T. Rowe Price Group, Inc.'s Stock Analysis

T Rowe Price COO Resignation and New Leadership Announcement

T. Rowe Price Group announced the resignation of its Chief Operating Officer, Kimberly Johnson, effective December 31, 2025. Johnson has been with the firm since 2022 and has played a key role in modernizing the company’s technology and operational processes. Her departure is part of a broader strategic shift, as the firm will establish a new Technology, Data, and Operations function to enhance digital capabilities and operational excellence.

Ramon Richards, the current Chief Technology Officer, will lead this new function, focusing on integrating technology and data into the company’s operations. The transition is aimed at aligning the firm’s capabilities with changing industry dynamics and enhancing operational efficiency. T. Rowe Price manages approximately $1.77 trillion in client assets, with a significant portion related to retirement, reflecting its longstanding expertise in asset management.

Nov 03, 2025 08:39:52

T. Rowe Price Reports Q3 2025 Financial Results and AUM

T. Rowe Price Group reported third-quarter 2025 results, highlighting assets under management (AUM) of $1.77 trillion, which increased by $90.4 billion from the previous quarter. The firm experienced net client outflows of $7.9 billion during this period. Earnings per share were reported at $2.87, with adjusted earnings per share at $2.81. The company returned $442 million to shareholders through dividends and stock repurchases. Additionally, the firm noted a strategic collaboration with Goldman Sachs, aimed at enhancing its market offerings.

For the third quarter, T. Rowe Price's net revenues reached $1.9 billion, marking a 6% increase year-over-year. However, the effective fee rate decreased to 39.1 basis points, attributed to client flows towards lower-fee strategies. Operating expenses rose to $1.25 billion, with a notable restructuring charge of $28.5 million related to workforce adjustments. The firm employed 7,830 associates as of September 30, 2025, reflecting a decrease in headcount from the previous year. The effective tax rate for the year is projected to be between 23.0% and 26.0%.

Oct 31, 2025 07:01:49

T. Rowe Price Appoints Two Independent Directors to Board

T. Rowe Price Group, Inc. has expanded its Board of Directors from 11 to 13 members with the election of Allan Golston and Richard Verma as independent directors. Golston is the president of the United States Program at the Gates Foundation, bringing experience from his previous roles in finance and administration. Verma, currently the chief administrative officer for Mastercard, has a background in government and public policy, having served as the deputy secretary of state and U.S. ambassador to India. Both directors are recognized as independent according to NASDAQ and SEC regulations.

The company manages $1.77 trillion in client assets as of September 30, 2025, with a significant portion related to retirement. T. Rowe Price has a longstanding reputation for investment excellence and independent research, aiming to support its clients in navigating evolving markets. The addition of Golston and Verma is expected to enhance the Board's expertise in both the financial and public policy sectors, contributing to the firm's ongoing growth.

Oct 16, 2025 09:14:45

T. Rowe Price and Goldman Sachs Announce Strategic Collaboration

T. Rowe Price Group, Inc. has entered into a strategic collaboration with Goldman Sachs aimed at developing diversified public and private market investment solutions for retirement and wealth investors. This partnership will leverage the strengths of both firms to enhance access to private markets, focusing on delivering innovative offerings tailored to the needs of individuals, financial advisors, and plan sponsors. Goldman Sachs plans to invest up to $1 billion in T. Rowe Price common stock, acquiring up to 3.5 percent ownership.

The collaboration will introduce new co-branded target-date strategies and model portfolios, combining expertise from both firms. Additionally, they will work on multi-asset offerings that integrate various asset classes, including private equity and private credit. The partnership seeks to create scalable advisory platforms for managed retirement accounts, enhancing the range of investment strategies available to clients. This collaboration is viewed as a significant development for both companies and their clients in the wealth management space.

Sep 04, 2025 08:38:27

T Rowe Price Reports Q2 2025 Financial Results and AUM

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.

Aug 01, 2025 07:05:28

T. Rowe Price Reports Q1 2025 Financial Results

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.

May 02, 2025 07:12:00

T. Rowe Price Reports $1.61 Trillion in Assets Under Management

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.

Feb 05, 2025 07:10:39

T. Rowe Price Reports $2.64 Earnings Per Share in Q3 2024

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.

Nov 01, 2024 07:13:29

T. Rowe Price Launches Investment Institute for Client Education

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.

Oct 01, 2024 11:04:05

T. Rowe Price Reports Mixed Q2 2024 Financial Results

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.

Jul 26, 2024 07:03:00