Company Overview - T. Rowe Price Group, Inc. is a global investment management organization founded in 1937 and headquartered in Baltimore, managing $1.76 trillion in assets under management (AUM) as of September 30, 2025 [11]. Investment Ratings - T. Rowe Price is rated 2 (Buy) on the Zacks Rank, indicating a favorable investment outlook [11]. Growth Potential - The company has a Growth Style Score of B, forecasting a year-over-year earnings growth of 4.6% for the current fiscal year [12]. - In the last 60 days, three analysts revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.15 to $9.76 per share [12]. - T. Rowe Price has an average earnings surprise of +4%, suggesting consistent performance above expectations [12]. Style Scores - T. Rowe Price has a VGM Score of A, indicating strong performance across value, growth, and momentum characteristics [11][12].

Core Viewpoint - Emirates NBD has achieved a significant milestone by completing a record-breaking $1 billion sustainable bond issuance, marking the largest dual-tranche Blue-Green bond ever issued by a financial institution globally [1] Group 1: Bond Issuance Details - The bond issuance consists of two tranches: a Blue Tranche of $300 million with a 3-year tenor and a Green Tranche of $700 million with a 5-year tenor [7] - This issuance is conducted under the bank's Euro Medium Term Note (EMTN) Programme, making it the first publicly offered Blue Bond in the region [1][4] Group 2: Environmental Alignment - The proceeds from the bond are aligned with the United Nations Sustainable Development Goals, specifically SDG 14 (Life Below Water) and SDG 13 (Climate Action) [2] - The capital will be directed towards key environmental priorities, including marine conservation, sustainable water projects, and green initiatives [8] Group 3: Market Response and Partnerships - The bond offering attracted strong demand from global ESG-focused investors, indicating robust market confidence in Emirates NBD's credit strength and sustainability roadmap [2] - Notable participation included T. Rowe Price, a leader in blue investments, which subscribed to the Blue tranche [2] Group 4: Strategic Statements - The group head of wholesale banking at Emirates NBD emphasized the bank's role in mobilizing capital for regional environmental priorities and supporting the UAE's sustainability agenda [3] - The chief sustainability officer highlighted the transaction's transparency and impact through rigorous governance and alignment with ICMA principles [4]

Core Insights - The active ETF market experienced a split in strategy in 2025, with discretionary equity funds gaining 3.3% market share while systematic equity funds lost 1.1% [1] - Discretionary equity saw significant organic asset growth of 68.8%, contributing to the overall active ETF market reaching $476 billion across 953 launches in 2025 [3] Discretionary Equity Performance - The T. Rowe Price Capital Appreciation Equity ETF (TCAF) attracted $2.59 billion in one-year flows and achieved a 14.3% return, underscoring the appeal of discretionary equity [2] - TCAF focuses on high-quality U.S. large-cap companies with above-average growth potential and has a competitive expense ratio of 0.31%, managing $6.34 billion since its launch in June 2023 [2] Discretionary Fixed Income Performance - Discretionary fixed income led all categories with $136.9 billion in trailing 12-month flows through December 31 [4] - The T. Rowe Price QM U.S. Bond ETF (TAGG) captured $1.42 billion of those flows while delivering a 7.57% return and managing $1.54 billion in assets, with an expense ratio of only 0.08% [4] New ETF Launches - In response to the decline in systematic equity's market share, T. Rowe Price launched two active ETFs in early December that blend discretionary research with systematic implementation [5] - The T. Rowe Price Active Core U.S. Equity ETF (TACU) and the T. Rowe Price Active Core International Equity ETF (TACN) are waiving fees through January 30, 2027, resulting in net expense ratios of zero during this period [5] Investment Strategy - TACU holds 550–650 U.S. large-cap stocks with a 0.14% expense ratio, while TACN holds 400–500 international stocks with a 0.20% expense ratio after the fee waivers expire [6] - Both new equity ETFs aim to maintain low index tracking error while utilizing a blend of fundamental and quantitative research, targeting cost-conscious investors [7]

