3.600 3.213
2019-10-30 3.040 2.420
2019-08-20 3.040 2.710
2019-04-25 3.040 2.839
2019-02-13 3.040 2.999
2018-10-24 2.800 2.982
2018-08-22 2.800 2.581
2018-04-26 2.800 2.353
2018-02-13 2.800 2.548
2017-10-25 2.280 2.209
2017-08-21 2.280 2.592
2017-04-26 2.280 3.022
2017-02-16 2.280 3.241
2016-10-26 2.160 3.007
2016-08-24 2.160 3.220
2016-04-27 2.160 2.972
2016-02-17 2.160 2.962
2015-10-21 2.080 2.914
2015-08-13 2.080 2.935
2015-07-23 2.080 2.713
2015-02-19 2.080 2.575
2014-10-22 1.760 2.130
2014-06-19 1.760 2.207
2014-04-24 1.760 2.155
2014-02-19 1.760 2.171
2013-10-23 1.520 1.899
2013-06-20 1.520 2.058
2013-04-23 1.520 2.030
2013-02-21 1.520 2.052
2012-10-22 1.360 2.022
2012-08-01 1.360 2.163
2012-04-17 1.360 2.258
2012-02-23 1.360 2.153
2011-10-17 1.240 2.204
2011-09-02 1.240 2.476
2011-06-03 1.240 2.242
2011-02-17 1.240 1.922
2010-10-18 1.080 1.746
2010-09-03 1.080 2.150
2010-06-03 1.080 2.281
2010-02-18 1.080 2.005
2009-10-19 1.000 1.966
2009-09-03 1.000 2.205
2009-06-04 1.000 2.307

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of T. Rowe Price Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.8x coverage).
X
Income/ dividend checks
We assess T. Rowe Price Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can T. Rowe Price Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. T. Rowe Price Group has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TR1 Management

 What is the CEO of T. Rowe Price Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Stromberg
COMPENSATION $14,588,346
AGE 59
TENURE AS CEO 4.3 years
CEO Bio

Mr. William J. Stromberg, also known as Bill, CFA is President, Director, Vice President, Head of Equity, Director of Equity Research and Portfolio Manager at T. Rowe Price Associates, Inc. He is President, Chief Executive Officer and Director of T. Rowe Price Group, Inc. since January 1, 2016. He also is Chairman of the Board at T. Rowe Price Group, Inc. since April 25, 2019. Previously, Mr. Stromberg is a Vice President from 1990 to January 1, 2016, Head of Global Equity and Global Equity Research from 1990 to January 1, 2016, Director of Global of Equity Management Group, Director of Global Research, Head of Equities from 2009 to 2015, Head of U.S. Equity from 2006 to 2009 and Director of Equity Research from 1996 to 2006 at the firm and as an equity investment analyst from 1987 to 1992. He joined the firm in 1987. Mr. Stromberg was employed at Westinghouse Defense as a Systems Engineer. He has a vast investment experience. Mr. Stromberg serves on the Johns Hopkins University Board of Trustees and the Hopkins Whiting School of Engineering Advisory Council. Previously, he served nine years on the Catholic Charities Board of Trustees, with two years as Board President. Mr. Stromberg holds the Chartered Financial Analyst designation. He received an M.B.A. from the Tuck School of Business at Dartmouth and a B.A. from Johns Hopkins University.

CEO Compensation
  • Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bill's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the T. Rowe Price Group management team in years:

4.3
Average Tenure
48
Average Age
  • The tenure for the T. Rowe Price Group management team is about average.
Management Team

Bill Stromberg

TITLE
Chairman
COMPENSATION
$15M
AGE
59
TENURE
4.3 yrs

Céline Dufétel

TITLE
CFO, Treasurer & VP
COMPENSATION
$6M
AGE
38
TENURE
2.2 yrs

Rob Sharps

TITLE
Head of Investments
COMPENSATION
$14M
AGE
48
TENURE
3.1 yrs

Chris Alderson

TITLE
Co-Head of Global Equity & VP
COMPENSATION
$10M
AGE
57
TENURE
3.3 yrs

Eric Veiel

TITLE
Co-Head of Global Equity & VP
COMPENSATION
$11M
AGE
47
TENURE
14.3 yrs

Jessica Hiebler

TITLE
Principal Accounting Officer & VP
AGE
43
TENURE
10.1 yrs

Nigel Faulkner

TITLE
CTO & Head of Global Technology

Teresa Whitaker

TITLE
Investor Relations Manager

David Oestreicher

TITLE
Chief Legal Counsel
AGE
52
TENURE
12.1 yrs

Ed Giltenan

TITLE
Head of Global Public Relations & VP
Board of Directors Tenure

Average tenure and age of the T. Rowe Price Group board of directors in years:

