T. Rowe Price quarterly net inches up on higher assets

BOSTON, July 25 Wed Jul 25, 2012 7:47am EDT

BOSTON, July 25 (Reuters) - Money manager T. Rowe Price Group Inc said second-quarter profit rose slightly as an increase in assets under management produced higher fees.

For the three months ended June 30 the Baltimore-based company reported net income of $206.8 million, or 79 cents per share, compared with $204.7 million, or 76 cents per share, in the same period a year ago.

Analysts on average had expected 81 cents per share, according to Thomson Reuters I/B/E/S.

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