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TheStreet Wire

T. Rowe Price Group Reaches New 52-Week High (TROW)

By TheStreet Wire 02/01/13 - 12:19 PM EST

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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 (Nasdaq:TROW) hit a new 52-week high Friday as it is currently trading at $72.70, above its previous 52-week high of $72.65 with 585,984 shares traded as of 11:56 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

T. Rowe Price Group has a market cap of $18.09 billion and is part of the financial sector and financial services industry. Shares are up 9% year to date as of the close of trading on Thursday.

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 21.1, 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 solid stock price performance, growth in earnings per share, revenue growth, expanding profit margins and good cash flow from operations. 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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