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T. Rowe Price Group Inc (TROW.OQ)

TROW.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

T. Rowe Price Group Says CEO's FY 2018 Total Compensation Was $13.1 Mln vs $11.7 Mln In FY 2017
Thursday, 14 Mar 2019 09:10am EDT 

March 14 (Reuters) - T. Rowe Price Group Inc ::T. ROWE PRICE GROUP INC SAYS CEO WILLIAM STROMBERG'S FY 2018 TOTAL COMPENSATION WAS $13.1 MILLION VERSUS $11.7 MILLION IN FY 2017 - SEC FILING.T. ROWE PRICE GROUP INC SAYS VICE CHAIRMAN EDWARD BERNARD'S FY 2018 TOTAL COMPENSATION WAS $8.63 MILLION VERSUS $8.05 MILLION IN FY 2017.T. ROWE PRICE GROUP INC SAYS GROUP CHIEF INVESTMENT OFFICER ROBERT SHARPS'S FY 2018 TOTAL COMPENSATION WAS $12.6 MILLION VERSUS $10.8 MILLION IN FY 2017.  Full Article

T. Rowe Price Chairman To Retire From Board In April 2019, CEO William Stromberg To Assume Chairman Role
Wednesday, 13 Feb 2019 08:30am EST 

Feb 13 (Reuters) - T. Rowe Price Group Inc ::T. ROWE PRICE CHAIRMAN BRIAN ROGERS TO RETIRE FROM BOARD IN APRIL 2019; CEO WILLIAM STROMBERG TO ASSUME CHAIRMAN ROLE.T. ROWE PRICE GROUP INC - FIRM ALSO DECLARES QUARTERLY DIVIDEND, INCREASES STOCK REPURCHASE AUTHORIZATION.T. ROWE PRICE GROUP INC - CEO WILLIAM STROMBERG TO ASSUME CHAIRMAN ROLE.T. ROWE PRICE GROUP INC - ALSO APPROVED A 10 MILLION SHARE INCREASE IN COMPANY'S AUTHORIZATION TO REPURCHASE ITS COMMON STOCK.T. ROWE PRICE GROUP INC - BOARD DECLARED A QUARTERLY DIVIDEND OF $0.76 PER SHARE PAYABLE MARCH 29, 2019.T. ROWE PRICE GROUP INC - QUARTERLY DIVIDEND RATE REPRESENTS AN 8.6% INCREASE OVER PREVIOUS QUARTERLY DIVIDEND RATE OF $0.70 PER SHARE.T. ROWE PRICE GROUP INC - STROMBERG WILL BECOME CHAIRMAN OF BOARD, IN ADDITION TO CONTINUING AS PRESIDENT AND CEO OF FIRM.  Full Article

T. Rowe Price Group Reports Fourth Quarter And Full Year 2018 Results
Wednesday, 30 Jan 2019 07:31am EST 

Jan 30 (Reuters) - T. Rowe Price Group Inc ::T. ROWE PRICE GROUP REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS.DILUTED EARNINGS PER COMMON SHARE OF $1.41 FOR Q4 2018.ADJUSTED DILUTED EARNINGS PER COMMON SHARE OF $1.54 FOR Q4 2018.ASSETS UNDER MANAGEMENT DECREASED $121.5 BILLION IN THE FOURTH QUARTER OF 2018 TO $962.3 BILLION AT DECEMBER 31, 2018.FIRM'S NET CASH OUTFLOWS WERE $8.4 BILLION IN THE FOURTH QUARTER OF 2018.QTRLY INVESTMENT ADVISORY FEES $1,183.7 MILLION VERSUS $$ 1,158.2 MILLION REPORTED LAST YEAR.Q4 EARNINGS PER SHARE VIEW $1.60 -- REFINITIV IBES DATA.NET REVENUES EARNED IN THE FOURTH QUARTER OF 2018 WERE $1.3 BILLION, UP 0.6 PCT.Q4 REVENUE VIEW $1.32 BILLION -- REFINITIV IBES DATA.OPERATING EXPENSES WERE $762.7 MILLION IN Q4 OF 2018 COMPARED WITH $766.6 MILLION IN THE FOURTH QUARTER OF 2017.CURRENTLY EXPECTS ITS 2019 NON-GAAP OPERATING EXPENSE GROWTH TO BE IN THE RANGE OF 4 PCT TO 7 PCT.SAYS "STEEP EQUITY DECLINES DROVE OUR AUM LOWER" IN THE QUARTER, "PARTICULARLY IN DECEMBER".T. ROWE PRICE - AFTER DELL APPRAISAL RIGHTS MATTER JUDGMENT, HAD REDUCTION IN OPERATING. EXPENSES OF $15.2 MILLION TO ACCOUNT FOR REPAYMENTS FROM CLIENTS IN QUARTER.T. ROWE PRICE SAYS IN QUARTER, "REALIZED NET OUTFLOWS DUE TO ELEVATED MARKET VOLATILITY-DRIVEN REDEMPTIONS, SIMILAR TO BROAD INDUSTRY NET CASH FLOW TRENDS".BROAD FOURTH QUARTER MARKET DECLINES WILL IMPACT CO'S NEAR-TERM FINANCIAL RESULTS.  Full Article

