T. Rowe Price Group (TROW) made noteworthy movements in the stock market with strong institutional backing, as suggested by the significant
share purchases from numerous entities including United Community Bank, MQS Management, Hohimer Wealth Management, among others. It also experienced some cuts in holdings from firms like Provident Trust Co. and Mayflower Financial Advisors. Predictions from financial giants such as
Barclays, Wells Fargo, and JP Morgan Chase suggest a
positive forecast and a strong price appreciation for TROW.
Earnings estimates for TROW are moving higher, adding to the firm's investment appeal. However, factors such as weaker fund performance, outflows, and fee compression pose challenges. TROW's AUM rose by 3.3% in June, aided by stock market gains, but the firm also grapples with $7B monthly outflows. Looking forward, the company expanded its
ETF offerings and declared quarterly dividends. Yet, the stock hit 52-week low points multiple times amid market challenges, leading to questions about TROW's value and strength in its financial performance. The firm's AUM surged to $1.62 trillion despite dealing with a $4.4B client exodus.
T Rowe Price Group TROW News Analytics from Wed, 27 Nov 2024 08:00:00 GMT to Sat, 19 Jul 2025 06:14:46 GMT -
Rating 5
- Innovation 4
- Information 6
- Rumor -2
