T. Rowe Price Group Stock Hits New 52-Week High (TROW)
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
NEW YORK (TheStreet) -- T. Rowe Price Group (TROW">TROW) hit a new 52-week high Wednesday as it is currently trading at $76.05, above its previous 52-week high of $76 with 913,553 shares traded as of 3:36 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.
T. Rowe Price Group has a market cap of $19.2 billion and is part of the financial sector and financial services industry. Shares are up 14.3% year to date as of the close of trading on Tuesday.
T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. The company has a P/E ratio of 22.1, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates T. Rowe Price Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full T. Rowe Price Group Ratings Report.
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