T. Rowe Price reports before the bell with active managers under pressure to stem outflows after Franklin Resources posted $18.4 billion in net inflows yesterday.
T. Rowe Price :
TROW
TROW
Stock Data
$114.31
$0.69 (0.61%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
ASSET MANAGEMENT
T. Rowe Price Group Inc is a global investment management firm headquartered in Baltimore, Maryland. It offers a wide range of financial services including managing equity and fixed income mutual funds for individuals, institutional investors, and retirement plans. The company is known for its fundamental and quantitative analysis to guide its investment decisions, focusing on environmental, social, and governance issues. T. Rowe Price also participates in late-stage venture capital investments, emphasizing a commitment to research and socially responsible investing.
Latest Activity
T. Rowe Price beat earnings expectations on the back of record $1.89 trillion in assets under management, though net revenues fell just short of consensus as fundamental active equity strategies continue to hemorrhage outflows. Record ending AUM and positive client flows in May and June hint the firm's push into ETFs and separately managed accounts is gaining traction.
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