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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100