T Rowe Price Group Inc (OQ:TROW)
Business Focus: Investment Management & Fund Operators
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 100 East Pratt Street P.O. Box 89000 BALTIMORE MD 21289-0320 |
| Tel: | N/A |
| Website: | https://www.troweprice.com |
| IR: | See website |
| Key People | ||
| Robert W. Sharps Chairman of the Board, President, Chief Executive Officer | Glenn R. August Vice President, Director, Chief Executive Officer of OHA | Jennifer B. Dardis Chief Financial Officer, Treasurer |
| Kimberly H. Johnson Chief Operating Officer, Vice President | Jessica M. Hiebler Principal Accounting Officer, Vice President, Controller | Sebastien Page Chief Investment Officer, Vice President, Head - Global Multi-Asset |
| Justin Thomson Chief Investment Officer, Vice President, Head - International Equity, Co-Head of Global Equity | Eric L. Veiel Chief Investment Officer, Vice President, Head of Global Investment | Arif Husain Chief Investment Officer, Head of Global Fixed Income | David Oestreicher Vice President, General Counsel, Corporate Secretary |
| Business Overview |
| T. Rowe Price Group, Inc. is a global asset management company. The Company provides a broad range of investment solutions across equity, fixed income, multi-asset, and alternative capabilities for clients around the world - from individuals to advisors to institutions to retirement plan sponsors. It also provides certain investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; brokerage; trust services, and non-discretionary advisory services through model delivery. The Company distributes its active investment solutions through a diverse set of distribution channels and vehicles to meet the needs of its clients globally. These vehicles include an array of United States mutual funds, collective investment trusts, subadvised funds, separately managed accounts, and other sponsored products. |
| Financial Overview |
| For the three months ended 31 March 2024, T Rowe Price Group Inc revenues increased 14% to $1.75B. Net income applicable to common stockholders increased 36% to $558M. Revenues reflect Fees for Other Customer Services increase of 12% to $1.55B, Capital allocation-based income increase from $16.9M to $47.1M, Administrative, distribution, and servic increase of 16% to $149.1M. |
| Employees: | 7,906 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $22,588M as of Mar 31, 2024 |
| Annual revenue (TTM): | $6,673M as of Mar 31, 2024 |
| EBITDA (TTM): | $2,565M as of Mar 31, 2024 |
| Net annual income (TTM): | $1,891M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$131.00M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 223,299,903 as of Apr 23, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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