T. Rowe Price Group (TROW) is navigating the challenging market environment with strategic shifts and recorded strong trading days outperforming competitors. Despite one brokerage's 'Reduce' rating, others have an upgraded 'Buy' rating and value the stock for long-term investment. TROW hit a 52-week high at $124.9 showing strong upside potential. The asset management company saw an expansion in its share repurchase authorisation and reported Q3 earnings beating estimates with a rise in AUM and revenues. The company also recorded AI-driven spend transformation. Investors have noticed TROW's strong momentum and value stock, contributing to the growth of holdings by several firms such as Benjamin Edwards Inc., Kestra Investment Management, and Bridgewater Associates. Despite reducing its stake, Stifel Financial Corp recognised TROW as a top dividend stock ideal for long-term holding. There's an expectation of strong growth in TROW's 2025 outlook despite inflation challenges. Moreover, a rise in TROW's AUM balance supports the stock this earnings season.
T Rowe Price Group TROW News Analytics from Mon, 10 Jun 2024 07:00:00 GMT to Sat, 07 Dec 2024 07:35:11 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 2
