T. Rowe Price Group, Inc.

T. Rowe Price Group, Inc.

T. Rowe Price Group, Inc.

Overview
Date Founded

2000

Headquarters

100 East Pratt Street,Baltimore, MD 21202

Type of Company

Public

Employees (Worldwide)

7,678

Industries

Investment Services & Portfolio Management
Securities & Commodities Exchanges
Management Consulting
Accounting & Financial Services
Holding Companies
Computer Software

Company Description

T. Rowe Price Group, Inc. is a financial services holding company, which engages in the provision of investment management services through its subsidiaries. It provides an array of company sponsored U.S. mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries, and retirement plan sponsors. The company was founded by Thomas Rowe Price Jr. in 1937 and is headquartered in Baltimore, MD.

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Executives & Employees

Chief Executive Officer

President & Chief Executive Officer

Chief Financial Officer & Treasurer

Vice President, General Counsel & Corporate Secretary

Principal Accounting Officer

Vice President & Head of Global Distribution

Head of Global Equity

Country Head-Japan

Head, Client Relationship Management

Vice President & Head of International Equity

Board of Directors

President & Chief Executive Officer at T. Rowe Price Associates, Inc.

Chairman at Northleaf Capital Partners Ltd.

General Counsel & Head of Global Public Policy at MasterCard, Inc.

Former Senator from Maine

Former Professional at Bankers Trust Co. - Des Moines, Iowa

Information Technology Director at Accenture Plc

Former Managing Partner at Ernst & Young LLP

Executive Officer at Aquiline Financial Services Fund II LP

President at University of Maryland - Baltimore County

President & Chief Executive Officer at Lockheed Martin Pension Plan

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T. Rowe Price Group, Inc.
Owners & Shareholders
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Fayez Sarofim & Co. manages investment portfolios for a wide range of clients — pension plans, foundations, endowments, and individuals. For over five decades since our founding in 1958, we have focused exclusively on investment management. Our firm is an independent entity owned and managed by its founder, Fayez Sarofim, and a team of 21 investment professionals. As of June 29, 2012, our firm had $26 billion in assets under management.

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INTECH’s investment philosophy focuses on providing a differentiated approach to portfolio management by applying mathematics to portfolio construction and is based on the mathematical foundation of Stochastic Portfolio Theory. The firm offers institutional investors relative-risk, adaptive volatility, low volatility, absolute return and market neutral products, each of which is engineered with risk controls and optimization parameters specific to the strategy’s underlying benchmark index and level of aggressiveness. Intech’s strategies include: Enhanced, Core, Growth, Value, Adaptive Volatility, Low Volatility, Absolute-Return, and Market Neutral. Portfolios can be constructed and benchmarked to S&P, Russell, MSCI, FTSE, and their respective subset indices.

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Provident Trust aims to utilize a multi-cap core growth equity strategy with the goal of exceeding inflation and the S&P 500 over full market cycles. Stocks of small, medium and large-cap companies are used with emphasis on the company size that represents the best relative value. Only US securities or American Depository Receipts (ADRs) of foreign securities are purchased and held in the portfolio. Provident Trust employs a Growth-at-Reasonable-Price (GARP) equity investment discipline and their bottom-up stock selection process focuses on companies with above average historical sales and earnings, and outlook for continuation those trends.

Recent Transactions
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Eventbrite, Inc., Tiger Global Management LLC (Private Equity), Sequoia Capital purchase nvite LLC from Center for Innovative Technology, Middleland Capital, Nextgen Venture Partners LLC, Middle Bridge Partners LLC, Disruption Corporation

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Quotient Technology, Inc. purchases Yub, Inc. from DFJ Growth Management LLC, Index Ventures SA, Atomico, T. Rowe Price Group, Inc., Greylock Partners, Battery Ventures, Questmark Management Co. LLC

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T. Rowe Price Group, Inc. purchases UTI Asset Management Co. Ltd. (Investment Management) from Bank of Baroda, State Bank of India, Punjab National Bank

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onT. Rowe Price Group, Inc. purchases UTI Asset Management Co. Ltd. (Investment Management) from State Bank of India, Bank of Baroda, Punjab National Bank

Advisors & Consultants
Advisor

Director at Columbia Care, Inc.

Legal Advisor

Partner at DLA Piper

Advisor

Former Chief Financial Officer, Treasurer & Vice President at T. Rowe Price Group, Inc.

