T. Rowe Price Group Inc. / TROW

About T. Rowe Price Group Inc.

100 East Pratt St., Baltimore, Md. 21202
www.troweprice.com | 410-345-2000 | Founded: 1937

Industry: Financial Services | Category: Top Companies Headquartered in Maryland

T. Rowe Price had another very good year in 2006. Its assets under management rose to $334.7 billion, up 24 percent from the prior year's record $269.5 billion. A large part of the increase came from the growth of the firm's target-date retirement funds, launched in 2002. The funds automatically adjust their holdings in stocks and bonds according to the investor's age.
In March 2006, the firm announced the retirement of chairman and president George A. Roche. Replacements came from within. James A.C. Kennedy, director of equities, became president and chief executive as of Jan. 1. Brian C. Rogers, the firm's chief investment officer, became chairman of the board.
In November, the company became one of a handful of foreign firms to win a coveted role as manager of part of China's social security fund. In February, T. Rowe announced it would open a Toronto office to serve institutional investors.

CEO and president: James A.C. Kennedy

2006 Financial Data

Revenues: $1,815,000,000 | Net Income: $529,600,000
Asssets: $2,765,300,000 | Earnings Per Share: $1.90
Stockholder Equity: $2,426,900,000 | Annual Dividend: $0.59
Total employees: 4,605 | Local employees: 14