With the US equity markets up just 2.3% in the third quarter, the 2.2% average stock gain recorded by the traditional US asset managers kept year-to-date average total returns for the group above the market's return (as represented by the S&P 500 TR index) at the end of September.
With $1.897 trillion in AUM at the end of August 2026, T. Rowe Price is one of the larger US-based asset managers. Retirement accounts and variable-annuity portfolios, which tend to be stickier than retail assets, account for close to two-thirds of managed assets.
The firm's equity performance remains weak, with just 25% and 26% of US fund AUM beating passive peer medians on a three- and five-year basis, respectively, at the end of June 2026.
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.00 | 11.47 | 11.25 |
Price/Book Value | 2.01 | 1.28 | 1.36 |
Price/Sales | 2.96 | 1.90 | 1.75 |
Price/Cash Flow | 15.27 | 7.12 | 17.76 |
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Quick Ratio | 9.63 | 6.82 | 2.84 |
Current Ratio | 9.63 | 6.82 | 2.84 |
Interest Coverage | — | −2.05 | 18.11 |
|
Metric
|
TROW
|
IVZ
|
BEN
|
|---|---|---|---|
Return on Assets (Normalized) | 15.57% | 4.12% | 4.49% |
Return on Equity (Normalized) | 21.09% | 11.11% | 12.50% |
Return on Invested Capital (Normalized) | 17.37% | 5.80% | 5.01% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BlackRock Inc
BLK
| LOCK|&S$!k&g | LOCK|^@D | $176B | |||
| Blackstone Inc
BX
| LOCK|B%LF>& | LOCK|hW | $95B | |||
| KKR & Co Inc Ordinary Shares
KKR
| LOCK|yP^V>VV | LOCK|N$@K | $84B | |||
| Brookfield Asset Management Ltd Ordinary Shares - Class A
BAM
| LOCK|rrkn%P | LOCK|d>dN | $76B | |||
| Apollo Global Management Inc
APO
| LOCK|By$>Zb$ | LOCK|&f$z% | $68B | |||
| State Street Corp
STT
| LOCK|BFKY%z | LOCK|lFD | $46B | |||
| Ameriprise Financial Inc
AMP
| LOCK|pRw<v^m | LOCK|Mz^> | $44B | |||
| Raymond James Financial Inc
RJF
| LOCK|@V&@>& | LOCK|J$sVF | $31B | |||
| Northern Trust Corp
NTRS
| LOCK|%zbb<Z%X | LOCK|Wh | $30B | |||
| Ares Management Corp Ordinary Shares - Class A
ARES
| LOCK|!zffxN | LOCK|@^L&m | $28B |
United States