T Rowe Price Group Inc - TROW STOCK NEWS

T. Rowe Price Group reported preliminary month-end assets under management of $1.30 trillion as of October 31, 2020, showing slight fluctuations from the previous month.

Client transfers totaled $1.1 billion in October and $12.3 billion year-to-date, with a significant portion ($0.5 billion in October and $8.2 billion year-to-date) moving to target-date retirement trusts. The firm remains a strong presence in investment management with diversified offerings.

T. Rowe Price announced the release of a new book by Sébastien Page, head of the firm's Multi-Asset Division, titled "Beyond Diversification: What Every Investor Needs to Know About Asset Allocation". Set to publish on November 10, 2020, the book shares insights from Page's 22 years of experience in investment research. It focuses on three pillars of asset allocation: return forecasting, risk forecasting, and portfolio construction. Proceeds will benefit the T. Rowe Price Foundation, which supports community initiatives in Baltimore and globally.

T. Rowe Price Group reported its third-quarter financial results for 2020, revealing a total of $1.31 trillion in assets under management as of September 30, 2020. The firm offers a wide range of mutual funds, subadvisory services, and separate account management for various investors. T. Rowe Price emphasizes a disciplined investment approach, focusing on diversification, style consistency, and fundamental research. The earnings release can be accessed on their website.

T. Rowe Price Group has announced a quarterly dividend of $0.90 per share, payable on December 30, 2020. Stockholders must be on record by the close of business on December 15, 2020. The company, based in Baltimore, manages $1.31 trillion in assets as of September 30, 2020. Established in 1937, T. Rowe Price offers a variety of investment management services including mutual funds and separate account management.

T. Rowe Price reported preliminary assets under management of $1.31 trillion as of September 30, 2020. Client transfers from mutual funds totaled $0.5 billion in September and $2.4 billion for the quarter. Year-to-date client transfers reached $11.2 billion, including significant transfers to target-date retirement trusts. The total assets reflect a decrease from $1.34 trillion in August, indicating a possible shift in client investment strategies.

T. Rowe Price Group reported $1.31 trillion in preliminary month-end assets under management as of September 30, 2020. In September, client transfers from mutual funds to other portfolios totaled $0.5 billion, bringing the year-to-date total to $11.2 billion. Notably, $7.7 billion was transferred to target-date retirement trusts in the year-to-date period. The firm’s assets were comprised of $442 billion in equity and $78 billion in fixed income, among other categories.

T. Rowe Price Retirement Plan Services announced the launch of student loan resources this fall, aimed at enhancing financial wellness for 401(k) participants. The offering includes educational tools, employer contribution services, and student loan refinancing options provided through a partnership with SoFi. A recent survey revealed over half of respondents face challenges due to education costs, impacting their 401(k) participation. This initiative aims to assist employees in managing debt while saving for retirement, promoting better financial health and employee retention.

T. Rowe Price released a study showing that retirement savers who maintained steady savings during the 2008 Global Financial Crisis achieved better outcomes. The data reveals that 67% of consistent savers weathered volatility effectively, while 44% of those who increased savings post-crisis faced longer retirement delays. Current investor behavior during the 2020 crisis is more stable, with less than 2% changing allocations in target date funds. Automation of retirement savings since the Pension Protection Act is cited as a beneficial factor in maintaining contributions despite market conditions.

T. Rowe Price reported preliminary assets under management of $1.34 trillion as of August 31, 2020, an increase from $1.28 trillion in July. Client transfers from mutual funds totaled $1.3 billion in August and $10.7 billion year-to-date. Target-date retirement trusts received significant transfers of $1.0 billion, $1.5 billion, and $7.6 billion for August, quarter-to-date, and year-to-date, respectively. The firm's investment strategy emphasizes diversification and risk-aware management.