Core Insights - Oak Hill Advisors (OHA) acted as the Administrative Agent and Lead Left Arranger for a private unitranche financing to support Majesco's acquisition of Vitech Systems Group and a concurrent refinancing [1] - Majesco, backed by Thoma Bravo, specializes in cloud-native, AI-native software for the insurance sector, while Vitech provides complementary pension and benefits administration software [1] Group 1: Financing and Acquisition - OHA is the largest holder of the new debt facility, enhancing its relationship with Thoma Bravo, the largest software-focused investment firm [2] - OHA's proactive engagement with Majesco and Thoma Bravo allowed for a swift and efficient execution of the financing structure [2] Group 2: Strategic Positioning - OHA's experience as a software-focused credit provider and investor in the insurance ecosystem positions it well to partner with leaders like Majesco [3] - The combination of Vitech and Majesco is expected to create a leading platform for insurers, enhancing operational efficiency and product innovation [3] Group 3: Company Overview - OHA has over 30 years of investment experience and manages approximately $108 billion in capital across various credit strategies as of September 30, 2025 [4] - The firm emphasizes long-term partnerships, providing customized credit solutions across market cycles [4]

Core Insights - Oak Hill Advisors ("OHA") acted as the Administrative Agent and Lead Left Arranger for a private unitranche financing to support Majesco's acquisition of Vitech Systems Group and a concurrent refinancing [1] - Majesco, a portfolio company of Thoma Bravo, specializes in core software systems for property and casualty and life and annuity insurance carriers, while Vitech provides complementary software solutions for similar sectors [1] Company Overview - OHA is a leading global credit-focused alternative asset manager with over 30 years of investment experience, managing approximately $108 billion in capital across various credit strategies as of September 30, 2025 [4] - Majesco serves over 350 insurers, offering intelligent SaaS platform solutions powered by GenAI for data analytics, distribution, underwriting, and more [6] - Thoma Bravo is a major software-focused investor with over $181 billion in assets under management as of September 30, 2025, and has invested in approximately 565 companies over the past 20 years [7] Strategic Partnership - OHA's long-standing relationship with Thoma Bravo allows for proactive engagement and efficient execution of financing structures [2] - The collaboration aims to enhance operational efficiency and innovation in product offerings for the combined business of Majesco and Vitech [3]

Core Viewpoint - T. Rowe Price Group, Inc. is set to announce its fiscal fourth-quarter earnings for 2025, with analysts expecting a profit increase and a mixed performance compared to market indices [1][2]. Financial Performance Expectations - Analysts anticipate TROW to report a profit of $2.47 per share on a diluted basis, reflecting a 16.5% increase from $2.12 per share in the same quarter last year [2]. - For the full fiscal year 2025, TROW's expected EPS is $9.76, which is a 4.6% increase from $9.33 in fiscal 2024, and projected to rise to $10.40 in fiscal 2026, marking a 6.6% year-over-year growth [3]. Stock Performance - TROW stock has underperformed the S&P 500 Index, which gained 17.1% over the past 52 weeks, with TROW shares down 6.3% during the same period [4]. - The stock also lagged behind the Financial Select Sector SPDR Fund, which saw a 15.1% increase in the same timeframe [4]. Recent Earnings Report - On October 31, 2025, TROW reported its Q3 results, with an adjusted EPS of $2.81, exceeding Wall Street expectations of $2.55, and revenue of $1.89 billion, surpassing forecasts of $1.85 billion [5]. Analyst Ratings - The consensus opinion on TROW stock is moderately bearish, with a "Moderate Sell" rating overall; out of 14 analysts, nine recommend a "Hold," one a "Moderate Sell," and four a "Strong Sell" [6]. - TROW currently trades above its mean price target of $105.69, while the highest price target of $128 suggests a potential upside of 20.8% [6].

