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 ...

财务数据和关键指标变化 - 第一季度调整后每股收益为2.38美元,同比增长40% [17] - 第一季度调整后净收入为18亿美元,同比增长近14% [21] - 第一季度调整后营业费用为11亿美元,同比增长近5% [22] - 第一季度调整后营业收入为6.92亿美元,同比增长31% [23] - 公司现金和可自由支配投资达29亿美元,有充足流动性支持股息分红和并购 [25] 各条业务线数据和关键指标变化 - 权益类资产净流出80亿美元,其中大型成长型策略流出较多 [18] - 固定收益类资产流出,主要来自定期存款渠道 [19] - 目标日期基金净流入68亿美元,抵消了其他多资产产品的流出 [19] - 另类投资产品流出近10亿美元,但预计全年募资将有所增加 [20] 各个市场数据和关键指标变化 - 美国和EMEA地区的结构化研究和小型股权益产品流入较好 [19] - 机构渠道的投资级债券产品流入强劲,抵消了定期存款渠道的流出 [19] 公司战略和发展方向及行业竞争 - 公司持续投资于退休收入解决方案,包括推出新的托管终身收入产品和个性化退休管理服务 [37-40] - 公司在退休收入领域的广泛分销渠道和直接投资者关系,有利于开发创新产品满足客户需求 [36][41] - 公司在美国以外市场的退休储蓄市场也有发展机会 [75] - 公司正在评估在目标日期基金中引入另类投资的可能性,但目前市场接受度有限 [46-49] 管理层对经营环境和未来前景的评论 - 公司预计2024年净流出将大幅改善,但月度流动性仍可能受到客户活动的影响 [8] - 公司对投资表现和销售渠道的改善持乐观态度,但行业整体流动性在4月有所下降 [58-64] - 公司对OHA业务的发展前景保持乐观,未来几年有望实现中个位数的管理费收入增长 [78-82] 其他重要信息 - 公司在2023年第四季度调整了费用结构,预计2024年费用将增长5%-7% [23] - 公司持续通过股票回购和现金股息向股东回馈资本 [24] - 公司在多个渠道保持销售势头,包括财富管理和个人投资者客户 [13] - 公司在机构投资者排名和"世界最受尊敬公司"评选中保持领先地位 [14-15] 问答环节重要的提问和回答 问题1 **Craig Siegenthaler 提问** 如果另类投资进入退休渠道,是通过单一投资选择还是目标日期基金? T. Rowe Price是否有在目标日期基金中引入另类投资的计划? [45-49] **Dee Sawyer 和 Robert Sharps 回答** - 目前市场对在401(k)计划中引入另类投资兴趣有限,主要受限于每日估值和流动性要求 [46-49] - 如果引入,可能会先在定制的目标日期基金中尝试,因为有更多灵活性 [46-47] - 但公司目前还没有具体计划在标准目标日期基金中引入另类投资 [48-49] 问题2 **Michael Cyprys 提问** 公司如何看待退休收入(去积累)产品的机会? 公司计划如何推出新的退休收入产品,并通过何种渠道进行分销? [52-56] **Dee Sawyer 回答** - 公司认为退休收入需求多样化,不会有一刀切的解决方案 [54-55] - 公司已推出托管支付和即将推出的托管终身收入等产品,并计划推出个性化退休管理服务 [37-40] - 公司的广泛分销渠道有利于满足不同客户群的需求 [36][41]