T. Rowe Price Group, Inc. reported its financial results for the second quarter of 2025, noting assets under management (AUM) of $1.68 trillion, an increase of $110.5 billion from the previous quarter. The company experienced net client outflows of $14.9 billion during this period. Diluted earnings per share (EPS) were reported at $2.24, with an equivalent adjusted diluted EPS. The firm returned $395 million to stockholders through dividends and stock repurchases, highlighting its ongoing commitment to shareholder returns.
In terms of revenue, T. Rowe Price generated net revenues of $1.7 billion, reflecting a decrease of 0.6% from the same quarter in 2024 and 2.3% from the prior quarter. Operating expenses rose by 6.5% year-over-year to $1.245 billion, driven by increased compensation and technology costs. The company employed 8,063 associates as of June 30, 2025, marking a slight increase from the previous year. T. Rowe Price anticipates filing its Form 10-Q for further details on its financial performance.
linkAug 01, 2025 07:05:28
T. Rowe Price Group, Inc. reported its financial results for the first quarter of 2025, showing a decrease in net flows of $8.6 billion compared to net flows of $19.3 billion in the previous quarter. The company's assets under management (AUM) were $1.57 trillion, down from $1.61 trillion in Q4 2024. The effective fee rate also declined to 40.0 basis points from 40.5 basis points in the previous quarter. The diluted earnings per share were reported at $2.15, a decrease from $1.92 in Q4 2024 but an increase from $2.49 in Q1 2024. Dividends per share increased slightly to $1.27 from $1.24 in the prior quarter.
The company's investment advisory revenue for Q1 2025 was $1.60 billion, with total net revenues of $1.76 billion. Operating expenses were reported at $1.17 billion, leading to an operating income of $596.3 million. T. Rowe Price noted that a significant portion of its AUM is from retirement assets, which comprised 66% of total AUM. The report indicates that while the company experienced outflows in U.S. equities, it did see inflows in target date funds, amounting to $6.3 billion during the quarter.
linkMay 02, 2025 07:12:00
T. Rowe Price Group, Inc. announced its financial results for the fourth quarter and full year of 2024, reporting total assets under management (AUM) of $1.61 trillion as of December 31, 2024. The company experienced a significant increase in net revenues, which rose to $1.82 billion in Q4 2024, marking an 11.1% increase from the same period in 2023. Additionally, diluted earnings per share (EPS) for Q4 2024 were reported at $1.92, a slight increase from $1.90 a year prior, and the firm returned $355 million to stockholders in Q4 through dividends and stock repurchases. The firm also noted growth in its ETF business and expansion into new markets, such as Canada.
Conversely, T. Rowe Price faced challenges with net client outflows, totaling $19.3 billion for Q4 2024 and $43.2 billion for the full year, although these outflows were nearly halved compared to the previous year. Performance-based advisory fees also saw a decline of 23.7% in Q4 2024, reflecting a shift in client flows towards lower-fee products. Operating expenses increased slightly by 0.1% year-over-year to $1.26 billion in Q4, driven primarily by higher compensation costs, while non-operating income dropped significantly, impacting overall profitability.
linkFeb 05, 2025 07:10:39
T. Rowe Price Group reported a third quarter 2024 net income attributable to the firm of $603 million, reflecting a 33.1% increase compared to the same period last year. The company saw a significant rise in diluted earnings per share, reaching $2.64, up from $1.97 in Q3 2023. Additionally, assets under management increased to $1.63 trillion, marking a $61.8 billion growth during the quarter. The firm returned $354 million to shareholders through dividends and stock repurchases, indicating a commitment to shareholder value.
On the downside, T. Rowe Price experienced net client outflows of $12.2 billion, which raised concerns about client retention despite the overall growth in assets under management. Operating expenses also increased by 7.6% year-over-year, reaching $1.17 billion, driven by higher compensation and distribution costs. Furthermore, the capital allocation-based income saw a notable decline, contributing only $4.6 million compared to $66.1 million in the previous year, primarily due to lower relative returns.
linkNov 01, 2024 07:13:29
T. Rowe Price has announced the establishment of the T. Rowe Price Investment Institute, aimed at enhancing investment talent development and client education. Justin Thomson, a long-time employee with extensive experience, will lead this initiative, which is set to launch in January 2025. The Institute will focus on providing valuable insights and educational resources to both clients and investment professionals, addressing current market risks and improving investment decision-making.
The formation of the Institute is seen as a positive step for T. Rowe Price, showcasing the firm's commitment to supporting its clients and investment teams. Thomson's leadership is expected to foster collaboration with experts across various fields, enriching the firm's investment strategies. This initiative aligns with T. Rowe Price's reputation for integrity and client-focused service, reinforcing its position as a leader in the asset management industry.
linkOct 01, 2024 11:04:05
T. Rowe Price Group reported a strong asset increase to $1.57 trillion, with a 7.6% rise in net revenues year-over-year. However, the company faced net client outflows of $3.7 billion and a decline in performance-based fees. Despite these challenges, the CEO noted progress in flows and investment performance, and the firm returned $396 million to shareholders through dividends and stock buybacks.
linkJul 26, 2024 07:03:00
T. Rowe Price Group released Q1 2024 earnings with additional information available online. Data as of March 31, 2024. Positive financial figures reported.
linkApr 26, 2024 07:22:05
William J. Stromberg and Dr. Freeman A. Hrabowski will retire from the Board in May 2024. Robert W. Sharps will become the new chair in addition to his current roles. Stromberg led global expansion initiatives, while Hrabowski focused on corporate social responsibility efforts. The Board appreciates their contributions. T. Rowe Price manages $1.45 trillion in assets and emphasizes client interests and active management.
linkFeb 20, 2024 16:03:46
T. Rowe Price Group reported $1.445 trillion in year-end assets under management, but experienced net client outflows of $28.3 billion for Q4 2023 and $81.8 billion for 2023. Diluted earnings per common share were $1.90 for Q4 2023 and $7.76 for 2023. The company returned $384 million in Q4 2023 and $1,376 million in 2023 to stockholders from recurring quarterly dividend and stock repurchases. Despite substantial net outflows, the CEO expressed confidence in future growth and improved investment performance.
linkFeb 08, 2024 07:02:03
T. Rowe Price Group reported preliminary month-end assets under management of $1.31 trillion for October 2023, with net outflows of $6.3 billion. The firm anticipates elevated outflows in November and December, expecting each month to exceed $10 billion. The assets under management by asset class and in the firm’s target date retirement portfolios were also provided.
linkNov 13, 2023 08:38:11