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Barchart
Barchart
Aditya Sarawgi

Is T. Rowe Price Group Stock Underperforming the Nasdaq?

Nasdaq TROW T Rowe

Baltimore, Maryland-based T. Rowe Price Group, Inc. (TROW) operates as an asset manager, managing equity and fixed income mutual funds. With a market cap of $23.3 billion, the company has a vast customer base of individuals, institutional investors, retirement plans, and financial intermediaries.

Companies worth $10 billion or more are generally described as “large-cap stocks.” T. Rowe fits this bill perfectly. Given the company’s strong presence and influence in the asset management industry, its valuation above this mark is unsurprising.

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