- T. Rowe Price’s assets under management total $1.68 trillion, slightly surpassing the estimate of $1.66 trillion.
- Net revenue stands at $1.72 billion, which is slightly below the expected $1.75 billion.
- The assets under management saw an increase of $110.5 billion.
- The adjusted operating expenses matched the estimate at $1.15 billion.
- Investment advisory fees amounted to $1.57 billion, just under the forecasted $1.58 billion.
- Analyst recommendations include 0 buys, 10 holds, and 5 sells.
A look at T. Rowe Price Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| 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 the Smartkarma Smart Scores, T. Rowe Price Group is positioned favorably for the long-term. With solid scores in Dividend, Resilience, and Momentum, the company showcases strength in providing consistent payouts to shareholders, maintaining stability during market fluctuations, and displaying positive price trends. While the Value and Growth scores are moderate, indicating room for improvement in these areas, the overall outlook for T. Rowe Price Group seems positive.
T. Rowe Price Group Inc., a financial services holding company, offers investment advisory services to a wide range of investors. Managing various mutual funds and investment portfolios, the company caters to both individual and institutional clients in the U.S. and international markets. With a focus on delivering value, dividends, growth, resilience, and momentum, T. Rowe Price Group positions itself as a reputable player in the financial services industry.
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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