Solid Organic Growth and Limited Fee Compression Lifts T. Rowe Price's 2Q and First-Half Results
We've increased our fair value estimate for wide-moat T. Rowe Price to $125 per share from $115 following the release of strong first-half results from the firm. The majority of our change is related to an uptick in our assumptions about organic growth this year, which we expect to come in above our forecast range of 0%-2%, as well as slightly better pricing than we were projecting for the firm's mutual funds.ÂT. Rowe Price's total AUM of $1.044 trillion was up 2.9% sequentially and 15.5% year ...
T. Rowe Price Group is a financial services holding company that provides global investment management services. The company provide a range of United States mutual funds, subadvised funds, separately managed accounts, and other T. Rowe Price products. The company also provides certain investment advisory clients with related administrative services, including distribution, mutual fund transfer agent, accounting, and shareholder services; participant recordkeeping and transfer agent services for defined contribution retirement plans; brokerage; and trust services. The company also provide non-discretionary advisory planning services to fund shareholders and potential investors.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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