Top 5 International Stocks To Buy For 2015: T. Rowe Price Group Inc.(TROW)
T. Rowe Price Group, Inc. is a publicly owned asset management holding company. The firm primarily provides its services to individual and institutional investors, retirement plans, and financial intermediaries. Through its subsidiaries it manages separate client-focused equity, fixed income, and balanced portfolios along with mutual funds. It also provides advisory services. The firm invests in the public equity, venture capital, and fixed income markets across the globe. T. Rowe Price Group was founded in 1937 and is based in Baltimore, Maryland with additional offices in London, United Kingdom; Central Hong Kong, Hong Kong; Tokyo, Japan; and Singapore.
Advisors' Opinion:- [By Rick Aristotle Munarriz]
Alamy What if there was a way to buy Apple (AAPL) -- recently trading near $568 a share -- for just $500? It's not an outlandish scenario. That's essentially what investors buying into Tri-Continental (TY) are doing. Like many closed-end stock funds, Tri-Continental trades for less than the value of its underlying assets. In Tri-Continental's case, its close on Dec. 24 of $20.18 is a 12 percent discount to its net asset value of $22.95 a share. Tri-Continental invests in some of the country's largest companies across various different industries. Apple just happens to be its largest holding at nearly 3 percent of the portfolio, but it's one of the many stocks in Tri-Continental that investors are buying into for pennies on the dollar. If this sounds too good to be true, you would be right. There's a catch -- and a big catch, at that. But let's first explore the largely ignored universe of closed-end funds. Fun with Funds When investors think about mutual funds they are probably referring to the wide universe of open-ended funds. Led by iconic fund families including Vanguard, Fidelity and T. Rowe Price (TROW), these conventional funds sell an unlimited number of shares. They t! ypically are priced just once at the end of every trading day. Buyers invest and sellers cash out at that day's net asset value, or the closing value of all of the stocks and investments in the funds after subtracting any liabilities that is then divided by the number of shares outstanding. Closed-end funds don't play that way. They trade throughout the day on public exchanges. Tri-Continental, for example, trades on the New York Stock Exchange. A closed-end fund doesn't create new shares when investors want to buy or subtract them when those shares are redeemed. There's a set number of shares, and the free markets of supply and demand dictate their price. Tri-Continental isn't new. The fund has been around since 1929, the same year of a historic market crash. It's one of the hund
- [By Seth Jayson]
T. Rowe Price Group (Nasdaq: TROW ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), T. Rowe Price Group met expectations on revenues and beat slightly on earnings per share. - [By Zacks]
Riding on higher revenues, T. Rowe Price Group, Inc. (NASDAQ: TROW) reported its fourth-quarter 2013 net income of $1.06 per share, beating the Zacks Consensus Estimate by 2 cents. Moreover, this significantly outperformed the year-ago earnings of 88 cents.
source from USA Best Stocks:http://www.usabeststocks.com/top-5-international-stocks-to-buy-for-2015.html
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