Outflow Resilience | T. Rowe Price shows improved asset retention with better-than-expected long-term net outflows, signaling potential market share growth |
AUM Strength | Assets under management exceed analyst estimates, highlighting T. Rowe Price's competitive edge in the investment management landscape |
Market Dynamics | Explore how T. Rowe Price navigates industry shifts towards passive investments and potential impacts of market volatility on its performance |
Future Trajectory | Keefe, Bruyette & Woods sets a $120 price target, reflecting cautious optimism amidst T. Rowe Price's efforts to reverse outflow trends |
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Shanghai, China; Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, Amsterdam, Netherlands and Washington, DC.
Metrics to compare | TROW | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipTROWPeersSector | |
---|---|---|---|---|
P/E Ratio | 13.2x | 23.4x | 8.7x | |
PEG Ratio | 0.50 | 0.37 | 0.03 | |
Price/Book | 2.5x | 8.9x | 1.0x | |
Price / LTM Sales | 3.7x | 4.1x | 2.7x | |
Upside (Analyst Target) | 1.9% | 0.7% | 13.9% | |
Fair Value Upside | Unlock | 8.5% | 3.1% | Unlock |