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Shares of T. Rowe Price Group Inc. (TROW - FusionIQ Master Score 86) surged Thursday after the investment management said its first-quarter earnings jumped 6 percent. The Baltimore-based investment management firm earned 151.5 million, or 55 cents per share, during the first quarter, a penny short of analysts average estimate, according to Thomson Financial., however analysts were encouraged by strong inflows of cash from investors during the quarter as $9.7 billion flowed into T. Rowe Price during the first quarter.
Yesterday's price breakout targets to $ 77.00 so clearly there is some nice potential upside left for T. Rowe shares. Given yesterday's spike there may be a need for some consolidation or a pullback, which could offer a good entry point.
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