T. Rowe Price Group Stock Rises Wednesday, Outperforms Market

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On Wednesday, the stock of T. Rowe Price ($NASDAQ:TROW) Group Inc. rose significantly, outperforming the market. T. Rowe Price is a Baltimore-based asset management company that specializes in mutual funds, ETFs, IRAs, and other financial products. Investors have been bullish on T. Rowe Price stock this week, sending the price higher on Wednesday.

This bullish sentiment is likely driven by T. Rowe Price’s strong performance in recent months, with the company posting impressive earnings in its last quarterly report. Moreover, investors may be optimistic about the company’s future prospects, as it continues to expand its presence across the globe and expand its suite of financial products.

Price History

The stock opened at $97.7 and closed at $98.3, up from the previous closing price of 97.8. The increase in T.ROWE PRICE stock came as a surprise to investors, who had been anticipating a decrease from the previous day’s close. Analysts believe the stock will continue to remain relatively stable in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for TROW. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for TROW. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for TROW. More…

Key Ratios Snapshot

Some of the financial key ratios for TROW are shown below. More…

Analysis

After thoroughly analyzing the fundamentals of T. ROWE PRICE, GoodWhale has concluded that the company is strong in dividend and profitability, medium in asset, and weak in growth. Based on these ratings, we have classified T. ROWE PRICE as a ‘cow’, which is a type of company that has the track record of paying out consistent and sustainable dividends. This type of company is likely to be attractive to conservative investors who are seeking steady passive income, retirees, and those who are looking for sustainable dividend payments that can support their lifestyles. Additionally, considering its cash flows and debt, GoodWhale has assigned T. ROWE PRICE a health score of 10/10, demonstrating its capability to sustain future operations during times of crisis. Overall, this company is great pick for conservative investors looking for a safe bet with consistent returns. More…

Peers

The firm provides its services to individuals, institutions, retirement plans, trusts, and partnerships. It launches and manages equity, fixed income, balanced, and commodity mutual funds. The company was founded in 1937 and is headquartered in Baltimore, Maryland. As of December 31, 2017, T. Rowe Price Group Inc had $934.2 billion in assets under management (AUM). Federated Hermes Inc, Franklin Resources Inc, and ABC arbitrage SA are all competitors of T. Rowe Price Group Inc. Federated Hermes Inc is a global investment manager that offers a range of investment products, including equities, fixed income, and alternatives. As of December 31, 2017, Federated Hermes Inc had $590.6 billion in AUM. Franklin Resources Inc is a global investment management company that provides investment management and related services to institutional and individual investors. As of June 30, 2018, Franklin Resources Inc had $737.2 billion in AUM. ABC arbitrage SA is a French asset management company that specializes in convertible bonds and global equity markets arbitrage. As of December 31, 2017, ABC arbitrage SA had €5.4 billion in assets under management.

– Federated Hermes Inc ($NYSE:FHI)

Federated Hermes Inc. is a publicly traded company with a market capitalization of $2.86 billion as of 2022. The company has a return on equity of 22.41%. Federated Hermes Inc. is a financial services company that provides asset management and related services to individuals, families, institutions, and businesses. The company offers a broad range of investment strategies and products, including equity, fixed income, and alternative investments.

– Franklin Resources Inc ($NYSE:BEN)

Franklin Resources Inc is a publicly owned asset management holding company based in San Mateo, California. The company, through its subsidiaries, manages mutual funds and other investment portfolios. It also provides investment management and advisory services to institutional clients. As of December 31, 2020, Franklin Resources Inc had $744.2 billion in assets under management.

The company’s market cap is 11.69B as of 2022. The company has a return on equity of 12.45%. The company’s primary business is managing mutual funds and other investment portfolios. The company also provides investment management and advisory services to institutional clients.

– ABC arbitrage SA ($LTS:0OPJ)

ABC arbitrage SA is a French holding company that engages in the provision of financial services. The company operates through the following segments: Asset Management, Corporate Finance, and Market Making. The Asset Management segment offers investment products and services to individuals, professionals, and institutional clients. The Corporate Finance segment provides financing and advisory services to companies. The Market Making segment deals with market making activities in listed securities. ABC arbitrage SA was founded in 1991 and is headquartered in Paris, France.

Summary

T. Rowe Price Group Inc. has seen its stock price rise on Wednesday, significantly outperforming the overall market. This indicates that the company’s investment strategies and products are proving to be attractive to investors. Analysts believe that T. Rowe Price’s investments are proving to be successful due to their commitment to long-term value and their diversified portfolio approach. The company has also managed to make smart investments in a variety of asset classes, including stocks, bonds, mutual funds, and ETFs.

Furthermore, its focus on low-cost investing and strong customer service have made it a go-to for many investors. As such, investors should look to the company for potential investment opportunities in the future.