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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 $23.4 billion, the company has a vast customer base of individuals, institutional investors, retirement plans, financial intermediaries, and institutions.
The asset management giant has significantly underperformed the broader market over the past year. TROW stock has dropped 2.8% over the past 52 weeks and by 6% in 2025, compared to the S&P 500 Index’s ($SPX) 14.3% gains over the past year and 9% returns in 2025.