T Rowe Price Grp Stock Price, News & Analysis

T. Rowe Price (TROW) has released a new white paper highlighting significant knowledge gaps in Social Security benefits understanding among retirement savers. The study, based on their 2024 Retirement Savings and Spending Study, reveals that even pre-retirees lack basic comprehension of the system.

Key findings show that while most pre-retirees (aged 50+) understand early claim penalties, only 62% know benefits increase with delayed claims, and just 45% know their approximate benefit amount. Among younger generations, 80% understand payroll tax funding, but two-thirds incorrectly believe benefits automatically start at 65.

Confidence in Social Security is notably low, with only 38% of respondents believing in the system's ability to pay scheduled benefits. Gen Z and millennials expect to receive just over half their scheduled benefits, while boomers anticipate 88%. The study also found support for proposed funding solutions, with 64% of respondents using SSA.gov for information, increasing to 85% among those aware of their benefits.

T. Rowe Price Group (NASDAQ-GS: TROW) has reported its preliminary assets under management (AUM) for February 2025, totaling $1.63 trillion as of February 28, 2025. The company experienced net outflows of $4.7 billion during February 2025.

T. Rowe Price (TROW) has released a new episode of their investment-themed podcast series 'The Angle,' featuring Meredith Kopit Levien, president and CEO of The New York Times Company. The episode, hosted by Eric Veiel, TROW's head of Global Investments and CIO, explores the transformation of the newspaper industry and The New York Times' digital adaptation strategies.

This marks the second episode of the new season, following an earlier episode featuring H. Lawrence Culp, Jr., chairman and CEO of GE Aerospace. The podcast is available on Spotify and Apple Podcasts, with future episodes to be announced. This is TROW's second podcast series, alongside 'CONFIDENT CONVERSATIONS® on Retirement,' which launched its fourth season in November 2024.

T. Rowe Price Group (NASDAQ-GS: TROW) reported preliminary assets under management (AUM) of $1.65 trillion as of January 31, 2025. The firm experienced net outflows of $2.1 billion during January 2025.

The AUM breakdown shows: Equity at $854 billion (up from $830 billion), Fixed income including money market at $190 billion (up from $188 billion), Multi-asset at $553 billion (up from $536 billion), and Alternatives steady at $53 billion. Target date retirement portfolios increased to $492 billion from $476 billion at year-end 2024.

T. Rowe Price Group (NASDAQ-GS: TROW) has announced a quarterly dividend increase to $1.27 per share, up 2.42% from the previous $1.24 per share. The dividend will be payable on March 28, 2025, to stockholders of record as of March 14, 2025. This marks the company's 39th consecutive year of increasing its regular annual dividend since its initial public offering, demonstrating a consistent track record of returning value to shareholders.

Oak Hill Advisors (OHA) has acted as Administrative Agent and Joint Lead Arranger for a private unitranche facility supporting Berkshire Partners' acquisition of Triumvirate Environmental. The financing package includes a unitranche term loan, delayed draw term loan, and revolver.

Triumvirate Environmental is a specialized commercial waste management and environmental services provider serving life sciences, healthcare, education, and industrial markets. OHA's existing relationship with Berkshire Partners, combined with their financing flexibility and structuring expertise, enabled them to quickly evaluate the opportunity and provide a customized financing solution.

T. Rowe Price Group (NASDAQ-GS: TROW) has announced it will present its fourth quarter and full year 2024 financial results. The company will host a webcast on February 5, 2025, from 8:00 to 8:45 AM Eastern Time, featuring Chair, CEO, and President Rob Sharps, CFO Jen Dardis, and Head of Global Investments Eric Veiel.

The executives will provide updates on business performance, review financial results, and participate in a Q&A session. The earnings release is available on the company's website, and supplemental materials will be accessible on the investor relations website before the call. A replay of the webcast will be made available afterward.

T. Rowe Price (NASDAQ-GS: TROW), Oak Hill Advisors (OHA), and Aspida Holdings announced a strategic partnership to support their business growth. T. Rowe Price and OHA will manage certain Aspida public and private assets, and the partners will explore product development initiatives. T. Rowe Price is already a minority investor in Aspida.

Aspida, launched in 2020, has grown to over $19 billion in total assets as of September 30, 2024. The company provides retirement and reinsurance solutions through its technology platform and is supported by Ares Insurance Solutions (AIS). Ares recently raised over $3 billion in total capital to support Aspida's growth.

T. Rowe Price, serving insurance companies since 1985, manages $1.6 trillion in assets, including over $1 trillion in retirement-related assets. The partnership aims to leverage T. Rowe Price and OHA's capabilities to provide diversified investment strategies to insurance companies.

T. Rowe Price (TROW) has appointed Jeff Helsing as Institutional Business Development Executive for Fixed Income, a newly created position. Helsing will report to Doug Greenstein, Head of US Institutional Business Development, and work closely with Chris Tarui, Head of US Consultant Relations and OCIO, as well as Americas relationship managers.

Helsing brings nearly 25 years of industry experience, previously serving as Senior Product Manager at Western Asset Management and spending 20 years at PIMCO in Portfolio Specialist and Portfolio Manager roles. He will be responsible for working with institutional investors to deliver fixed income solutions, collaborating across sales, client service, consultant relations, investments, and product teams, including Oak Hill Advisors.