(Market Call Minute) Prefers other names in the group.
In general, he likes the asset managers with the equity markets moving higher over the last several years, and still expects equities to move higher. Asset managers should do quite well. This is more targeted in the target date retirement type of funds, which is kind of their sweet spot because of the aging demographics. Trading at about 15-16 times forward earnings with a 12% growth rate. He prefers Blackrock (BLK-N), which is a little bit better in terms of valuations. The growth in this one is closer to 15%.
T, Rowe Price Group is a American stock, trading under the symbol TROW-Q on the NASDAQ (TROW). It is usually referred to as NASDAQ:TROW or TROW-Q
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On 2024-12-12, T, Rowe Price Group (TROW-Q) stock closed at a price of $120.96.