Skip to main content

Market Overview

T. Rowe Price Group: Q4 Earnings Insights

Share:

 

Shares of T. Rowe Price Group (NASDAQ:TROW) were unchanged after the company reported Q4 results.

Quarterly Results

Earnings per share were up 42.36% year over year to $2.89, which beat the estimate of $2.64.

Revenue of $1,733,000,000 rose by 17.97% year over year, which beat the estimate of $1,680,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Technicals

52-week high: $161.31

Company's 52-week low was at $82.51

Price action over last quarter: Up 23.56%

Company Profile

T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of September 2020, the firm had $1.310 trillion in managed assets, composed of equity (60%), balanced (28%) and fixed-income (12%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just 7% of its AUM from overseas.

 

Related Articles (TROW)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com