Previous close | 115.49 |
Open | 113.13 |
Bid | 112.01 x 100 |
Ask | 112.12 x 100 |
Day's range | 109.54 - 113.38 |
52-week range | 87.43 - 132.76 |
Volume | |
Avg. volume | 1,091,824 |
Market cap | 25.027B |
Beta (5Y monthly) | 1.43 |
PE ratio (TTM) | 13.33 |
EPS (TTM) | 8.41 |
Earnings date | 26 Jul 2024 |
Forward dividend & yield | 4.96 (4.29%) |
Ex-dividend date | 14 Jun 2024 |
1y target est | 118.10 |
T. Rowe Price's (TROW) Q2 earnings benefit from higher net revenues and an improvement in the AUM balance. A rise in liquidity allows continued investing. However, a rise in expenses is a woe.
The growing popularity of low-cost, passively managed funds has taken market share away from active managers such as T Rowe. The market rally helped T Rowe's assets under management (AUM) withstand the onslaught. At the end of the quarter, the company's AUM, which determines its fees, grew 12% to $1.57 trillion despite $3.7 billion of net outflows.
BALTIMORE (AP) — T. Rowe Price Group Inc. TROW) on Friday reported second-quarter earnings of $483.4 million. The Baltimore-based company said it had profit of $2.11 per share.