- Assets Under Management: $1.57 trillion, matching estimates.
- Net Revenue: $1.73 billion, slightly below the estimate of $1.78 billion.
- Adjusted EPS: $2.26, just under the estimate of $2.29.
- Change in Assets Under Management: Increased by $26.9 billion.
- Adjusted Operating Expenses: $1.11 billion, meeting the estimate.
- Advertising and Promotion Costs: $33.3 million, higher than the estimated $26.8 million.
- Net Flows: Negative, with outflows of $3.7 billion.
- Investment Advisory Fees: $1.59 billion, just short of the $1.61 billion estimate.
- Stock Ratings: 0 buys, 10 holds, 5 sells.
A look at T. Rowe Price Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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
Analysts using the Smartkarma Smart Scores for T. Rowe Price Group have indicated a positive long-term outlook for the financial services holding company. With a strong Dividend score of 4, the company is positioned well in terms of distributing profits to shareholders. Additionally, a Resilience score of 4 suggests that T. Rowe Price Group has demonstrated stability and adaptability in various market conditions, making it a reliable investment option.
Despite having an average Value score of 3 and Growth score of 3, the company’s overall performance is bolstered by its Dividend and Resilience scores. Moreover, with a Momentum score of 3, there is steady investor interest in T. Rowe Price Group‘s offerings. This, combined with its diverse range of investment services for both individual and institutional investors, positions the company favorably for sustainable growth in the long term.
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.
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