STOCK TITAN

T Rowe Price Group Inc - TROW STOCK NEWS

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.

Rhea-AI Summary

T. Rowe Price OHA Select Private Credit Fund (OCREDIT) announced financial results with total distributions of $0.87 per share in Q1 2024. The company reported strong interest income and attractive asset yields, growing net asset value per share and successful fundings. OCREDIT launched on a major wirehouse platform and issued new common shares, declaring distributions of $0.23 per share for the quarter.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
-
Rhea-AI Summary

T. Rowe Price Group, Inc. declared a quarterly dividend of $1.24 per share payable on June 27, 2024. The company's Board of Directors elected all 11 nominees, approved executive compensation, and ratified KPMG LLP as the independent registered public accounting firm for 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
dividends
-
Rhea-AI Summary

As we celebrate Asian American Native Hawaiian Pacific Islander (AANHPI) Heritage Month, T. Rowe Price recognizes the diversity and contributions of the AANHPI community. The theme emphasizes the innovation and leadership of AANHPI members in driving economic prosperity, technological advancements, and social change. Associates share their experiences and insights on advancing leaders through innovation, promoting diversity, and fostering progress.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
none
Rhea-AI Summary
T. Rowe Price Group, Inc. (TROW) reported its financial results for the first quarter of 2024. The earnings release includes updates on business performance, financial results, and a webcast with key executives. Investors can access the webcast and supplemental materials on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.77%
Tags
-
Rhea-AI Summary
Oak Hill Advisors (OHA) acts as Administrative Agent and Lead Left Arranger for Acentra Health's private refinancing, a Carlyle portfolio company. Acentra is a key player in providing technology solutions to government healthcare agencies. OHA has been a significant financier for Acentra's growth and acquisitions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
Tags
none
-
Rhea-AI Summary
T. Rowe Price transitions to Charles River's cloud-based platform for portfolio management, trading, and compliance. State Street's Alpha Data Platform will be utilized for data management. The move aims to enhance innovation and scalability for T. Rowe Price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
Rhea-AI Summary
T. Rowe Price Group, Inc. reported $1.54 trillion in assets under management as of March 31, 2024, with net outflows of $1.2 billion for March 2024 and $8.0 billion for the quarter-ended March 2024. The firm's assets across different classes and target date retirement portfolios are detailed. Q1 2024 earnings release is scheduled for April 26, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
none
-
Rhea-AI Summary
T. Rowe Price's 2023 report on 401(k) plan design and participant behavior reveals a 14% increase in average account balances to $115,000, with gains in the financial markets. Participation declined from 66% to 63%, but plans with auto-enrollment had higher participation rates. Roth contributions hit 93%, and target date products were popular investments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
Tags
none
-
Rhea-AI Summary
Oak Hill Advisors (OHA) acted as a Joint Lead Arranger for the private financing of Rimkus Consulting Group's acquisition by HGGC. The more than $400 million total financing included a unitranche term loan, delayed draw term loan, and revolver. OHA's expertise in the forensic engineering sector and experience in investing in consulting firms positioned them well for this transaction. HGGC praised OHA's partnership and support in advancing Rimkus' growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
Rhea-AI Summary
Oak Hill Advisors (OHA) arranges private financing for STV Group, Inc. in partnership with The Pritzker Organization (TPO) to support refinancing, acquisitions, and growth. OHA's $500 million facility aids in restructuring STV's capital and expansion plans, showcasing expertise in engineering and consulting industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.15%
Tags
none

FAQ

What is the current stock price of T Rowe Price Group (TROW)?

The current stock price of T Rowe Price Group (TROW) is $116.12 as of December 20, 2024.

What is the market cap of T Rowe Price Group (TROW)?

The market cap of T Rowe Price Group (TROW) is approximately 25.4B.

What services does T. Rowe Price offer?

T. Rowe Price offers mutual funds, subadvisory services, separate account management, and related services for individuals, institutions, retirement plan sponsors, and financial intermediaries.

Where is T. Rowe Price headquartered?

T. Rowe Price is headquartered in Baltimore, Maryland.

What is the total value of assets managed by T. Rowe Price?

As of April 2024, T. Rowe Price manages $1.485 trillion in assets.

What percentage of T. Rowe Price's assets are held in retirement-based accounts?

Approximately two-thirds of T. Rowe Price's managed assets are held in retirement-based accounts.

What recent partnership has T. Rowe Price announced?

T. Rowe Price recently announced a partnership with the Baltimore Orioles, becoming the exclusive investment and wealth management sponsor of the baseball club.

What is the T. Rowe Price Foundation?

The T. Rowe Price Foundation is the philanthropic arm of T. Rowe Price, supporting various community organizations and initiatives.

How does T. Rowe Price support diversity and inclusion?

T. Rowe Price supports diversity and inclusion through its supplier diversity programs and community-driven initiatives, including contributions to women-owned businesses.

What is the investment focus of T. Rowe Price's portfolio?

T. Rowe Price's investment portfolio includes equity, balanced, fixed-income, money market, and alternative offerings, with a focus on mitigating downside risks.

Does T. Rowe Price have a global presence?

Yes, T. Rowe Price has a significant global presence, with just under 9% of its AUM derived from overseas.

How can I learn more about T. Rowe Price?

For more detailed information, visit the official T. Rowe Price website at https://www.3blmedia.com/profiles/t-rowe-price.

T Rowe Price Group Inc

Nasdaq:TROW

TROW Rankings

TROW Stock Data

25.41B
217.11M
2.04%
77.19%
4.52%
Asset Management
Security & Commodity Brokers, Dealers, Exchanges & Services
Link
United States of America
BALTIMORE