- T. Rowe Price’s assets under management stood at $1.61 trillion, matching the estimated figure.
- The company’s net revenue was reported at $1.82 billion, slightly below the predicted $1.86 billion.
- There was a decrease in assets under management by $24.3 billion.
- Adjusted operating expenses aligned with expectations at $1.22 billion.
- Spending on advertising and promotion was $50.2 million, exceeding the anticipated $42.3 million.
- Analyst recommendations included 0 buys, 11 holds, and 6 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 shows a promising long-term outlook. With solid scores in Dividend, Resilience, and Momentum, the company appears well-positioned to weather market fluctuations and generate steady returns for investors. T. Rowe’s emphasis on providing attractive dividend payments, coupled with its strong resilience and momentum, suggests a favorable future performance outlook.
T. Rowe Price Group Inc., a financial services holding company, stands out in the investment advisory sector with its diverse portfolio offerings catering to both individual and institutional investors. Specializing in managing a wide array of mutual funds and investment portfolios, the company’s balanced approach to value, growth, and dividend strategies sets a solid foundation for sustained growth and stability 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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