Welcome to our dedicated page for T Rowe Price Group news (Ticker: TROW), a resource for investors and traders seeking the latest updates and insights on T Rowe Price Group stock.
T. Rowe Price Group Inc (NASDAQ: TROW) is an independent investment management firm headquartered in Baltimore, Maryland. Founded in 1937, T. Rowe Price is dedicated to helping investors achieve their long-term financial goals. The firm offers a wide array of services including mutual funds, subadvisory services, separate account management, and other related services for individuals, institutions, retirement plan sponsors, and financial intermediaries.
Investment Products and Services: T. Rowe Price provides a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. As of April 2024, the firm manages $1.485 trillion in assets, comprising equity (51%), balanced (34%), fixed-income and money market (12%), and alternative (3%) offerings. Approximately two-thirds of its managed assets are held in retirement-based accounts, providing a stable client base, especially compared to peers.
Recent Initiatives and Achievements: The firm has been actively involved in various socio-cultural initiatives, as evidenced by its recognition of U.S. Black History Month and International Women's Day. Through its philanthropic arm, the T. Rowe Price Foundation, the company supports various community organizations, allocating over $400,000 to arts and cultural programs since 2018.
Financial Performance: In the latest quarter, T. Rowe Price reported robust financial results with assets under management reaching $1.542 trillion as of March 31, 2024. The company's diverse portfolio includes both first and second lien senior secured loans, with a strong focus on mitigating downside risks.
Global Reach: While primarily a U.S.-based asset manager, T. Rowe Price has a significant global presence, with just under 9% of its AUM derived from overseas. This international reach is further enhanced by its strategic partnerships and comprehensive investment strategies.
Key Partnerships: Recently, T. Rowe Price announced a marquee partnership with the Baltimore Orioles, becoming the exclusive investment and wealth management sponsor of the baseball club. This collaboration aims to elevate T. Rowe Price's brand visibility and engagement at both local and global levels.
Commitment to Diversity and Inclusion: The firm is committed to fostering diversity, equity, and inclusion within its operations and the broader community. This commitment is reflected in its supplier diversity programs and various community-driven initiatives, including significant contributions to women-owned businesses.
Additional Information: For more detailed information, visit the official T. Rowe Price website.
T. Rowe Price Group reported preliminary month-end assets under management of $1.54 trillion as of February 28, 2022. The firm experienced client transfers from mutual funds amounting to $1.4 billion in February 2022 and $3.6 billion for the quarter-to-date. Notably, $0.9 billion of the February transfers were to target-date retirement trusts. The firm also detailed its assets under management by investment vehicle and asset class, indicating a focus on client retention and portfolio diversification.
T. Rowe Price, a leading investment management firm, published financial planning tips for 2022, focusing on retirement savers. Key recommendations include utilizing spousal IRAs to maximize savings, evaluating options for 401(k) accounts during retirement, and routinely updating annual financial plans. Judith Ward, CFP®, emphasized the importance of setting clear financial goals, especially as many investors reassess their careers. As of January 31, 2022, T. Rowe Price managed $1.58 trillion in assets, reinforcing its expertise in guiding clients towards their financial objectives.
T. Rowe Price Group reported preliminary assets under management of $1.58 trillion as of January 31, 2022. This represents a decrease from $1.688 trillion at year-end 2021. In January, client transfers amounting to $2.2 billion were observed, including $1.9 billion to target-date retirement trusts. The report also reflects the impact of the Oak Hill Advisors acquisition completed on December 29, 2021, on the asset classes.
T. Rowe Price Group (TROW) announced a quarterly dividend of $1.20 per share, payable on March 30, 2022. This reflects an 11.1% increase from the prior dividend of $1.08 per share. The company has now increased its regular annual dividend for 36 consecutive years since its IPO. As of December 31, 2021, T. Rowe Price managed $1.69 trillion in assets, indicating robust investment management capabilities.
T. Rowe Price Group, Inc. (TROW) announced its financial results for Q4 and the full year 2021, revealing a total of $1.69 trillion in assets under management as of December 31, 2021. The firm provides a diverse range of investment services and tools, emphasizing a disciplined, risk-aware approach. Investors can find the earnings release on their official website. This report highlights the company's robust asset management capabilities and disciplined investment strategies.
T. Rowe Price Group (TROW) reported preliminary assets under management of $1.69 trillion as of December 31, 2021, following the acquisition of Oak Hill Advisors on December 29, which added $57 billion to its management. Client transfers totaled $5.4 billion for Q4 2021, contributing to a yearly total of $23.8 billion. The firm also saw a $2.5 billion redemption from U.S. mutual funds to fund the acquisition. The firm’s diversified investment approach remains focused on risk-awareness and fundamental research.
T. Rowe Price Group (TROW) has successfully completed its acquisition of Oak Hill Advisors (OHA), announced on October 28, 2021. This acquisition enhances T. Rowe Price's foothold in alternative credit markets, complementing its existing investment strategies. OHA, managing $56 billion in assets, will continue operating autonomously while contributing to T. Rowe Price's private markets business. Leaders from both firms emphasize the potential for enhanced client value through increased scale and product offerings.
T. Rowe Price has appointed Chrystal Williams as the head of its new Global Distribution Digital Solutions group, aiming to enhance the firm's digital capabilities. This initiative integrates various digital functions to improve client experiences.
Williams, boasting over 30 years in financial services, previously founded Arbi Solutions and led digital operations at Invesco. T. Rowe Price manages $1.63 trillion in assets as of November 30, 2021, focusing on investment excellence and client satisfaction.
T. Rowe Price has been selected to manage investments for MarylandSaves, a new state-run retirement program launching in summer 2022. This initiative aims to facilitate employee savings through a voluntary, automatic retirement plan that prioritizes building emergency savings first. Participants can select the T. Rowe Price Global Growth Stock Fund among four investment options. Key features include lower fees, portability, and no employer costs, potentially benefiting over 1 million residents in Maryland. The program seeks to enhance retirement savings accessibility.
T. Rowe Price announced the election of Kellye Walker as an independent director to the Boards of its mutual funds on December 15, 2021. Walker brings over 25 years of experience in corporate governance and compliance, currently serving as executive vice president and chief legal officer at Eastman Chemical Company. Her previous roles include chief legal officer positions at Huntington Ingalls Industries and American Water Works. Walker has received notable recognition, including being named to the Financial Times' 2019 "Global GC 20" list.
FAQ
What is the current stock price of T Rowe Price Group (TROW)?
What is the market cap of T Rowe Price Group (TROW)?
What services does T. Rowe Price offer?
Where is T. Rowe Price headquartered?
What is the total value of assets managed by T. Rowe Price?
What percentage of T. Rowe Price's assets are held in retirement-based accounts?
What recent partnership has T. Rowe Price announced?
What is the T. Rowe Price Foundation?
How does T. Rowe Price support diversity and inclusion?
What is the investment focus of T. Rowe Price's portfolio?
Does T. Rowe Price have a global presence?
How can I learn more about T. Rowe Price?
