TROW - T. Rowe Price Group, Inc.
| Previous Close | 109.18 |
| Open | 108.50 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 104.94 - 109.05 |
| 52 Week Range | 84.59 - 117.68 |
| Volume | 1,199,370 |
| Avg. Volume | 1,109,247 |
| Market Cap | 24.878B |
| Beta (3Y Monthly) | 1.07 |
| PE Ratio (TTM) | 13.29 |
| EPS (TTM) | 7.95 |
| Earnings Date | Oct 23, 2019 - Oct 28, 2019 |
| Forward Dividend & Yield | 3.04 (2.78%) |
| Ex-Dividend Date | 2019-09-12 |
| 1y Target Est | 118.46 |
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- PR Newswire
T. Rowe Price Group Declares Quarterly Dividend
BALTIMORE , Aug. 20, 2019 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.76 per share payable September ...
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Fidelity, T. Rowe Bulked Up on GE Shares as Culp Took Over
(Bloomberg) -- When it comes to General Electric Co., two of the nation’s largest mutual fund companies have been going all in on the industrial conglomerate’s latest chief executive, Larry Culp.Fidelity Investments and T. Rowe Price Group Inc. have bulked up on GE stock since Culp was named in October 2018. While neither fund company had much of a stake in GE before he took the helm, the two now rank as its second- and fourth-largest institutional shareholders, respectively, according to regulatory data compiled by Bloomberg.Fidelity, based in Boston, actually began raising its stake in GE during the second quarter of last year, filings show, and by the end of September 2018 the firm held 187 million shares. That figure jumped to 301.4 million shares in the quarter ended December 2018. By the end of June, that stake had risen to 548.7 million shares.At the end of last September, funds run by Baltimore-based T. Rowe Price held 30.8 million GE shares, according to Form 13Fs filed with the U.S. Securities and Exchange Commission. Their combined stake soared to 235.6 million shares during the ensuing quarter, and by June 30 had reached 365.6 million shares.Culp, 56, is a renowned turnaround expert who won Wall Street’s praise for transforming manufacturer Danaher Corp., where he served as CEO from 2001 until 2014. Danaher’s share price rose an average of 14% annually during Culp’s tenure, compared to just 5.5% for the S&P 500, as he grew the company through $22 billion in acquisitions.As Danaher’s two largest shareholders from 2006 through 2015, T. Rowe and Fidelity benefited from Culp’s leadership of the company; Fidelity at one point held an 18% stake in the company. Culp left Danaher in September 2014 and was named to T. Rowe Price’s board about one year later. He continued as a director at the mutual fund company until he took the top job at GE.(Adds details on Culp’s record at Danaher Corp. in two final paragraphs.)To contact the reporter on this story: Miles Weiss in Washington at mweiss@bloomberg.netTo contact the editors responsible for this story: Alan Mirabella at amirabella@bloomberg.net, Melissa KarshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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Are You Looking for a High-Growth Dividend Stock? T. Rowe Price (TROW) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does T. Rowe Price (TROW) have what it takes? Let's find out.
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Zacks.com featured highlights include: AMETEK, Leidos, T. Rowe Price, TransUnion and OneMain
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T. Rowe Price Reports 1% Sequential Increase in July AUM
T. Rowe Price's (TROW) preliminary assets under management of $1.14 trillion for July reflect 1% rise from the prior month.
- Financial Times
Star fund manager Michael Hasenstab lost $1.8bn in a single day
Bond funds run by Michael Hasenstab, one of the fixed income market’s biggest investors, lost nearly $1.8bn in a single day during the stampede out of Argentine assets that followed the drubbing of President Mauricio Macri in the weekend primary elections. Concerns of a return to populist Peronist rule after the presidential election proper in October sent the peso down more than 20 per cent versus the dollar at one point and the yield on Argentina’s shorter-dated bonds surging to distressed levels. The odds of a debt default in the next five years also spiralled to 75 per cent.
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