T. Rowe Price Group Inc. stock rises Wednesday, outperforms market

Shares of T. Rowe Price Group Inc.
TROW,
+1.05%
rose 1.05% to $215.11 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
SPX,
+0.85%
rising 0.85% to 4,480.70 and the Dow Jones Industrial Average
DJIA,
+0.68%
rising 0.68% to 34,814.39. T. Rowe Price Group Inc. closed $9.45 short of its 52-week high ($224.56), which the company achieved on August 30th.

The stock underperformed when compared to some of its competitors Wednesday, as Ameriprise Financial Inc.
AMP,
+1.76%
rose 1.76% to $271.27 and Franklin Resources Inc.
BEN,
+2.30%
rose 2.30% to $32.04. Trading volume (910,722) eclipsed its 50-day average volume of 805,435.