T Rowe Price Grp Stock Price, News & Analysis

T. Rowe Price Group (TROW) has declared a quarterly dividend of $1.08 per share, payable on June 29, 2021, to stockholders on record as of June 15, 2021. At its annual meeting, all 11 Board nominees were elected, and shareholders approved the 2020 executive compensation. KPMG LLP was reappointed as the independent accounting firm for 2021. A stockholder proposal for a climate change report was rejected. As of March 31, 2021, the company manages $1.52 trillion in assets.

T. Rowe Price Group reported its financial results for Q1 2021, holding $1.52 trillion in assets under management as of March 31, 2021. The firm offers a diverse range of investment services, including mutual funds and separate account management for both individual and institutional investors. The company's disciplined investment approach emphasizes diversification, style consistency, and fundamental research.

T. Rowe Price Group (TROW) announced the upgrade of its Retirement Funds target date series to a Morningstar Gold Analyst Rating. This upgrade reflects the firm's strong multi-asset management team, led by Wyatt Lee, and robust research capabilities. The Retirement series has consistently outperformed its S&P Target-Date Index, with a 106 basis points average advantage over 10 years. Moreover, twelve of the 22 underlying funds have earned 4- or 5-star ratings from Morningstar, showcasing solid risk-adjusted performance. The firm is recognized for its high equity allocation designed to mitigate the risk of outliving assets.

T. Rowe Price Group (NASDAQ-GS: TROW) announced the retirement of Ken Brooks, a senior institutional business development leader, effective June 4, 2021. Mr. Brooks has significantly contributed to the firm's U.S. institutional business, which manages over $200 billion in assets. He will be succeeded by John Masdea and Lesley Nettles, both experienced in institutional sales. T. Rowe Price manages $1.52 trillion in assets as of March 31, 2021, focusing on investment excellence and retirement services.

A study by T. Rowe Price highlights how the pandemic significantly impacted families' financial well-being, prompting more parents to discuss money matters with their children. The 13th annual Parents, Kids & Money Survey indicates 80% of parents felt a financial impact, with 67% reporting negative effects. Racial disparities were evident, as Black and Hispanic families were more likely to negatively experience financial strain and reduce savings. Despite challenges, 47% of parents engaged in weekly money conversations, emphasizing the value of financial discussions for children's future financial responsibility.

T. Rowe Price Group reported $1.52 trillion in preliminary assets under management (AUM) as of March 31, 2021. In March, client transfers were $1.7 billion from mutual funds to other portfolios and $5.6 billion for the quarter. Significant transfers included $1.3 billion to target-date retirement trusts in March. The breakdown of AUM shows investments in U.S. mutual funds include $512 billion in equity and $82 billion in fixed income. The total AUM increased from $1.47 trillion at year-end 2020.

T. Rowe Price, a leading investment management firm, has provided strategies for investors to reduce their 2020 taxable income. Notable tips include contributing to various IRAs and HSAs, which may be tax-deductible. These deductions are available regardless of whether the standard or itemized deduction is used. The recent extension of the federal tax return deadline to May 17, 2021, may allow for additional contributions and guidance from the IRS. As of February 28, 2021, T. Rowe Price manages $1.50 trillion in assets.

T. Rowe Price has launched the Global Impact Equity Fund, its first product aimed at aligning financial goals with positive social and environmental impact. Available initially to U.S. investors, the fund targets companies that contribute to climate action, social equity, and sustainable innovation, while excluding certain industries like fossil fuels and tobacco. Managed by Hari Balkrishna, the fund employs an active management approach and aims for excess returns over the MSCI All-Country World Index. The fund seeks to leverage T. Rowe Price's extensive research capabilities with a net expense ratio of 0.94% for Investor Class shares and 0.79% for I Class shares.

T. Rowe Price has released a white paper revealing that retiree spending declines annually by 2%, challenging traditional retirement income planning principles. The research indicates retirees adjust their spending to align with their income to preserve assets, emphasizing the importance of tailored retirement income solutions. Key findings suggest that wealthier households have more flexibility in spending adjustments, while less wealthy ones may benefit from guaranteed income. To enhance retirement plans, employers should consider diverse income solutions and ongoing financial assistance for retirees.