Asset manager T. Rowe Price Group, Inc. (NASDAQ:TROW) saw its stock price surge recently with the release of its recent assets under management (“AUM”) metrics. Accordingly, T. Rowe posted an October AUM of $1.28T, above its Q3 ending AUM of $1.23T.
We highlighted in our previous article that TROW looked attractive, even though it fell further to form its October lows. However, with the surge, TROW has outperformed the S&P 500 (SPX, SP500) since our last article, notching a gain of nearly 13% relative to the SPX’s 2.5% uptick.
Its recent gains are also above TROW’s 10Y total return CAGR of 10.4%, even though its YTD total return still posted a loss of nearly 36%.
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