T. Rowe Price Group's (TROW) share price has been facing some fluctuations with it recently hitting a new 12-month low, posing uncertainty about its future trajectory. Despite this, the
asset management firm has managed to secure multiple new investments from several firms including Norden Group LLC, SVB Wealth LLC, and Proficio Capital Partners LLC. However, there has also been notice of shares being sold by various entities such as Victory Capital Management Inc. and Keybank National Association OH. On a positive note, the firm has
declared a quarterly dividend that is substantially higher than last year’s, putting it on investors’ radars as a reliable dividend stock. It has also shown resilience amidst a volatile market, achieving a
record $1.65 trillion in assets, thanks to rallies that offset client withdrawals. Despite missing earnings estimate, the firm’s
assets under management (AUM) showed strong growth, leading to positive analyst forecasts. However, concerns have been raised over the future of the firm, given the decline in earnings over the past three years and an upcoming strategic partnership with OHA and Aspida. As the company gears up for its Q4 Earnings Call, the market will be watching for crucial insights into the firm's 2025 strategic outlook.
T Rowe Price Group TROW News Analytics from Mon, 30 Sep 2024 07:00:00 GMT to Sat, 08 Mar 2025 21:14:53 GMT -
Rating -2
- Innovation 4
- Information 7
- Rumor -1
