T. Rowe Price Group Reaches New 52-Week High (TROW)
T. Rowe Price Group (Nasdaq:TROW) hit a new 52-week high Thursday as it is currently trading at $66.05, above its previous 52-week high of $66 with 407,245 shares traded as of 12:10 p.m. ET. Average volume has been 992,500 shares over the past 30 days.
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 Thursday as it is currently trading at $66.05, above its previous 52-week high of $66 with 407,245 shares traded as of 12:10 p.m. ET. Average volume has been 992,500 shares over the past 30 days. T. Rowe Price Group has a market cap of $16.51 billion and is part of the financial sector and financial services industry. Shares are up 15.6% year to date as of the close of trading on Wednesday. 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 21.9, equal to the average financial services industry P/E ratio and 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, increase in net income, growth in earnings per share, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full T. Rowe Price Group Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.