The Zacks Consensus Estimate for T. Rowe Price's 2024 and 2025 earnings has been revised to 13.5% and 10.3% upward in the past 90 days, respectively. This shows that analysts are optimistic regarding the company's earnings growth prospects. TROW currently flaunts a Zacks Rank #1 (Strong Buy). Image Source: Zacks Investment Research Revenue Strength: Organic growth remains a key strength at T. Rowe Price, as reflected by its revenue growth story. Net revenues registered a four-year (ended 2023) compound annu ...

Strengths and weaknesses Among the main strengths is certainly the reliability that this company has built up. Operating for nearly 100 years in such a competitive market as asset management is not for everyone, and it necessarily implies a competitive advantage due to a high capacity in terms of capital allocation. After all, if T. Rowe Price funds had lost money over time, it would have been impossible to raise the dividend for three decades in a row. | % of Funds/ | U.S. Mutual Funds Outperforming | | | ...

In the context of valuation, T. Rowe Price is at present trading with a Forward P/E ratio of 13.39. This represents a premium compared to its industry's average Forward P/E of 10.47. Also, we should mention that TROW has a PEG ratio of 2.02. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Financial - Investment Management industry had an average PEG ratio of 0.94 as trading concluded yesterday. Regarding the enti ...

T. Rowe Price Group, Inc. (TROW) has announced a partnership with Ascensus to support its 529 business. This collaboration aims to strengthen the company's commitment to enhancing the education savings journey for 529 account owners. 529 education savings accounts are designed to enable customers to contribute funds tax-efficiently for expenses related to public or private college, technical/vocational schools, apprenticeship programs, education loan repayment, and certain primary and secondary school costs ...

Investors seeking attractive dividend yields amid the current uncertain macroeconomic environment can consider T. Rowe Price Group, Inc. (TROW) , a fundamentally solid investment manager. T. Rowe Price is a global investment management organization that provides a broad array of mutual funds, sub-advisory services and separate account management for individual and institutional investors, retirement plans, and financial intermediaries. The company has hiked quarterly dividends every year since its IPO in 19 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 ______________________________________ T. ROWE PRICE G ...

Financial Data and Key Metrics Changes - Total assets under management increased to $1.54 trillion as of March 31, 2024, representing a 15% increase compared to Q1 2023 [8] - Adjusted earnings per share for Q1 2024 was $2.38, up 40% from Q1 2023, driven by higher average AUM and investment advisory revenue [13] - Q1 adjusted net revenues were $1.8 billion, a nearly 14% increase from Q1 of last year [22] - Adjusted operating income increased 31% from Q1 2023 to $692 million, resulting in a rolling 12-month adjusted operating margin of 36% [23] Business Line Data and Key Metrics Changes - The retirement business is critical, with over $1 trillion in identifiable retirement assets, of which $676 billion (65%) are in U.S. defined contribution plans [28] - The target date franchise saw inflows of $6.8 billion, offset by outflows from other multi-asset products [21] - U.S. equity experienced net outflows, particularly in large and mid-cap growth strategies, but these outflows were less than half the level of the previous year [20] Market Data and Key Metrics Changes - Investment performance was solid, with 65% of funds beating their peer group one-year medians [9] - The firm retained its number one position among over 330 asset managers in the Institutional Investors 2024 ranking of America's top asset management firms [12] Company Strategy and Development Direction - The company is focused on evolving its retirement income solutions, including launching a managed lifetime income solution and a personalized retirement manager [39][38] - There is an emphasis on maintaining a strong cash position to support dividends, buybacks, and potential M&A opportunities [25] - The firm is adapting its expertise in the U.S. retirement market to pursue opportunities in international markets [35] Management's Comments on Operating Environment and Future Outlook - Management expects net outflows in 2024 but anticipates substantial improvement compared to last year, although monthly flows may be impacted by client activity [9] - The outlook for flows remains positive, with improved performance leading to less AUM marked as at risk and more notified unfunded wins [56] - Management is optimistic about the capital raising pipeline and expects mid-teens growth in capital under management for OHA [78] Other Important Information - The firm returned $365 million to shareholders in Q1 2024 through share buybacks and dividends [24] - The company has seen significant year-over-year gross sales improvement with wealth and individual investor clients [18] Q&A Session Summary Question: Retirement channel alternatives - The company is actively researching alternatives for retirement plans, but there are complexities around adding them to 401(k) plans due to daily NAV requirements and fee sensitivity [45][48] Question: Decumulation opportunities - The company believes there will not be a one-size-fits-all solution for retirement income and is focusing on offering a variety of solutions to meet diverse participant needs [52][54] Question: Trends in gross sales and redemptions - Management noted that the outlook for flows has not changed, with higher conviction that outflows will be substantially lower than last year [55][59] Question: Economics of DCIO vs. full-service record-keeping - The company sees strong potential in both segments, with proprietary products making up a significant portion of the retirement services business [68][70] Question: Growth drivers for OHA - Management is optimistic about the growth potential for OHA, particularly in dedicated senior private lending products, despite recent slower growth in fee-based AUM [78][79]

NEWS RELEASE T. ROWE PRICE GROUP REPORTS FIRST QUARTER 2024 RESULTS Capital allocation-based income represents the change in accrued carried interest. (2) See the reconciliation to the comparable U.S. GAAP measures at the end of this earnings release. (3) 1 ▪ Quarter-end assets under management of $1.54 trillion ▪ Net client outflows of $8.0 billion ▪ Diluted earnings per common share (EPS) of $2.49; Adjusted diluted EPS of $2.38 ▪ Returned $365 million to stockholders from the recurring quarterly dividend ...

Table of Contents Commission file number 000-32191 T. ROWE PRICE GROUP, INC. (Exact name of registrant as specified in its charter) Maryland 52-2264646 State of incorporation IRS Employer Identification No. 100 East Pratt Street, Baltimore, Maryland 21202 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT O ...

T. Rowe Price Group, Inc. (NASDAQ:TROW) Q4 2023 Earnings Conference Call February 8, 2024 8:00 AM ET Company Participants Linsley Carruth - Director, Investor Relations Robert Sharps - Chief Executive Officer and President Eric Veiel - Head of Global Equity and Chief Investment Officer Jen Dardis - Chief Financial Officer and Treasurer Conference Call Participants Daniel Fannon - Jefferies Michael Brown - KBW Craig Siegenthaler - Bank of America Kenneth Worthington - JPMorgan Brennan Hawken - UBS Alexander ...