Key updates surrounding the T. Rowe Price Group (TROW) reveal variegated movements in the market. The company reported a
3.8% increase in
Assets Under Management (AUM) for May albeit a higher outfall. Multiple firms have adjusted their stakes in the firm, with some, like
JLB & Associates Inc. and
Cherry Tree Wealth Management LLC, increasing their stake, while others like
CWA Asset Management Group LLC and
Boston Trust Walden Corp trimming their spend. Concurrently, T. Rowe Price showcased robust performance overshadowing other financial stocks. The company beat Q1 estimations fueled by higher revenues and AUM, pushing stock gains. However, Q4 missed the mark due to increased year-on-year costs, resulting in a 1.8% stock fall. Amidst this, TROW expanded its ETF offerings and released preliminary AUM for February and May 2025. The company's mid-year outlook and partnership with OHA and Aspida have sparked added interest. Despite weak fund performances and outflows, indicators suggest TROW to be a viable asset management stock for investors, particularly for dividend growth.
T Rowe Price Group TROW News Analytics from Wed, 20 Nov 2024 08:00:00 GMT to Sat, 21 Jun 2025 05:34:14 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 4
