|Bid||68.13 x 300|
|Ask||68.14 x 200|
|Day's Range||67.90 - 69.51|
|52 Week Range||62.97 - 78.95|
|PE Ratio (TTM)||13.34|
|Dividend & Yield||2.28 (3.20%)|
|1y Target Est||N/A|
Shares of T. Rowe Price Group Inc. slid 3.6% in morning trade Wednesday, after UBS flipped to bearish from bullish amid concerns over new regulatory rules going into effect next month. Analyst Brennan ...
UBS lowers its rating for T. Rowe Price shares to sell from buy, predicting the mutual fund company’s earnings will miss expectations next year.
Legg Mason Inc. launched two new funds Tuesday that the asset manager hopes will help give it a leg up on competition from passive funds. Money managers like Legg Mason and T. Rowe Price Group Inc. that put clients' money into actively managed mutual funds are facing stiff competition from companies like Vanguard, which offers passive funds that mirror the market indices. Legg Mason CEO Joseph A. Sullivan told me in an interview last week that passive strategies have become popular because they are cheaper than mutual funds that charge fees that charge fees to pay the portfolio managers.