TROW Stock Fair Value – T. Rowe Price AUM Jumps 6.1% to $1.39T in November
December 17, 2023
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The company provides services to individual and institutional investors in the United States and abroad. This is a 6.1% increase from the previous month, demonstrating the firm’s strong growth and success in the last year. T. Rowe Price ($NASDAQ:TROW) utilizes a disciplined approach to investing, and their products range from mutual funds, ETFs, retirement plans, target date funds and more. With its diverse range of services and impressive growth rate, T. Rowe Price is well-positioned to remain a leader in the investment management industry.
Analysis – TROW Stock Fair Value
GoodWhale has conducted a thorough analysis of the fundamentals of T. ROWE PRICE. Our proprietary Valuation Line has determined that the intrinsic value of T. ROWE PRICE share is approximately $142.7. However, the current stock price is trading at $99.4, indicating a 30.3% undervaluation. We believe that T. ROWE PRICE presents a great opportunity for investors as it appears to be currently trading at a discount to its intrinsic value. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for TROW. More…
| Total Revenues | Net Income | Net Margin |
| 6.34k | 1.58k | 23.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for TROW. More…
| Operations | Investing | Financing |
| 1.24k | 66.1 | -1.08k |
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 |
| 12.56k | 2.38k | 42.06 |
Key Ratios Snapshot
Some of the financial key ratios for TROW are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.2% | -7.4% | 32.1% |
| FCF Margin | ROE | ROA |
| 15.1% | 13.7% | 10.1% |
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 saw a 6.1% increase in Assets Under Management (AUM) in November, reaching a total of $1.39 trillion. This is a positive sign for investors, indicating that T. Rowe Price is continuing to grow and attract more investor dollars. Investors have also commended T. Rowe Price for its fee structure, which is lower than that of many of its peers, allowing investors to save more money in fees and take home higher returns on their investments. In addition, the firm offers a variety of services, such as retirement planning and financial planning, that can help investors maximize their portfolio returns.
