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T. Rowe Price Group Inc. - TROW STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect T. Rowe Price Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of T. Rowe Price Group's position in the market.

News
OHA is Administrative Agent & Lead Left Arranger for Acentra Health’s Private Refinancing
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.82%
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News
T. Rowe Price Expands Use of Cloud-Based Charles River® IMS
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.62%
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none
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News
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR MARCH 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
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none
News
T. ROWE PRICE: 401(K) ACCOUNT BALANCES SOARED IN 2023, ESPECIALLY AMONG YOUNGER RETIREMENT SAVERS
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.12%
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News
OHA is a Joint Lead Arranger of the Private Unitranche Financing for HGGC’s Acquisition of Rimkus Consulting Group
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
acquisition
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News
OHA is the Left Lead Arranger of STV’s Private Unitranche Financing
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.15%
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none
News
T. ROWE PRICE: INVESTORS WITH A FORMAL FINANCIAL PLAN HAVE DOUBLE THE WEALTH ENTERING RETIREMENT
Rhea-AI Summary
T. Rowe Price's new report highlights the benefits of financial planning for retirement, showing that individuals with a formal financial plan have more wealth entering retirement. The report emphasizes the importance of working with a financial advisor and contributing more towards retirement. Demand for financial planning services is strong among those nearing retirement age, with many citing lack of money as a major obstacle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
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News
T. ROWE PRICE OHA SELECT PRIVATE CREDIT FUND ANNOUNCES DECEMBER 31, 2023 FINANCIAL RESULTS AND CLOSES PRIVATE PLACEMENT OF $300M 5-YEAR SENIOR UNSECURED NOTES
Rhea-AI Summary
T. Rowe Price OHA Select Private Credit Fund (TROW) announces strong financial results with a $300M Private Placement of 5-Year Senior Unsecured Notes. The Company's net investment income per share was $1.03, with a weighted average yield on debt and income producing investments at 12.7%. Earnings per share stood at $1.42 with an annualized return of 15.96%. The net asset value per share increased to $28.00, up 1.9% from the previous quarter. The Company had successful investment fundings and debt management strategies, showcasing robust performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
earnings
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News
T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR FEBRUARY 2024
Rhea-AI Summary
T. Rowe Price Group, Inc. reported $1.51 trillion in assets under management as of February 29, 2024, with $2.0 billion in net outflows for February 2024. The firm's assets were distributed across equity, fixed income, multi-asset, and alternatives categories, showing growth compared to the prior month and year-end.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
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none
News
KBRA Assigns Rating to T. Rowe Price OHA Select Private Credit Fund's $300 Million Notes due 2029
Rhea-AI Summary
KBRA assigns a BBB rating to T. Rowe Price OHA Select Private Credit Fund's $300 million senior unsecured notes due 2029. The rating is supported by ties to Oak Hill Advisors, L.P., parent company T. Rowe Price Group, Inc., and a strong management team. OCREDIT maintains a diversified investment portfolio with a focus on senior secured loans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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T. Rowe Price Group Inc.

Nasdaq:TROW

TROW Rankings

#431 Ranked by Market Cap
#3135 Ranked by Stock Gains
#726 Ranked by Dividends

TROW Stock Data

25.76B
218.57M
2.05%
76.12%
5.08%
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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.