Previous Close | 108.83 |
Open | 113.00 |
Bid | 113.92 x 300 |
Ask | 114.07 x 300 |
Day's Range | 111.59 - 115.07 |
52 Week Range | 87.43 - 132.76 |
Volume | |
Avg. Volume | 1,422,480 |
Market Cap | 25.5B |
Beta (5Y Monthly) | 1.40 |
PE Ratio (TTM) | 14.69 |
EPS (TTM) | 7.76 |
Earnings Date | Jul 26, 2024 - Jul 30, 2024 |
Forward Dividend & Yield | 4.96 (4.56%) |
Ex-Dividend Date | Mar 14, 2024 |
1y Target Est | 114.80 |
Q1 2024 T Rowe Price Group Inc Earnings Call
T. Rowe Price's (TROW) Q1 earnings beat estimates on increased net revenues, an improvement in AUM and a decline in expenses. A rise in cash and cash equivalents will help it continue investing.
Asset managers have seen money leave their funds as high interest rates boost the appeal of safe-haven assets like cash. But assets under management, which determines the fees managers charge, have still grown due to an increase in the value of investments. At the end of the quarter, T Rowe's AUM was $1.54 trillion, 15% higher than last year, despite $8 billion of net outflows.