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Baltimore, Maryland-based T. Rowe Price Group, Inc. (TROW), a global investment management firm with a market cap of $24.5 billion, provides comprehensive financial services, including mutual funds and investment planning across international markets.
Shares of this asset management company have underperformed the broader market over the past year. TROW has declined marginally over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27%. In 2024, TROW stock soared 1.8% compared to SPX's 18.1% return on a YTD basis.