Group 1: Podcast Overview - "The Angle" is an investment-themed podcast by T. Rowe Price, focusing on timely topics affecting financial markets and featuring executives from leading companies [1][4] - The latest episode features Jane Fraser, CEO of Citi, discussing Citi's strategic focus, global positioning, economic outlook, investor resilience, and growth opportunities in the banking sector [2][3] Group 2: Industry Insights - The banking industry is undergoing significant changes due to globalization, technological advancements, and evolving financial trends, creating new opportunities for innovation and growth [3] - Jane Fraser's leadership is highlighted as pivotal in modernizing Citi for the digital age, positioning the firm as a disrupter in the banking industry [3] Group 3: T. Rowe Price Background - T. Rowe Price manages $1.70 trillion in client assets as of July 31, 2025, with approximately two-thirds being retirement-related [6] - The firm has over 85 years of investment excellence and is known for its independent proprietary research, emphasizing a culture of integrity and prioritizing client interests [6]

Company Overview - Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience and approximately $98 billion in assets under management (AUM) as of June 30, 2025 [4][5] - The firm specializes in various credit strategies, including private credit, distressed and special situation investments, high yield bonds, leveraged loans, and collateralized loan obligations (CLOs) [4] Fund Details - OHA announced the final close of its CLO equity fund, OHA CLO Enhanced Equity Fund III (OHCEE III), with total equity commitments of $1.1 billion, enabling the deployment of approximately $10 billion in CLOs [1][2] - The fund attracted commitments from a diverse global base of investors, including pension funds, sovereign wealth funds, corporations, endowments, and family offices [2] Investment Strategy - OHCEE III aims to build on the success of its predecessor funds, OHCEE I and II, with a disciplined approach to CLO equity investing, focusing on capital preservation and long-term value creation [3][4] - The fund will utilize OHA's high-conviction approach to credit selection and portfolio construction, supported by extensive fundamental research analysis [3][4] Market Position - OHA has been a long-tenured manager in the CLO market, having issued its first CLO in 2001, and currently manages over $22 billion in CLO-related assets across multiple strategies [3][4] - The CLO equity market presents compelling opportunities for managers who can effectively navigate complexity and manage risk, with OHCEE III designed to generate alpha and deliver attractive, risk-adjusted returns [4]

Core Insights - Three stocks are highlighted with strong momentum characteristics and a buy rank as of August 29th [1][2][3] Group 1: FVCBankcorp, Inc. (FVCB) - FVCBankcorp is a bank holding company for FVCbank with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings increased by 5.2% over the last 60 days [1] - FVCBankcorp's shares gained 16.2% over the last three months, outperforming the S&P 500's advance of 10.1% [1] - The company has a Momentum Score of A [1] Group 2: Oshkosh Corporation (OSK) - Oshkosh Corporation is a purpose-built vehicles and equipment company with a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings increased by 6.5% over the last 60 days [2] - Oshkosh's shares gained 44.3% over the last three months, significantly outperforming the S&P 500's advance of 10.1% [2] - The company has a Momentum Score of B [2] Group 3: T. Rowe Price Group, Inc. (TROW) - T. Rowe Price Group is an investment management company with a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings increased by 10.3% over the last 60 days [3] - T. Rowe's shares gained 15.7% over the last three months, also outperforming the S&P 500's advance of 10.1% [3] - The company has a Momentum Score of B [3]

If I showed up in your office tomorrow and said, "Look, I have a million dollars. What should I do with a million dollars?" Yeah. Again, I think to some extent it probably depends on your risk tolerance, but there are a number of Toro price funds that I would wholeheartedly recommend. Global focused growth, capital appreciation, our US structured research strategy that's managed by our research analysts.Um, you know, all of them have very strong long-term track records and, you know, I think for somebody wi ...

Group 1 - The stock of T. Rowe Price Group, Inc. (TROW) is experiencing significant attention due to high implied volatility in the options market, particularly the Sept. 19, 2025 $140 Put option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in T. Rowe Price Group's stock price [2] - T. Rowe Price Group holds a Zacks Rank 2 (Buy) in the Financial - Investment Management industry, which is in the top 28% of the Zacks Industry Rank [3] Group 2 - Over the past 60 days, five analysts have raised their earnings estimates for T. Rowe Price Group for the current quarter, increasing the Zacks Consensus Estimate from $2.26 to $2.40 per share [3] - The high implied volatility may indicate a developing trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility [4]

Core Insights - The article discusses the T. Rowe Price Blue Chip Growth ETF (NYSEARCA: TCHP) as an alternative investment opportunity to the S&P 500 while still providing exposure to large-cap stocks [1]. Group 1 - The author has over 20 years of experience in the financial world, including roles as an advisor, teacher, and writer [1]. - The belief in the efficiency of financial markets is emphasized, suggesting that most stocks reflect their real current value [1]. - The best profit opportunities are identified in stocks that are less widely followed or those that do not accurately reflect existing market opportunities [1].