Convoy Raises $185 Million Led By CapitalG
Friday, 21 Sep 2018 06:00am EDT 

Sept 21 (Reuters) - Alphabet Inc ::CONVOY RAISES $185 MILLION LED BY CAPITALG.CONVOY- SECURED $185 MILLION IN SERIES C FINANCING LED BY CAPITALG, GROWTH EQUITY INVESTMENT FUND OF ALPHABET.CONVOY SAYS AS PART OF NEW INVESTMENT, DAVID LAWEE FROM CAPITALG WILL JOIN BOARD OF DIRECTORS.CONVOY SAYS MORE THAN $265 MILLION TOTAL CAPITAL RAISED TILL DATE.CONVOY SAYS WILL USE FUNDS TO "FURTHER ACCELERATE PRODUCT INNOVATION TO MEET SCALE AND DEMAND FROM SHIPPERS AND CARRIERS".CONVOY SAYS NEW INVESTORS ALSO INCLUDE FUNDS AND ACCOUNTS ADVISED BY T. ROWE PRICE ASSOCIATES, INC. AND LONE PINE CAPITAL.  Full Article

GN Store Nord Receives Information That T. Rowe Price Group Has Decreased Its Holdings Of GN Shares
Monday, 23 Jul 2018 03:11pm EDT 

July 23 (Reuters) - Gn Store Nord ::RECEIVED INFORMATION THAT T. ROWE PRICE GROUP, INC. HAS DECREASED ITS HOLDINGS OF GN SHARES.T. ROWE PRICE GROUP, INC. THEREBY HOLDS LESS THAN 5 PERCENT OF THE SHARE CAPITAL AND THE VOTING RIGHTS.  Full Article

T. Rowe Price Group Preliminary Month-End Assets Under Management Of $991 Bln As Of Dec. 31
Thursday, 11 Jan 2018 08:38am EST 

Jan 11 (Reuters) - T. Rowe Price Group Inc ::T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR DECEMBER 2017.T. ROWE PRICE GROUP INC - PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT OF $991 BILLION AS OF DECEMBER 31, 2017.T. ROWE PRICE GROUP - CLIENT TRANSFERS FROM MUTUAL FUNDS TO OTHER PORTFOLIOS WERE $1.7 BILLION FOR MONTH-ENDED DEC. 31.T. ROWE PRICE GROUP - CLIENT TRANSFERS FROM MUTUAL FUNDS TO OTHER PORTFOLIOS WERE $4.2 BILLION FOR QUARTER-ENDED DEC. 31.  Full Article

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management Of $991 Bln As Of November 30, 2017
Tuesday, 12 Dec 2017 08:30am EST 

Dec 12 (Reuters) - T. Rowe Price Group Inc ::T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR NOVEMBER 2017.T. ROWE PRICE GROUP INC - REPORTED PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT OF $991 BILLION AS OF NOVEMBER 30, 2017.T. ROWE PRICE GROUP INC - PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT OF $991 BILLION AS OF NOVEMBER 30, 2017.  Full Article

T. Rowe Price Group CFO Kenneth Moreland Reports Open Market Sale Of 15,082 Shares Of Co's Common Stock On Nov 28
Wednesday, 29 Nov 2017 03:28pm EST 

Nov 29 (Reuters) - T. Rowe Price Group Inc ::T. ROWE PRICE GROUP CFO KENNETH MORELAND REPORTS OPEN MARKET SALE OF 15,082 SHARES OF CO'S COMMON STOCK ON NOV 28 AT AVERAGE PRICE $99.44PER SHARE - SEC FILING‍​.  Full Article

T. Rowe Price Group reports preliminary month-end assets under management for Oct
Friday, 10 Nov 2017 08:33am EST 

Nov 10 (Reuters) - T. Rowe Price Group Inc :T. Rowe Price Group reports preliminary month-end assets under management for October 2017.T. Rowe Price Group Inc - ‍Preliminary month-end assets under management of $971 billion as of October 31, 2017​.T. Rowe Price Group Inc - ‍Client transfers from mutual funds to other portfolios were $2.5 billion for month-ended October 31, 2017​.  Full Article

T. Rowe Price Group Q3 revenue $1.2 billion
Thursday, 26 Oct 2017 07:30am EDT 

Oct 26 (Reuters) - T. Rowe Price Group Inc :T. Rowe Price Group reports third quarter 2017 results.Q3 earnings per share $1.56 including items.Q3 revenue $1.2 billion.Q3 earnings per share view $1.44 -- Thomson Reuters I/B/E/S.‍assets under management increased $44.3 billion in Q3 of 2017 to $947.9 billion at September 30, 2017​.Qtrly ‍average U.S. Mutual fund assets under management increased 12.7 pct to $576.1 billion​.T. Rowe Price Group-‍investment advisory revenues in current quarter from mutual funds distributed in U.S. were $783.9 million, increase of 11.4 pct from 2016​.  Full Article

Eaton Vance plans second attempt to reinvent ETFs

NEW YORK Eaton Vance Corp said on Wednesday it plans to launch a new kind of exchange-traded fund (ETF) that would keep its investments secret, marking its second effort to thwart or at least profit from the trend away from higher-cost mutual funds.