T. Rowe Price Group Incorporated

T. Rowe Price profit rose 22 percent in first quarter

2013-04-24 14:45:43

T. Rowe Price Group reported Wednesday that profit rose 22 percent in the quarter from a year ago to $241.9 million, buoyed by an uptick in the market that pushed assets under management to a new record. The Baltimore-based money manager earned 91...

T. Rowe Price raises quarterly dividend

2013-02-21 16:34:00

T. Rowe Price Group announced Thursday it was raising its quarterly dividend by 12 percent to 38 cents per share. The dividend will be paid March 27 to those who are shareholders as of March 13. The Baltimore-based money manager said it has increased its...

T. Rowe Price CEO earned $8.4 million in 2012

2013-03-22 13:46:00

The top executives of T. Rowe Price Group Inc. saw their compensation rise last year, the Baltimore-based investment firm reported. CEO James A.C. Kennedy earned $8.4 million in total compensation last year, a 7 percent increase over 2011 and Brian C....

T. Rowe Price reports 23 percent increase in earnings in 4th quarter

2013-01-29 15:30:00

T. Rowe Price Group on Tuesday reported a $232 million profit for the fourth quarter, a 23 percent increase from a year earlier. The Baltimore-based investment firm earned 88 cents a share for the quarter ended Dec. 31. That's up from 73 cents a share a...

Workers, lacking time or money, leave vacation days unused

2013-01-12 00:00:00

Tisa L. Silver-Canady, who counsels University of Maryland, Baltimore students about loan repayments and runs other financial education programs at the school, realized toward the end of last year that she had not used about a third of her vacation time....

UMBC President Freeman A. Hrabowski III joins T. Rowe Price board

2013-01-03 07:47:00

Freeman A. Hrabowski III, president of the University of Maryland, Baltimore County, has joined the board of T. Rowe Price Group as an independent director, the Baltimore-based investment firm announced Thursday. Hrabowski has led the university since...

T. Rowe Price reports profit of $247.3 million in third-quarter

2012-10-24 08:05:00

Buoyed by rising assets under management and market gains, T. Rowe Price Group reported Wednesday that it earned $247.3 million, or 94 cents per share, for the third quarter. Revenue reached $769.7 million for the three months ending Sept. 30. A year...

Kamenetz's risky pension bet

2012-09-25 11:40:00

Would you borrow money to pay off your mortgage and instead risk it in the market? That is in essence what Baltimore County Executive Kevin Kamenetz would like to do by floating $255 million of pension obligation bonds to fill the official hole in the...

T. Rowe Price reports $206.8 million profit for second quarter

2012-07-25 16:55:29

T. Rowe Price Group said earnings rose to $206.8 million for the second quarter on record revenue of $736.8 million, results that fell below analysts' expectations and sent the company's shares tumbling Wednesday. On a per-share basis, the Baltimore-...

T. Rowe Price sees Facebook investment more than triple in a year

2012-05-18 17:30:02

T. Rowe Price Group's stake in Facebook Inc. more than tripled in value as the social networking giant went public Friday. At the close of the market Friday, T. Rowe's investment in Facebook was valued at $695.8 million. The Baltimore-based mutual fund...

T. Rowe closes its high-yield bond funds to new investors

2012-05-01 12:21:00

T. Rowe Price Group closed its high-yield bond funds to new investors as of Monday, the Baltimore money manager announced Tuesday. They include the investor class shares and advisor class shares of the $9.2 billion High Yield Fund as well as the $2.5...

The investor: Business in, and of, The Sun

2012-05-10 07:38:00

My first memories of The Baltimore Sun go back to 1982, when my wife and I were planning to move to Baltimore from Massachusetts. In the days before the Internet, home buyers turned to The Sun's classified ads to get their arms around the range of housing...

Headquartered in Baltimore, global financial management company T. Rowe Price has operated since 1937 according to the principle of its founder, Thomas Rowe Price Jr.: What's good for the client is good for the firm. T.

2012-12-01 00:00:00

Owner: 100 East Pratt Street Business Trust Address: 100 E. Pratt St. (Headquarters of T. Rowe Price Group ) Neighborhood: Inner Harbor Assessed value: $175,700,000 Tax credits: None Net annual tax: $4,161,736

2011-12-29 00:00:00

Total compensation in 2011: $7,885,309 Change from previous year: Up 10%

2010-02-19 00:00:00