Core Insights - The podcast episode focuses on reviewing Todd Rosenbluth's favorite ETF picks from 2025, highlighting their performance and investment strategies [1][2][3] Group 1: ETF Performance - T. Rowe Price's International Equity ETF (TOUS) has outperformed both the iShares MSCI EAFE ETF (IEFA) and the S&P 500, with a year-to-date increase of 33% compared to 31% for IEFA and more than double for the S&P 500 [6] - Vanguard's 0-3 Month Treasury Bill ETF (VBIL), launched in the first quarter of 2025, has attracted $4.5 billion in assets, making it the most popular newly launched ETF this year [10][11] - NEOS's Nasdaq 100 High Income ETF (QQQI) has gathered $6 billion in assets, benefiting from options-based strategies to generate enhanced income [13][14] Group 2: Investment Strategies - The focus of the ETFs discussed includes international equity, short-term treasury investments, and growth strategies through Nasdaq-100 exposure [5][12] - The podcast emphasizes the importance of identifying trends in the ETF market, with a particular focus on actively managed and options-based strategies that have gained traction among investors [4][14]

Group 1 - T. Rowe Price Group, Inc. (NASDAQ:TROW) is recognized as one of the 13 Best Debt Free Dividend Stocks to Buy Now [1] - Keefe Bruyette analyst Alex Bond has lowered the price target for T. Rowe Price to $115 from $117 while maintaining a Market Perform rating, anticipating a supportive economic backdrop in 2026 [2] - As of November 30, T. Rowe Price reported preliminary assets under management of $1.79 trillion, with net outflows of $8.0 billion for November 2025 [3] Group 2 - CEO Robert Sharps announced a strategic collaboration with Goldman Sachs aimed at delivering diversified public and private market solutions, including a co-branded series for the Target Date franchise and model portfolios [4] - The firm has launched two new retirement allocation funds in Asia and is experiencing steady growth in its ETF business, which now has $19 billion in assets under management [5] - T. Rowe Price is a publicly traded global investment manager based in the U.S., offering a range of investment services including mutual funds and retirement solutions [6]

Core Insights - T. Rowe Price Group, Inc. (NASDAQ:TROW) is recognized among the Best Stocks for a Dividend Achievers List [1] Group 1: Price Target and Earnings Estimates - Morgan Stanley raised its price target on T. Rowe Price to $128 from $126 while maintaining an Equal Weight rating, citing weaker-than-expected client flows in Q4 [2] - The firm lowered its Q4 flow estimate by 30 basis points and reduced its Q4 earnings estimates by approximately 5% across the asset managers it covers, indicating near-term pressures rather than a long-term shift [2] Group 2: Strategic Alliances and Product Launches - Goldman Sachs Asset Management and T. Rowe Price announced the launch of co-branded model portfolios, marking the first products since their strategic alliance in September [3] - Four model portfolios are available on the GeoWealth platform, designed for registered investment advisors, with a fifth portfolio expected to launch in the first half of 2026, aimed at high-net-worth investors [4] Group 3: Company Overview - T. Rowe Price is a global investment management firm providing mutual funds, subadvisory services, separate accounts, and retirement solutions to a diverse client base including individuals, institutions, and financial intermediaries [5]

Company Performance - T. Rowe Price (TROW) stock increased by 1.47% to $104.80, outperforming the S&P 500's daily gain of 0.64% [1] - Over the past month, TROW shares appreciated by 2.96%, underperforming the Finance sector's gain of 4.92% and the S&P 500's gain of 3% [1] Upcoming Financial Results - T. Rowe Price is expected to report an EPS of $2.47, reflecting a 16.51% increase from the prior-year quarter [2] - The consensus estimate for revenue is $1.91 billion, up 4.94% from the prior-year quarter [2] Full Year Projections - For the full year, earnings are projected at $9.76 per share and revenue at $7.3 billion, showing increases of 4.61% and 2.84% respectively from the previous year [3] - Recent analyst estimate revisions indicate confidence in T. Rowe Price's business performance and profit potential [3] Valuation Metrics - T. Rowe Price has a Forward P/E ratio of 10.58, which is lower than the industry average of 12.65, suggesting it is trading at a discount [6] - The company has a PEG ratio of 2.79, compared to the industry average PEG ratio of 1.29 [7] Industry Context - The Financial - Investment Management industry, part of the Finance sector, holds a Zacks Industry Rank of 162, placing it in the bottom 35% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]