Industry Overview - The Zacks Investment Management industry is experiencing growth driven by asset growth, digital transformation, evolving investment vehicles, deeper personalization, and strategic scale [1] - The industry consists of companies managing securities and funds for clients, earning revenue through service fees or commissions [3] Investment Trends - Asset inflows are expected to continue driving growth in assets under management (AUM), with institutional interest increasing from pension funds, endowments, and insurers [4] - There is a notable rise in inflows into alternative investments, including index funds, private credit funds, and ETFs, alongside growing interest in tokenized assets [5] - The industry is witnessing ongoing mergers and partnerships to enhance scale, reduce costs, and improve resilience [6][7] Financial Performance - The Zacks Investment Management industry has outperformed the S&P 500 Index and the broader finance sector, with a collective stock increase of 58.5% over the past two years [13] - The industry's current trailing 12-month price-to-tangible book ratio (P/TB) is 4.64X, indicating a significant discount compared to the S&P 500's 12.98X [17] Company Highlights - **T. Rowe Price Group, Inc. (TROW)**: As of June 30, 2025, TROW had $1.68 trillion in AUM, with a CAGR of 2.3% over the past four years. The company is focusing on expanding its business through partnerships and acquisitions [24][27][28] - **SEI Investments Company (SEIC)**: SEIC reported $517.5 billion in AUM as of June 30, 2025, with a CAGR of 8.2% over the past five years. The company is enhancing its technology and expanding its global presence through strategic acquisitions [32][33][36] - **Federated Hermes, Inc. (FHI)**: FHI had $845.7 billion in AUM as of June 30, 2025, with a CAGR of 7.4% over the past four years. The company is actively seeking alliances and acquisitions to drive AUM growth [40][42]

Core Insights - T. Rowe Price Group (TROW) achieved a 6.9% year-over-year growth in assets under management (AUM), reaching $1.68 trillion in the first half of 2025, driven by favorable market conditions and strength in multi-asset and fixed income [1][8] - The company has shown a compound annual growth rate (CAGR) of 2.3% in AUM over the past four years (2020–2024) [1] - T. Rowe Price's U.S. mutual funds have outperformed the Morningstar median in 50% of cases and 52% against passive peers over the five years ending June 30, 2025 [4] AUM Performance - Target-date funds represent a significant portion of T. Rowe Price's AUM, totaling $520 billion, which is nearly 66% of the total AUM as of June 30, 2025 [5][8] - The company is expanding its growth engines through ETFs and an alternatives platform aimed at institutional investors, which helps mitigate pressures from outflows in traditional active equity funds [5][6] Competitive Landscape - T. Rowe Price's peers, Franklin Resources (BEN) and Lazard Ltd. (LAZ), are also focusing on AUM expansion, with Franklin reporting a five-year AUM CAGR of 3.1% and Lazard an eight-year CAGR of 1.7% through 2024 [7] - In the first half of fiscal 2025, Franklin's total AUM decreased, while Lazard's AUM improved [7] Financial Performance - T. Rowe Price's shares have increased by 10.7% over the past three months, compared to the industry's growth of 11.9% [10]

Core Insights - T. Rowe Price Group, Inc. (TROW) reported preliminary assets under management (AUM) of $1.70 trillion for July 2025, reflecting a 1.6% increase from the previous month [1][7] - The company's diversified business model and strong brand are expected to support future AUM growth despite concerns over reliance on investment advisory fees [4] AUM Performance Breakdown - TROW's equity products reached $859 billion, up 2.4% from the prior month [2][7] - Fixed income products, including money market, grew 1% to $202 billion [2][7] - Multi-asset products totaled $586 billion, showing a slight increase [2] - Alternative products valued at $56 billion increased by 1.8% from the previous month [2] Target Date Retirement Portfolios - T. Rowe Price registered $524 billion in target date retirement portfolios in July 2025, showing a marginal increase from the prior month [3] Comparison with Other Asset Managers - Franklin Resources, Inc. (BEN) reported preliminary AUM of $1.62 trillion as of July 31, 2025, with a slight increase attributed to market impacts and flat long-term net inflows [5] - Invesco (IVZ) announced AUM of $2,024.5 billion for July 2025, up 1.2% from the previous month, influenced by favorable market returns despite a negative impact from foreign exchange [6]

Core Viewpoint - T. Rowe Price (TROW) has received an upgrade to a Zacks Rank 1 (Strong Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the importance of changing earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of a company's shares, leading to buying or selling actions that affect stock prices [4]. Business Improvement Indicators - The rising earnings estimates and the Zacks rating upgrade for T. Rowe suggest an improvement in the company's underlying business, which could lead to increased stock prices as investors respond positively [5][10]. - For the fiscal year ending December 2025, T. Rowe is expected to earn $9.05 per share, with a 9.9% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions and potential for market-beating returns [9][10].