T. Rowe Price Group Inc. (NASDAQ: TROW)
Asset Management · Baltimore, MD, United States · Founded 1937
- Market capitalization: $25.0 billion
- Annual revenue: $6.5 billion
- Net income: $1.5 billion
- Employees: 7,700
- Sector: Financial Services
- Headquarters: Baltimore, United States
- Founded: 1937
Source: Statvoo company profile for T. Rowe Price Group Inc.. Browse all 500+ companies
T. Rowe Price is a global investment management firm known for its active management expertise, particularly in equity and fixed-income mutual funds. The company manages over $1.4 trillion in assets and serves individual investors, retirement plans, and institutional clients. T. Rowe Price is one of the largest providers of target-date retirement funds in the US, a critical distribution channel as 401(k) assets grow.
T. Rowe Price earns revenue from investment advisory fees charged as a percentage of assets under management. The company's fee structure is tied to AUM levels, meaning revenue rises and falls with market performance and net fund flows.
Thomas Rowe Price Jr. founded the firm in 1937 in Baltimore, pioneering the growth stock investing philosophy. The company went public in 1986 and has maintained its independence while many peers were acquired. T. Rowe Price's acquisition of Oak Hill Advisors in 2021 added alternative credit capabilities to its traditionally long-only platform.
| Market Capitalization | $25.0B |
| Annual Revenue | $6.5B |
| Net Income | $1.5B |
| Profit Margin | 23% |
| Revenue per Employee | $844156K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | TROW |
Financial data is approximate and based on most recent annual filings.
T. Rowe Price's target-date retirement funds are among the most widely used in American 401(k) plans, giving the firm a structural inflow from every paycheck millions of workers deposit. The company has no debt on its balance sheet—a rarity in financial services.
T. Rowe Price faces the existential challenge confronting all active managers—the relentless shift to passive investing. The target-date franchise provides a buffer, but organic growth in traditional active equity funds is increasingly difficult to achieve.
What is T. Rowe Price Group Inc.'s revenue?
T. Rowe Price Group Inc. generates approximately $6.5 billion in annual revenue.
How many employees does T. Rowe Price Group Inc. have?
T. Rowe Price Group Inc. employs approximately 7,700 people worldwide.
What is T. Rowe Price Group Inc.'s market cap?
T. Rowe Price Group Inc. (TROW) has a market capitalization of approximately $25.0 billion on the NASDAQ.
When was T. Rowe Price Group Inc. founded?
T. Rowe Price Group Inc. was founded in 1937 and is headquartered in Baltimore, MD, United States.
Who is the CEO of T. Rowe Price Group Inc.?
Rob Sharps is the current CEO of T. Rowe Price Group Inc..
What is T. Rowe Price Group Inc.'s website?
T. Rowe Price Group Inc.'s official website is troweprice.com.
| CEO | Rob Sharps |
| Sector | Financial Services |
| Industry | Asset Management |
| Founded | 1937 |
| HQ | Baltimore, MD |
| Country | United States |
| Website | troweprice.com |
See traffic, security, and technical data for T. Rowe Price Group Inc.'s website:
📊 troweprice.com stats 📋 WHOIS 🌐 DNS 🔒 SSL