Professional
Added to YB: 2024-04-08
Pitch date: 2024-04-06
TROW [bullish]
T. Rowe Price Group, Inc.
-4.62%
current return
Author Info
Company Info
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.
Market Cap
$22.8B
Pitch Price
$109.98
Price Target
N/A
Dividend
4.86%
EV/EBITDA
7.34
P/E
11.40
EV/Sales
2.89
Sector
Capital Markets
Category
turnaround
T. Rowe Price (Excerpt From Our Recent Letter)
TROW: $1.45T AUM asset mgr, high margins & ROE. Retirement fund leader, growing active ETFs. AUM -2.8% in '22 on $81.8B outflows, but perf improving. 42-43bps fees stable. 30.7% op margin in '23, 45% historically. 93% FCF returned via 4.2% div yield. Expect AUM growth of 50-70% of growth of S&P 500, teens returns.
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