Net income attributable to T. Rowe Price (on a GAAP basis) was $483.4 million, which increased 1.5% year over year. Investment advisory fees increased 10.8% year over year to $1.59 billion. Our estimate for investment advisory fees was $1.54 billion. As of Jun 30, 2024, T. Rowe Price employed 7,929 associates, up 0.3% year over year. In the second quarter, net market appreciation and income of $30.6 billion positively impacted TROW's AUM. However, net cash outflows were $3.7 billion. TROW's solid AUM balanc ...

| --- | --- | |------------------------------------|-------| | (in millions) \nRemaining 2024 | 42.8 | | 2025 | 82.2 | | 2026 | 65.2 | | 2027 | 45.3 | | 2028 | 14.3 | Our indefinite-lived intangible assets are tested for impairment annually, in the fourth quarter, or more frequently if events or changes in circumstances indicate that it is more likely than not that the intangible asset is impaired. Based on a review of qualitative factors, primarily the future outlook, we determined it was necessary to perf ...

Here is how T. Rowe performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: T. Rowe Price (TROW) reported $1.73 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 7.7%. EPS of $2.26 for the same period compares to $2.02 a year ago. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their ne ...

T. Rowe Price Group, Inc. (NASDAQ:TROW) Q2 2024 Earnings Call Transcript July 26, 2024 8:00 AM ET Company Participants Linsley Carruth - Director of IR Rob Sharps - CEO and President Jen Dardis - CFO Eric Veiel - Head of Global Investments Conference Call Participants Operator Linsley Carruth I'd like to remind you that during the course of this call, we may make a number of forward-looking statements and reference certain non-GAAP financial measures. Please refer to the forward-looking statement language a ...

T. Rowe Price (TROW) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $2.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.44%. A quarter ago, it was expected that this financial services firm would post earnings of $2.01 per share when it actually produced earnings of $2.38, delivering a surprise of 18.41%. Over the last four quarter ...

NEWS RELEASE ▪ Net client outflows of $3.7 billion ▪ Diluted earnings per common share (EPS) of $2.11 ▪ Adjusted diluted EPS of $2.26 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|-----------|-------|-----------|-------------------------------------|-------|-----------|------------| | (in millions, except per-share data) \nU.S. GAAP basis | | 6/30/2024 | | 6/30/2023 | Three months ended (1) Change | ...

Sustainable Investment Award Recognizes T. Rowe Price and International Finance Corporation's Partnership to Grow the Blue Bond Market "We are delighted to have been chosen as the winner of the ESG investment initiative of the year, Americas, award," said Tongai Kunorubwe, head of ESG fixed income investing at T. Rowe Price. "Alongside our partners at IFC, we believe that investment in the blue economy is critical in addressing the planetary and societal risks posed by the current chronic underfunding that ...

In the last reported quarter, the company's earnings surpassed the Zacks Consensus Estimate. Its net revenues were supported by a rise in assets under management (AUM). Key Factors & Estimates for Q2 The Zacks Consensus Estimate for total AUM is pegged at $1.54 billion, indicating a 3.8% increase on a sequential basis. Our estimate for the same is pegged at $1.56 billion. T. Rowe Price Group, Inc. (TROW) is scheduled to report second-quarter 2024 results on Jul 26, before the opening bell. TROW's quarterly ...

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in m ...

The market expects T. Rowe Price (TROW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discuss ...