/T_%20Rowe%20Price%20Group%20Inc_%20logo%20and%20data-by%20Piotr%20Swat%20via%20Shutterstock.jpg)
Headquartered in Baltimore, Maryland, T. Rowe Price Group, Inc. (TROW) is a multinational investment manager with a significant presence in equity and fixed income mutual funds. It supports individuals, institutional investors, retirement plans, financial intermediaries, and large institutions with a disciplined approach to asset management. Valued at a market capitalization of nearly $22.2 billion, it generally invests between $3 million and $5 million in late-stage venture capital projects.
Despite the exposure, TROW stock has had a challenging run. Its shares fell almost 15.1% over the past 52 weeks while the S&P 500 Index ($SPX) advanced 13.2% in the same stretch. The weakness continued into the current year with a 10.1% year-to-date (YTD) decline against the benchmark gain of 14.5%.