T. Rowe Price Group (TROW)
T. Rowe Price Group is one of the largest publicly traded asset managers. The company provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans and financial intermediaries. The firm had assets under management of more than $1.6 trillion as of September 30th, 2024.
T. Rowe Price is a Dividend Aristocrat, having increased its dividend for 38 years in a row.
On November 1st, 2024, T. Rowe Price reported third quarter results for the period September June 30th, 2024. For the quarter, revenue grew 6.9% to $1.79 billion, though this was $60 million below estimates. Adjusted earnings-per-share of $2.57 compared favorably to $2.17 in the prior year and was $0.22 more than expected.