NEW YORK (TheStreet) -- T. Rowe Price Group (TROW - Get Report) stock is up by 3.59% to $68.61 in late afternoon trading on Thursday, after the company reported better-than-expected 2015 fourth quarter earnings results.
Before the market open today, the financial services holding company reported earnings of $1.17 per share, while analysts were expecting earnings of $1.11 per share.
Revenue of $1.05 billion beat analysts' estimates for revenue of $1.02 billion.
Investment advisory revenues from U.S. mutual funds rose 4% to $668.2 million, the company said.
Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rates this stock as a "buy" with a ratings score of B. ROWE) GROUP (TROW) a BUY. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and expanding profit margins. We feel its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: TROWTROW data by YCharts