4.9
Average Tenure
65
Average Age
  • The tenure for the T. Rowe Price Group board of directors is about average.
Board of Directors

Bill Stromberg

TITLE
Chairman
COMPENSATION
$15M
AGE
59
TENURE
1 yrs

Rob MacLellan

TITLE
Independent Director
COMPENSATION
$347K
AGE
64
TENURE
9.6 yrs

Olympia Snowe

TITLE
Independent Director
COMPENSATION
$365K
AGE
72
TENURE
6.8 yrs

Mark Bartlett

TITLE
Independent Director
COMPENSATION
$347K
AGE
68
TENURE
6.3 yrs

Alan Wilson

TITLE
Lead Independent Director
COMPENSATION
$375K
AGE
61
TENURE
2.3 yrs

Mary Bush

TITLE
Independent Director
COMPENSATION
$370K
AGE
71
TENURE
7.5 yrs

Freeman Hrabowski

TITLE
Independent Director
COMPENSATION
$366K
AGE
68
TENURE
7.3 yrs

Sandra Wijnberg

TITLE
Independent Director
COMPENSATION
$346K
AGE
63
TENURE
3.5 yrs

Rich Verma

TITLE
Independent Director
COMPENSATION
$334K
AGE
50
TENURE
2 yrs

Dina Dublon

TITLE
Independent Director
COMPENSATION
$388K
AGE
66
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • T. Rowe Price Group individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
19. Mar 20 Sell Mary Bush Individual 18. Mar 20 18. Mar 20 -3,692 €98.42 €-363,353
18. Dec 19 Sell Robert Sharps Individual 16. Dec 19 16. Dec 19 -12,400 €111.02 €-1,376,603
18. Dec 19 Sell Jessica Hiebler Individual 16. Dec 19 16. Dec 19 -800 €110.73 €-88,585
12. Dec 19 Sell Christopher Alderson Individual 10. Dec 19 10. Dec 19 -3,502 €110.44 €-386,765
12. Dec 19 Sell Robert Higginbotham Individual 10. Dec 19 10. Dec 19 -6,392 €110.44 €-705,940
07. Aug 19 Sell Sebastien Page Individual 06. Aug 19 06. Aug 19 -4,418 €95.62 €-422,442
11. Jun 19 Sell Mary Bush Individual 10. Jun 19 10. Jun 19 -3,500 €94.64 €-331,249
29. Apr 19 Sell Edward Bernard Individual 25. Apr 19 25. Apr 19 -20,000 €96.89 €-1,937,874
X
Management checks
We assess T. Rowe Price Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. T. Rowe Price Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TR1 News

Simply Wall St News

TR1 Company Info

Description

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.

Details
Name: T. Rowe Price Group, Inc.
TR1
Exchange: DB
Founded: 1937
$20,737,147,686
233,364,817
Website: http://www.troweprice.com
Address: T. Rowe Price Group, Inc.
100 East Pratt Street,
Baltimore,
Maryland, 21202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS TROW Common Stock Nasdaq Global Select US USD 02. Apr 1986
DB TR1 Common Stock Deutsche Boerse AG DE EUR 02. Apr 1986
LSE 0KNY Common Stock London Stock Exchange GB USD 02. Apr 1986
WBAG TROW Common Stock Wiener Boerse AG AT EUR 02. Apr 1986
BOVESPA T1RO34 BDR EACH 2 REPR 1 COM Bolsa de Valores de Sao Paulo BR BRL 27. Jan 2020
Number of employees
Current staff
Staff numbers
7,365
T. Rowe Price Group employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/01 20:54
End of day share price update: 2020/04/01 00:00
Last estimates confirmation: 2020/04/01
Last earnings filing: 2020/02/13
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.