Clients

IGM Financial, Inc. operates as a financial services company, which engages in the management and distribution of mutual funds and other managed asset products. It operates through the following segments: Wealth Management, Asset Management, and Strategic Investments & Other. The Wealth Management segment reflects the activities of operating companies that are principally focused on providing financial planning and related services to Canadian households, which includes the activities of IG Wealth Management and Investment Planning Counsel. These firms are retail distribution organizations who serve Canadian households through their securities dealers, mutual fund dealers and other subsidiaries licensed to distribute financial products and services, which also includes the investment management activities of these organizations, including mutual fund management and discretionary portfolio management services. The Asset Management segment reflects the activities of operating companies focused on providing investment management services and represents the operations of Mackenzie Investments. Investment management services are provided to a suite of investment funds that are distributed through third party dealers and financial advisors, and also through institutional advisory mandates to financial institutions, pensions and other institutional investors. The Strategic Investments & Other segment represent the key strategic investments made by the firms. The company was founded on August 3, 1978 and is headquartered in Winnipeg, Canada.

The Juilliard School operates as an art school. It provides artistic education for musicians, dancers, and actors. The company was founded in 1905 and is headquartered in New York, NY.

F&C Investment Trust Plc is a closed-end investment trust. Its objective is to secure long-term growth in capital and income through a policy of investing primarily in an internationally diversified portfolio of publicly listed equities, as well as unlisted securities and private equity with the use of gearing. The company was founded in 1868 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2020
Market Capitalization
$46.8B
Total Enterprise Value
$34.6B
Earnings Per Share
$9.98
Revenue
$6.21B
Total Equity
$9.27B
Net Profit
$2.31B
Enterprise Value / Sales
5.57x
TEVNet Income
14.98x
Debt TEV
0x
Total Debt
$154M
EBITDAMargin
50.37%
Enterprise Value EBITDAOperating
11.01x
EBITDA
$3.13B
Three Year Compounded Annual Growth Rate Of Revenue
8.2%
Non-Profit Donations & Grants
$10K - $25K
2017
Political Donations
$250
2007
Investments
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Redwood Materials, Inc. engages in the provision od of technology and process development for materials recycling, remanufacturing, and reuse. The company was founded by Jeffrey Brian Straubel in 2017 and is headquartered in Carson City, NV.

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DOT Therapeutics-2, Inc. develops new therapies that change the outcome for people of all ages living with cancer. The company was founded by Julie Grant and Samuel Blackman and is headquartered in South San Francisco, CA.

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Databricks, Inc. engages in the provision of virtual analytics platform. Its prodcuts provide pricing and security. The firm also provides industries, data science and engineering solutions. The company was founded Ali Ghodsi, Reynold Xin, Ion Stoica, Andy Konwinski, Patrick Wendell, Arsalan Tavakoli-Shiraji, and Matei Zaharia in 2013 and is headquartered in San Francisco, CA.

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The Bank of New York Mellon Corporation Holding Companies | New York, NY

The Bank of New York Mellon Corp. is a bank holding company, which engages in the provision of financial services. It operates through the following segments: Investment Services and Investment and Wealth Management. The Investment Services and Investment segment includes institutional trust and custody fees, broker-dealer services, corporate trust, depositary receipts, and foreign exchange. The Wealth Management segment provides services to institutional and retail investors, as well as investment management, wealth and estate planning. The company was founded by Alexander Hamilton on June 9, 1784 and is headquartered in New York, NY.

Pluralsight, Inc. Computer Software | Draper, UT

Pluralsight, Inc. ias a holding company, which engages in the operation of technology workforce development platform. It offers a broad range of tools for businesses and individuals to measure and increase technology skills, including skill and role assessments, a curated library of courses, learning paths, software developer productivity metrics, and business analytics. The company was founded by Aaron Skonnard, Frederick Onion, Keith Brown, Fritz Onion and Bill Williams in 2004 and is headquartered in Farmington, UT.

Alpha Financial Markets Consulting Plc Management Consulting | London, United Kingdom

Alpha Financial Markets Consulting Plc is a holding company, which engages in the provision of consulting and related services to clients in the asset and wealth management industry. The company was founded in 2003 and is headquartered in London, the United Kingdom.

Awards & Honors
Rank #573
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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