T. Rowe Price Group Stock Soars on Strong Trading Day
July 1, 2023
☀️Trending News
T. Rowe Price ($NASDAQ:TROW) Group Inc. stock has soared on a strong trading day, rising above the market on Monday. The company is a leading global investment management firm that offers a wide range of mutual funds, advisory services, and other investment products to individual and institutional investors around the world. With over $1 trillion assets under management, T. Rowe Price provides diversified portfolios, disciplined risk management, and an experienced team of investment professionals with deep knowledge of global markets. This strong trading on Monday suggests that investors are confident in the company’s future prospects, giving T. Rowe Price stock an impressive surge in the market.
Market Price
Opening at $112.1, the stock closed at $112.0, representing a 0.8% increase from its last closing price of $111.2. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TROW. More…
| Total Revenues | Net Income | Net Margin |
| 6.16k | 1.38k | 25.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TROW. More…
| Operations | Investing | Financing |
| 1.77k | -102.8 | -1.58k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for TROW. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.16k | 2.08k | 40.29 |
Key Ratios Snapshot
Some of the financial key ratios for TROW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.3% | -6.4% | 34.0% |
| FCF Margin | ROE | ROA |
| 24.7% | 14.7% | 10.8% |
Analysis
At GoodWhale, we have conducted an analysis on T. ROWE PRICE’s wellbeing. Our Star Chart shows that T. ROWE PRICE is especially strong in terms of asset, dividend, and profitability. On the other hand, it is weaker in terms of growth. After our analysis, we classified T. ROWE PRICE as a “cow” company, meaning that it has the track record of paying out consistent and sustainable dividends. It is likely that investors who seek consistent dividends and relatively stable returns would be interested in such a company. In addition, we assigned T. ROWE PRICE a health score of 10/10 in regards to its cashflows and debt. This indicates that it is capable of paying off debts and fund future operations. 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 been a strong performer in the stock market lately, with their stock price increasing significantly on strong trading days. Analysts have noted the company’s strong balance sheet and long-term performance record, which have helped insulate it from market volatility. T. Rowe Price’s ability to adapt to changing market conditions and its diversified portfolio of products have been strong drivers of the company’s growth.
Additionally, T. Rowe Price has a strong commitment to customer service and offers a personalized investment experience. For these reasons, T. Rowe Price remains a top choice among investors looking to diversify their portfolios and achieve their financial goals.
