T. Rowe Price Group, Inc. (TROW) has shown a robust financial performance. The company recorded a preliminary
month-end assets under management (AUM) for
January 2025 marking an
increase of 2.7% sequentially. Furthermore, the AUM reached a record $1.65T, recovering from client withdrawals due to a market rally. The
fourth quarter and
full year 2024 results were also positive, displaying strong EPS growth despite missing expectations. The Group declared a
quarterly dividend, seeing an increase from the previous year marking the
company's 39th consecutive year of dividend raise. Various
asset management firms including
Robinson Value Management Ltd., AlphaStar Capital Management LLC, and
Meritage Portfolio Management have acquired a new stake in T. Rowe Price Group. Despite strong performance, the company's share has been downgraded to 'hold' by StockNews.com and the price target was cut to $116.00 by analysts at Wells Fargo & Company. Notably, T. Rowe Price is forming a
strategic partnership with OHA and Aspida.
T Rowe Price Group TROW News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Fri, 14 Feb 2025 19:08:01 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor -4
