For Baltimore-based T. Rowe Price Group, standing pat has never sounded so good.

The investment management company impressed analysts with its 2007 first-quarter results in April and has since unveiled a new store, new Web site and a dividend for its stockholders.

Jeff Ptak, an equity analyst for Chicago-based Morningstar, said in an April 25 report that the company “notched strong revenue and earnings gains that approximate our near-term estimates. ... More fundamentally, the results do nothing to call our long-term outlook into question.”

In the first quarter of 2007, the company earned $508 million in net revenues and nearly $143 million in net income. Stockholders received diluted earnings per share of 51 cents, a 21 percent increase over 2006’s first quarter.

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Since then, Ptak said, “nothing’s really changed.”

But in June, the company announced it would open a new walk-in investment center in Boca Raton, Fla., its second in Florida including a center in Tampa. At the center, investors may receive guidance, brokerage, and open or get assistance with mutual fund accounts.

Just a month earlier, T. Rowe launched a Web site for financial intermediaries — banks, clearing firms, and brokers and dealers — providing access to institutional investment content and educational resources.

Ptak said the company’s brand has a strong pull, and as it continues to gather assets, it shows broad strength, which is “unusual” for an asset manager.

Even the stockholders are getting paybacks. On June 7, T. Rowe announced that stockholders on record by June 22 would receive a quarterly dividend of 17 cents per share today.

Despite the declared dividend, just another way to allocate capital to shareholders, Ptak said, T. Rowe will remain a long-term growth story.

“It’s not a stock to come to in a shorter term to just clip a coupon at a nice plump dividend yield,” he said.

As of Friday, T. Rowe was trading at $53.10, up 6 cents or 10 percent.

T. Rowe Price is part of The Examiner Top 10, a portfolio of some of the largest publicly traded companies in the Baltimore region.