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T Rowe Price Group Inc - $TROW STOCK NEWS

Welcome to our dedicated page for T Rowe Price Group news (Ticker: $TROW), a resource for investors and traders seeking the latest updates and insights on T Rowe Price Group stock.

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T. Rowe Price OHA Select Private Credit Fund (OCREDIT) announced financial results with total distributions of $0.87 per share in Q1 2024. The company reported strong interest income and attractive asset yields, growing net asset value per share and successful fundings. OCREDIT launched on a major wirehouse platform and issued new common shares, declaring distributions of $0.23 per share for the quarter.

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T. Rowe Price Group, Inc. declared a quarterly dividend of $1.24 per share payable on June 27, 2024. The company's Board of Directors elected all 11 nominees, approved executive compensation, and ratified KPMG LLP as the independent registered public accounting firm for 2024.

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As we celebrate Asian American Native Hawaiian Pacific Islander (AANHPI) Heritage Month, T. Rowe Price recognizes the diversity and contributions of the AANHPI community. The theme emphasizes the innovation and leadership of AANHPI members in driving economic prosperity, technological advancements, and social change. Associates share their experiences and insights on advancing leaders through innovation, promoting diversity, and fostering progress.

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T. Rowe Price Group, Inc. (TROW) reported its financial results for the first quarter of 2024. The earnings release includes updates on business performance, financial results, and a webcast with key executives. Investors can access the webcast and supplemental materials on the company's website.
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Oak Hill Advisors (OHA) acts as Administrative Agent and Lead Left Arranger for Acentra Health's private refinancing, a Carlyle portfolio company. Acentra is a key player in providing technology solutions to government healthcare agencies. OHA has been a significant financier for Acentra's growth and acquisitions.
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T. Rowe Price transitions to Charles River's cloud-based platform for portfolio management, trading, and compliance. State Street's Alpha Data Platform will be utilized for data management. The move aims to enhance innovation and scalability for T. Rowe Price.
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T. Rowe Price Group, Inc. reported $1.54 trillion in assets under management as of March 31, 2024, with net outflows of $1.2 billion for March 2024 and $8.0 billion for the quarter-ended March 2024. The firm's assets across different classes and target date retirement portfolios are detailed. Q1 2024 earnings release is scheduled for April 26, 2024.
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T. Rowe Price's 2023 report on 401(k) plan design and participant behavior reveals a 14% increase in average account balances to $115,000, with gains in the financial markets. Participation declined from 66% to 63%, but plans with auto-enrollment had higher participation rates. Roth contributions hit 93%, and target date products were popular investments.
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Oak Hill Advisors (OHA) acted as a Joint Lead Arranger for the private financing of Rimkus Consulting Group's acquisition by HGGC. The more than $400 million total financing included a unitranche term loan, delayed draw term loan, and revolver. OHA's expertise in the forensic engineering sector and experience in investing in consulting firms positioned them well for this transaction. HGGC praised OHA's partnership and support in advancing Rimkus' growth.
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Oak Hill Advisors (OHA) arranges private financing for STV Group, Inc. in partnership with The Pritzker Organization (TPO) to support refinancing, acquisitions, and growth. OHA's $500 million facility aids in restructuring STV's capital and expansion plans, showcasing expertise in engineering and consulting industry.
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T Rowe Price Group Inc

Nasdaq:TROW

TROW Rankings

TROW Stock Data

24.90B
218.57M
2.05%
76.12%
5.08%
Investment Advice
Finance and Insurance
Link
United States of America
BALTIMORE

About TROW

t. rowe price (trow) is an independent investment management firm with an unyielding focus on helping investors around the world achieve their long-term goals. headquartered in baltimore, we provide a broad array of mutual funds, subadvisory services, separate account management, and related services for individuals, institutions, retirement plan sponsors, and financial intermediaries. our approach to managing investments is rooted in our own fundamental research, distinguished by discipline, and carried out by experienced professionals. the investment products (including the t. rowe price mutual funds) or services referred to on this profile may be offered only to persons in the united states. this profile should not be considered a solicitation or offering of any investment products or services to investors residing outside the united states t. rowe price investment services, inc.