OverviewSuggest Edit

T. Rowe Price Group is an investment management company. It provides services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. The Company launches and manages equity and fixed income mutual funds. It employs fundamental and quantitative analysis with a bottom-up approach and utilizes in-house and external research to make its investments.
TypePublic
Founded1937
HQBaltimore, US
Websitetroweprice.com
Employee Ratings3.8

Locations

T. Rowe Price is headquartered in
Baltimore, United States

Location Map

Latest Updates

Employees (est.) (Feb 2019)7,022(+2%)
Job Openings216
Revenue (FY, 2018)$5.4 B(+11%)
Share Price (Oct 2019)$110.3

Key People/Management at T. Rowe Price

William J. Stromberg

William J. Stromberg

President and Chief Executive Officer
CeLine DufeTel

CeLine DufeTel

CFO
Edward A. Wiese

Edward A. Wiese

Head of Fixed Income
Christopher Alderson

Christopher Alderson

Co-Head of Global Equity and Head of International Equity
Scott David

Scott David

Head of Individual & Retirement Plan Services
Robert Higginbotham

Robert Higginbotham

Head of Global Investment Management Services
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T. Rowe Price Office Locations

T. Rowe Price has offices in Baltimore, Colorado Springs, New York, Owings Mills and in 19 other locations
Baltimore, US (HQ)
100 East Pratt Street, 100 E Pratt St
Colorado Springs, US
2220 Briargate Pkwy
New York, US
233 Park Ave S 2nd Floor
Owings Mills, US
4515 Painters Mill Rd
Philadelphia, US
1735 Market St #3020Philadelphia
San Francisco, US
333 Bush Street, 333 Bush St #2550, San Francisco
Show all (23)

T. Rowe Price Financials and Metrics

T. Rowe Price Revenue

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View revenue for all periods
T. Rowe Price's revenue was reported to be $5.37 b in FY, 2018 which is a 10.7% increase from the previous period.
USD

Revenue (FY, 2018)

5.4b

Revenue growth (FY, 2017 - FY, 2018), %

10.7%

Gross profit (FY, 2018)

3.1b

Gross profit margin (FY, 2018), %

58.2%

Net income (FY, 2018)

1.8b

EBIT (FY, 2018)

2.4b

Market capitalization (17-Oct-2019)

26.0b

Closing stock price (17-Oct-2019)

110.3

Cash (31-Dec-2018)

1.4b
T. Rowe Price's current market capitalization is $26 b.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

4.3b4.9b5.4b

Revenue growth, %

13%11%

Cost of goods sold

1.9b2.1b2.2b

Gross profit

2.4b2.8b3.1b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

994.1m1.0b1.1b1.1b1.2b1.2b1.3b1.3b1.4b

Cost of goods sold

430.5m447.4m468.2m495.8m503.0m522.7m553.8m564.7m563.6m

Gross profit

563.6m597.3m624.7m636.8m683.0m716.0m774.2m780.3m831.0m

Gross profit Margin, %

57%57%57%56%58%58%58%58%60%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

1.2b1.9b1.4b

Accounts Receivable

455.1m565.3m549.6m

PP&E

615.1m652.0m661.3m

Goodwill

665.7m665.7m665.7m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

1.4b1.4b1.4b1.6b1.5b1.9b1.7b1.5b2.1b

Accounts Receivable

446.9m482.5m448.7m507.9m593.6m564.4m583.1m

PP&E

615.6m625.2m624.3m635.0m650.2m655.2m657.0m

Goodwill

665.7m665.7m665.7m665.7m665.7m665.7m665.7m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

1.3b1.6b1.8b

Depreciation and Amortization

133.4m143.6m159.5m

Accounts Payable

139.2m323.4m111.3m

Cash From Operating Activities

170.5m229.5m1.6b
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

313.3m524.5m887.2m400.4m790.4m1.2b455.5m915.1m1.5b

Depreciation and Amortization

32.2m66.0m100.0m35.6m71.9m106.9m36.9m74.7m114.9m

Cash From Operating Activities

72.5m(14.2m)268.2m188.5m139.2m352.8m521.0m929.3m1.5b

Purchases of PP&E

(35.2m)(79.2m)(112.5m)(46.9m)(82.6m)(129.1m)(36.7m)(78.6m)(121.5m)
USDY, 2018

Revenue/Employee

774.6k

Financial Leverage

1.1 x
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T. Rowe Price Revenue Breakdown

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T. Rowe Price revenue breakdown by business segment: 90.3% from Investment Advisory Fees, 7.1% from Administrative Fees and 2.6% from Other

T. Rowe Price Online and Social Media Presence

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T. Rowe Price Frequently Asked Questions

  • When was T. Rowe Price founded?

    T. Rowe Price was founded in 1937.

  • Who are T. Rowe Price key executives?

    T. Rowe Price's key executives are William J. Stromberg, CeLine DufeTel and Edward A. Wiese.

  • How many employees does T. Rowe Price have?

    T. Rowe Price has 7,022 employees.

  • What is T. Rowe Price revenue?

    Latest T. Rowe Price annual revenue is $5.4 b.

  • What is T. Rowe Price revenue per employee?

    Latest T. Rowe Price revenue per employee is $765.1 k.

  • Who are T. Rowe Price competitors?

    Competitors of T. Rowe Price include The D. E. Shaw Group, BGC Partners and Plutus Wealth Management.

  • Where is T. Rowe Price headquarters?

    T. Rowe Price headquarters is located at 100 East Pratt Street, 100 E Pratt St, Baltimore.

  • Where are T. Rowe Price offices?

    T. Rowe Price has offices in Baltimore, Colorado Springs, New York, Owings Mills and in 19 other locations.

  • How many offices does T. Rowe Price have?

    T. Rowe Price has 23 offices.