T. Rowe Price rises after higher Q3 profit

Shares of asset manager T. Rowe Price TROW.O rise 1.8% to $104 in premarket trading

Co reports profit of $646.1 million, or $2.87 per share, in the quarter ended September 30, compared with $603 million, or $2.64 per share, a year ago

AUM surges 8.4% to $1.77 trillion, cushioning net client outflows of $7.9 billion

Ten of 15 brokerages rate stock "hold" and five "sell"; their median PT is $108 - data compiled by LSEG

As of last close, TROW shares down 9.7% YTD, lagging a 16% increase in the benchmark S&P 500 index .SPX