TROW - T. Rowe Price: Improving Financials In A Slowing Mutual Fund Industry
2024-05-02 10:27:24 ET
Summary
- T. Rowe Price is a dividend aristocrat, operating within a slowing mutual fund industry, offering 153 funds. Despite the industry's challenges in 2022, the company is currently showing signs of improving financials.
- The company has entered the active ETF industry and alternative credit market to counter the mutual fund exposure, even though these products are still a minor component of their AUM.
- TROW stock appears overvalued against its multiple history and trades significantly higher than the industry. Therefore, the recommendation is for a hold, particularly due to their improving financials.
...
T. Rowe Price: Improving Financials, In A Slowing Mutual Fund Industry