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 ...

The the stock of financial services firm has risen by 3.54% in the past month, leading the Finance sector's gain of 0.75% and the S&P 500's gain of 3.25%. 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. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have devel ...

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 ...