- T. Rowe’s reported assets under management hit an estimated $1.57 trillion.
- The company’s net revenue was $1.76 billion, slightly below the expected $1.77 billion.
- There was a $40.3 billion decrease in assets under management.
- Adjusted operating expenses totaled $1.14 billion, lower than the estimated $1.16 billion.
- The effective tax rate stood at 24.3%.
- Advertising and promotion costs were $26.1 million, less than the estimated $29 million.
- Investment advisory fees met expectations at $1.60 billion.
- T. Rowe’s stock ratings consist of 1 buy, 10 holds, and 5 sells.
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A look at T. Rowe Price Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
Based on Smartkarma Smart Scores, T. Rowe Price Group Inc. shows a positive long-term outlook for investors. With a high score of 5 in Dividend, the company demonstrates a strong commitment to rewarding shareholders through dividend payments. This indicates stability and a focus on providing consistent returns to investors over time. Additionally, with above-average scores in Resilience and Value at 4 and 3 respectively, T. Rowe Price Group is positioned well to weather market fluctuations and offers investment opportunities at reasonable prices.
While the Growth and Momentum scores stand at 3 each, suggesting moderate performance in these areas, the overall outlook for T. Rowe Price Group appears promising. As a financial services holding company with a diverse range of investment offerings, including U.S. and international funds, T. Rowe Price Group is solidifying its position in the market and maintaining a reputation for providing quality investment advisory services to a broad range of clients.
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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