T. Rowe Price Group Reports Preliminary Month-End Assets Under Management Of $1.45T For December 2023
Portfolio Pulse from Benzinga Newsdesk
T. Rowe Price Group, Inc. (TROW) reported preliminary assets under management (AUM) of $1.45 trillion for December 2023. The company experienced net outflows of $9.4 billion in December and $28.3 billion for the quarter, totaling $81.8 billion in net outflows for the year. AUM increased across all asset classes compared to the previous month, quarter, and year-end. TROW will release Q4 2023 earnings on February 8, 2024, and host an earnings call the same day.
January 11, 2024 | 1:38 pm
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T. Rowe Price reported an increase in AUM to $1.45 trillion for December 2023, with significant net outflows for the month, quarter, and year. The company is set to release Q4 earnings on February 8, 2024.
The increase in AUM is a positive sign, indicating potential growth in management fees. However, the significant net outflows could be a concern for investors, signaling potential redemptions or dissatisfaction. The upcoming earnings release will provide more clarity on the financial health and future outlook of the company, which is why the score remains neutral until more information is available.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100