T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For September 2023 Of $1.35T
Portfolio Pulse from Benzinga Newsdesk
T. Rowe Price Group, Inc. (TROW) reported preliminary month-end assets under management of $1.35 trillion as of September 30, 2023. The firm experienced net outflows of $4.2 billion for September 2023 and $17.4 billion for the quarter-ended September 2023. The company will release Q3 2023 earnings on October 27, 2023.
October 11, 2023 | 12:43 pm
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T. Rowe Price Group's assets under management decreased to $1.35 trillion in September 2023, with net outflows of $4.2 billion for the month and $17.4 billion for the quarter.
The decrease in assets under management and the significant net outflows for the month and quarter could indicate a negative trend for T. Rowe Price Group. This could potentially impact the company's upcoming Q3 2023 earnings, which may affect the stock price negatively in the short term.
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