T-Rowe Price is a US-based asset management firm that could be a good alternative investment to the S&P500.

T Rowe Price Inc (NASDAQ: "TROW") is a US-based asset management firm that offers many kinds of financial services to clients. T-Rowe stock can be looked at similar to a tracker fund which competes against the performance of the S&p500.  Over the past 5 years, T-Rowe has achieved a total return of 189%, the S&P500 on the other hand has returned 104% over the same time period.  Q3 Earnings are due 4th November 2021.

From a financial aspect, the asset management firm is in a very strong position. The total market cap is $44.2bn with 2020 revenue at $6.2bn and a profit after tax of $2.5bn. Looking into this year if numbers continue as per revenue will be about $7.51bn with a profit after tax of about $3.2bn. If these numbers do come through,  profit margins will be about 42% this year as opposed to 40% in 2020 - so a nice improvement. Looking at the balance sheet total cash on hand is $3.5bn with total assets at $11.28bn and liabilities at $3.38bn. This gives T-Rowe a L/A ratio of 30% which is very good.

From a technical aspect, the stock is somewhat mildly negative, but still holding that strong weekly trendline. Major support sits at the lower-Bollinger + trendline support at $185. This is a key level to watch. A break below here could cause a further decline to $180 then $165. Looking to the upside initial targets would be $205 followed by $210 and then $223. It could take some months before these upper levels are hit though so patience would be needed for this stock.

Overall T-Rowe stock is a good performer. It has outperformed the S&P500 since 2009 and thus could be a good alternative to such an index fund. However, that being said, this asset management firm is very dependable on running as a business, unlike the S&P500 which is a multitude of business types and styles.