T. Rowe Price Group: Q4 Earnings Insights

Shares of T. Rowe Price Group 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.