T. Rowe Price Group (TROW)
Financials2 articles
Price chart
Why is TROW moving today?
-0.4%TROW is -0.4% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of 2 days ago
T. Rowe Price Group (TROW) overview
T. Rowe Price is a global asset manager.
TROW is a member of the S&P 500. It sits in the Financials sector. That sector covers banks, insurers and capital-markets firms at the center of the economy.
T. Rowe Price Group trades on the NasdaqGS under the ticker symbol TROW. The most recent market data puts the share price at about $100.97. That is down 0.39% on the session. At that price the company is worth roughly $21.54B.
Over the past 52 weeks, TROW has traded between $85.22 and $122.00. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 10.1. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. TROW also pays a dividend. It yields around 5.15% at the current price.
Key statistics
Source: Yahoo Finance - quote as of 2 days ago
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch TROW
TROW is one of the larger names in the Financials sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each TROW story as it breaks, and tags it bullish, bearish or neutral.
What moves TROW
- Earnings. TROW reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from TROW.
- Sector news. Financials stocks often move together, so a rival's news can move TROW too.
Market Mood
Latest TROW news
SambaNova (SBNA) Achieves $11 Billion Valuation After $1 Billion Raise
SambaNova Systems, an AI chip startup, has raised $1 billion in funding, leading to a valuation of $11 billion. The latest financing round was led by General Atlantic and involved participation from Seligman Ventures, T. Rowe Price, and Capital Group. Earlier this year, SambaNova secured over $350 million from investors, including Intel, with whom it announced a partnership. This significant investment highlights investor confidence in the semiconductor sector, particularly as companies seek alternatives to Nvidia (NVDA) in the AI inference market, impacting market dynamics and competition.
Read More: SambaNova (SBNA) Achieves $11 Billion Valuation After $1 Billion Raise
Tesla (TSLA) Excluded from Magnificent Seven by T. Rowe Price
T. Rowe Price fund manager David Giroux has removed Tesla (TSLA) from the 'Magnificent Seven', citing a better valuation in healthcare and utilities. This shift indicates a strategic allocation towards sectors perceived as undervalued. While Giroux claims Big Tech is not in a bubble, his decision reflects a notable market trend focusing on diversifying investments. The change in composition of the Magnificent Seven may impact investor sentiment and asset allocations in the tech sector.
Read More: Tesla (TSLA) Excluded from Magnificent Seven by T. Rowe PriceMore Financials stocks
Frequently asked questions
Is T. Rowe Price Group in the S&P 500?
Yes. T. Rowe Price Group trades as TROW and is a member of the S&P 500. The index lists it in the Financials sector.
What sector is TROW in?
TROW sits in the Financials sector of the S&P 500.
Where can I find the latest TROW news?
Right here. This page collects recent TROW news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is T. Rowe Price Group's stock price?
TROW last traded at about $100.97. Prices move all through the session, so this is the latest quote rather than a live one.
What is T. Rowe Price Group's market cap?
TROW is worth roughly $21.54B. Market cap is the share price times the number of shares outstanding.
What is TROW's P/E ratio?
TROW trades at a trailing P/E ratio of about 10.1. The ratio compares the share price with earnings per share over the past year.