Company Overview - T. Rowe Price Group, Inc. (TROW) is a multinational investment manager based in Baltimore, Maryland, with a market capitalization of nearly $22.2 billion, focusing on equity and fixed income mutual funds [1] - The firm typically invests between $3 million and $5 million in late-stage venture capital projects [1] Stock Performance - TROW stock has experienced a decline of approximately 15.1% over the past 52 weeks, while the S&P 500 Index increased by 13.2% during the same period [2] - Year-to-date (YTD), TROW shares have fallen by 10.1%, contrasting with a 14.5% gain in the S&P 500 [2] - The financial sector has also been challenging for TROW, which lagged behind the S&P 500 Financials Sector SPDR (XLF), which rose by 5.7% over the past year and 8.5% YTD [3] Recent Developments - On November 12, TROW's stock rose by nearly 1.1% during trading, with preliminary assets under management reported at $1.79 trillion as of October 31 [4] - The breakdown of assets includes $902 billion in equity assets and $210 billion in fixed income, with net outflows of $5.9 billion for the month [4] Asset Composition - Retirement-related assets make up about two-thirds of TROW's total holdings, with multi-asset and alternatives assets at $622 billion and $56 billion, respectively, indicating steady growth and a strategic investment focus [5] Earnings Forecast - For the fiscal year 2025, analysts project a 4.5% year-over-year growth in earnings per share (EPS), estimating $9.75 on a diluted basis [5] - TROW has exceeded analyst expectations for three consecutive quarters, while missing on one occasion [5] Analyst Ratings - Among 14 analysts covering TROW, the consensus rating is "Hold," an upgrade from "Moderate Sell" two months ago [6] - The current ratings include one "Strong Buy," eight "Holds," one "Moderate Buy," and four "Strong Sell" recommendations [6] - The current configuration is slightly bullish compared to two months ago, when TROW had no "Strong Buy" ratings [7]

Core Viewpoint - T. Rowe Price Group, Inc. is preparing to announce its third-quarter results, with analysts projecting a slight decline in non-GAAP earnings per share compared to the previous year, while the stock has underperformed relative to broader market indices over the past year [2][4]. Financial Performance - The company is expected to report a non-GAAP profit of $2.49 per share for Q3, down 3.1% from $2.57 in the same quarter last year [2]. - For the full fiscal year 2025, analysts project a non-GAAP EPS of $9.38, a marginal increase from $9.33 in fiscal 2024, with further growth expected in fiscal 2026 to $10.03 per share, representing a 6.9% year-over-year increase [3]. - In Q2, T. Rowe's assets under management (AUM) increased by $110.5 billion to $1.68 trillion, although overall revenue dropped by 58 basis points year-over-year to $1.7 billion, missing consensus estimates [5]. Market Performance - T. Rowe Price's stock has decreased by 6.4% over the past 52 weeks, underperforming the Financial Select Sector SPDR Fund's 11.5% gains and the S&P 500 Index's 16.2% returns during the same period [4]. - Following the release of mixed Q2 results, the stock price increased by 1.6% [5]. Analyst Sentiment - Analysts maintain a cautious outlook on T. Rowe Price, with a consensus "Hold" rating. Among 14 analysts, there is one "Strong Buy," eight "Holds," one "Moderate Sell," and four "Strong Sells" [7]. - The stock is currently trading slightly below its mean price target of $106.92 [7].