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    <link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Investments" xlink:label="loc_us-gaap_Investments_C28602814F4AE3B2E097FC515E4CA14B" xlink:type="locator" />
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    <link:label id="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_51D370BDA579730BAD68F2B914B0D1CB_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment_51D370BDA579730BAD68F2B914B0D1CB" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Additions to property and equipment</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_DA8665F89D91C03F8FCCF2B914B1D701_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_DA8665F89D91C03F8FCCF2B914B1D701" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Cash Provided by (Used in) Investing Activities</link:label>
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    <link:label id="lab_us-gaap_PaymentsOfDividends_5742723BBBF1583337C5F2B914B1709D_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends_5742723BBBF1583337C5F2B914B1709D" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid to common stockholders of T. Rowe Price Group</link:label>
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    <link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_E909E7116A9B4EA193ACF2B914B28FE2_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_E909E7116A9B4EA193ACF2B914B28FE2" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net cash used in financing activities</link:label>
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