T. Rowe Price Group, Inc. (NASDAQ:TROW)
About T. Rowe Price Group, Inc. (NASDAQ:TROW) T. Rowe Price Group, Inc. is a financial services holding company that provides investment advisory services to individual and institutional investors in the sponsored T. Rowe Price mutual funds and other investment portfolios. The Company operates its investment advisory business through its subsidiary companies, primarily T. Rowe Price Associates, T. Rowe Price International and T. Rowe Price Global Investment Services. The Company also manages a range of United States and international stock, blended asset, bond, and money market mutual funds and other investment portfolios, which are designed to meet the varied and changing needs and objectives of individual and institutional investors. On January 20, 2010, the Company completed the acquisition of 26% equity interest in UTI Asset Management Company.
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Financials T. Rowe Price Group, Inc. (NASDAQ:TROW) generated total revenue of $587 million in current quarter which is noticeably greater than previous quarter’s revenue of $578 million. Moreover, net income has gone up that resulted in higher EPSfor the current quarter. The company’s cash flow from operation stood at $711.50 million as contrasted to last quarter’s cash flow from operation which was placed at $452.20million. Increased CFOshows that company generated more cash than its expenses. According to most recent financials as on September 30, 2010 total assets mount up to $3.56 billion. Return on equity and return on assets both are increasing. Total liabilities and total equity stand at $498.90million and $3.06billion respectively.
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