T. Rowe Price European Stock
PRESX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Baltimore, MD 21202 Baltimore MD United States of America 21202
- IPO Date
- Feb 28, 1990
- CIK
- 0000313212
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price European Stock Fund (PRESX) is an open-end mutual fund that seeks long-term capital growth through investments primarily in common stocks of established European companies located in at least five countries, including Austria, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom; the fund emphasizes companies with quality management, attractive valuations, and strong cash flows without a growth or value bias. It maintains a blend investment style focused on large-cap stocks across sectors such as financial services (21.64%), healthcare (15.72%), industrials (14.62%), technology (11.85%), and consumer defensive (8.70%), with top holdings including SAP SE, Siemens AG, AstraZeneca PLC, Shell PLC, and TotalEnergies SE; the portfolio is diversified regionally with 60.53% in the Eurozone, 22.07% in the United Kingdom, and 14.19% in Europe ex-Euro. Launched on February 28, 1990, and domiciled in the United States with total net assets of approximately $910.68 million, the fund is managed by Sebastian Schrott since August 1, 2024, and carries a net expense ratio of 1.04%. The fund operates within T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered at 100 East Pratt Street in Baltimore, Maryland, which oversees about $1.63 trillion in assets under management and provides mutual funds, subadvisory services, separate accounts, and retirement solutions to individual, institutional, and intermediary clients worldwide. Recent developments at T. Rowe Price Group include the acquisition of Oak Hill Advisors in 2021 for up to $4.2 billion to expand into alternative credit and private markets, with additional payments tied to milestones beginning in 2025; a strategic collaboration with Goldman Sachs announced in September 2025 involving a up to $1 billion stock investment for public-private solutions and co-branded model portfolios launched in December 2025 targeting mass-affluent and high-net-worth clients; and new active ETF launches such as four fixed income ETFs in November 2025 and two active core equity ETFs in December 2025, alongside plans for European active ETF expansion in 2026.