T. Rowe Price Group, Inc.’s Stock Price Dips to $112.08, Marking a 2.95% Decline: Time to Buy?

T. Rowe Price Group, Inc. (TROW)

112.08 USD -3.41 (-2.95%) Volume: 1.97M

T. Rowe Price Group, Inc.’s stock price stands at 112.08 USD, experiencing a decline of -2.95% this trading session with a trading volume of 1.97M, yet showing a positive YTD change of +4.08%, indicating a resilient performance in the market.

Latest developments on T. Rowe Price Group, Inc.

T. Rowe Price Group‘s stock price movements today are influenced by the company’s strong performance in the second quarter of 2024. The company reported a jump in profits, driven by a boost from the market rally. Despite a three-year streak of outflows, the CEO is optimistic about a turnaround in 2025. T. Rowe Price beat earnings estimates in Q2, with assets under management rising year over year. However, the stock underperformed compared to competitors, despite daily gains. The company’s investment advisory fees rose, but revenue missed estimates, leading to a dip in share prices. Overall, T. Rowe Price’s financial performance and strategic initiatives are closely watched by Wall Street forecasters, shaping investor expectations for the future.

A look at T. Rowe Price Group, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for T. Rowe Price Group, the company seems to have a solid long-term outlook. With high scores in Dividend and Resilience, it indicates that the company is well-positioned to provide stable returns to investors over time. The Growth score, although not as high, still shows potential for future expansion and development.

While the Value and Momentum scores are not as strong, the overall picture for T. Rowe Price Group appears to be positive. As a financial services holding company that provides investment advisory services, T. Rowe manages a diverse range of investment portfolios, which may contribute to its Resilience score. Investors may find T. Rowe Price Group to be a reliable option for long-term investment opportunities.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma