New York, New York, June 25, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and Lead Left Arranger for a private unitranche facility to support a recapitalization of MedVet. MedVet is a founder and veterinarian owned platform that operates a leading network of specialty and emergency veterinary hospitals across the U.S. OHA was the sole lender of the private unitranche facility, consisting of a term loan and delayed draw term loan. "OHA is a true partner in this important ...

BALTIMORE, June 20, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, released its outlook for global financial markets for the remainder of 2024. Underpinning the outlook for the next six months is the change in expectations for central bank policy. Given pricing on interest rate futures, there will likely be far fewer interest rate cuts from global central banks than seemed likely at the start of the year. Equity and fixed income markets are adjusting acco ...

At the time of savings, investment solutions are primarily evaluated using a two-dimensional framework that is aimed at achieving a desired return while effectively managing risk. The latest 5-D framework for the decumulation phase of investments focuses on a wider range of objectives, including longevity risk hedge, payment level, volatility, liquidity of balance and unexpected balance depletion, addressing the need for a more comprehensive approach to retirement savings management. Sebastien Page, head of ...

Core Insights - T. Rowe Price has developed a five-dimensional (5-D) framework to assist defined contribution (DC) plan sponsors in evaluating retirement income products, addressing the lack of a common method in the industry [1][5][6] - The framework aims to provide a standard language for plan sponsors, advisors, and consultants to understand tradeoffs in retirement income solutions tailored to participant objectives [2][7] Group 1: Framework Details - The 5-D framework includes five key dimensions: longevity risk hedge, level of payments, volatility of payments, liquidity of balance, and unexpected balance depletion [2][6] - This framework allows for quantifiable metrics to assess how well various retirement income solutions can help participants achieve their specific objectives [6][7] Group 2: Industry Context - T. Rowe Price's research indicates that 71% of DC plan sponsors recognize the aging demographics of their participants, with 69% expressing a desire for more participants to retain their DC balances post-retirement [5][9] - The firm manages USD 1.54 trillion in assets as of May 31, 2024, and is recognized for its expertise in retirement solutions and active management across various investment strategies [4][8]

T. Rowe Price in Focus Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. T. Rowe Price (TROW) is headquartered in Baltimore, and is in the Finance sector. The stock has seen a price change of 6.7% since the start of the year. The financial services firm is currently shelling ou ...

TROW experienced net inflows of $6.7 billion in May 2024. At the end of May, TROW's equity products aggregated $790 billion, which increased 3.7% from the previous month's level. Fixed income (including money market) rose 6.5% to $180 billion. Further, multi-asset products were $524 billion, which jumped 3.6% from the previous month. Alternative products of $48 billion remained unchanged from the prior month's level. Over the past three months, shares of T. Rowe Price have risen 3% compared with the industr ...

BALTIMORE, June 12, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.54 trillion as of May 31, 2024. Preliminary net inflows for May 2024 were $6.7 billion, including a large institutional fixed income inflow. The below table shows the firm's assets under management as of May 31, 2024, and for the prior month-, quarter- and year-end by asset class and in the firm's target date retirement portfolios. | --- | --- | --- | --- | ...

New York, New York, June 11, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and Lead Left Arranger for a unitranche facility supporting National Carwash Solutions ("NCS"), a portfolio company of Berkshire Partners ("Berkshire"). NCS is a leading provider of car wash equipment, supplies and services to operators across North America. OHA provided half of the over one billion dollar total financing facility, consisting of a unitranche term loan, delayed draw term loan and re ...

Company Performance - The stock of T. Rowe Price has risen by 3.54% in the past month, outperforming the Finance sector's gain of 0.75% and the S&P 500's gain of 3.25% [1] - T. Rowe Price's most recent trading session ended at $115.07, reflecting a -0.42% shift from the previous trading day's closing, lagging behind the S&P 500's daily gain of 0.26% [7] - The company is predicted to post an EPS of $2.19, indicating an 8.42% growth compared to the equivalent quarter last year, with a revenue estimate of $1.78 billion, up 10.29% from the prior-year quarter [8] Earnings Estimates - For the full year, the Zacks Consensus Estimates project earnings of $8.80 per share and a revenue of $7.12 billion, demonstrating changes of +15.94% and +10.16%, respectively, from the preceding year [2] - The Zacks Consensus EPS estimate has moved 0.65% higher over the last 30 days, and T. Rowe Price currently boasts a Zacks Rank of 1 (Strong Buy) [10] Valuation Metrics - T. Rowe Price currently has a Forward P/E ratio of 13.13, which signifies a premium compared to the average Forward P/E of 10.25 for its industry [4] - The company trades at a PEG ratio of 1.98, while its industry had an average PEG ratio of 0.91 as of yesterday's close [11] Industry Context - The Financial - Investment Management industry is part of the Finance sector, with a current Zacks Industry Rank of 141, placing it in the bottom 45% of all industries [5] - The Zacks Industry Rank evaluates the power of distinct industry groups, showing that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [12]

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 ...