T Rowe Price Grp Stock Price, News & Analysis

T. Rowe Price reported preliminary assets under management of $1.31 trillion as of September 30, 2020. Client transfers from mutual funds totaled $0.5 billion in September and $2.4 billion for the quarter. Year-to-date client transfers reached $11.2 billion, including significant transfers to target-date retirement trusts. The total assets reflect a decrease from $1.34 trillion in August, indicating a possible shift in client investment strategies.

T. Rowe Price Group reported $1.31 trillion in preliminary month-end assets under management as of September 30, 2020. In September, client transfers from mutual funds to other portfolios totaled $0.5 billion, bringing the year-to-date total to $11.2 billion. Notably, $7.7 billion was transferred to target-date retirement trusts in the year-to-date period. The firm’s assets were comprised of $442 billion in equity and $78 billion in fixed income, among other categories.

T. Rowe Price Retirement Plan Services announced the launch of student loan resources this fall, aimed at enhancing financial wellness for 401(k) participants. The offering includes educational tools, employer contribution services, and student loan refinancing options provided through a partnership with SoFi. A recent survey revealed over half of respondents face challenges due to education costs, impacting their 401(k) participation. This initiative aims to assist employees in managing debt while saving for retirement, promoting better financial health and employee retention.

T. Rowe Price released a study showing that retirement savers who maintained steady savings during the 2008 Global Financial Crisis achieved better outcomes. The data reveals that 67% of consistent savers weathered volatility effectively, while 44% of those who increased savings post-crisis faced longer retirement delays. Current investor behavior during the 2020 crisis is more stable, with less than 2% changing allocations in target date funds. Automation of retirement savings since the Pension Protection Act is cited as a beneficial factor in maintaining contributions despite market conditions.

T. Rowe Price reported preliminary assets under management of $1.34 trillion as of August 31, 2020, an increase from $1.28 trillion in July. Client transfers from mutual funds totaled $1.3 billion in August and $10.7 billion year-to-date. Target-date retirement trusts received significant transfers of $1.0 billion, $1.5 billion, and $7.6 billion for August, quarter-to-date, and year-to-date, respectively. The firm's investment strategy emphasizes diversification and risk-aware management.

T. Rowe Price has published its inaugural Defined Contribution Consultant Study, in collaboration with Schaus Group, examining trends among top consultants representing over 5,500 plan sponsors and nearly $4 trillion in assets. The study indicates consultants foresee better savings rates after the SECURE Act but expect minimal shifts to Multiple Employer Plans. Concerns about longevity risk dominate retirement planning discussions. Additionally, consultants emphasize the importance of retirement outcomes and support for ESG initiatives, while stable value offerings gain traction.

T. Rowe Price Group reported preliminary month-end assets under management of $1.28 trillion as of July 31, 2020. In July 2020, client transfers from mutual funds to other portfolios totaled $0.6 billion, with $9.4 billion for the year-to-date period. Target-date retirement trusts received $0.5 billion in July and $6.6 billion year-to-date. For July 31, 2020, total assets under management by investment vehicle show a slight increase from June 30, 2020, highlighting T. Rowe Price's diversified investment strategies and its focus on risk-aware asset management.

T. Rowe Price Group, Inc. has declared a quarterly dividend of $0.90 per share, set for payment on September 29, 2020. This dividend will be awarded to shareholders of record as of the close of business on September 15, 2020. As of June 30, 2020, T. Rowe Price managed $1.22 trillion in assets, providing various investment services. The company is known for its disciplined investment approach, emphasizing diversification and fundamental research.

T. Rowe Price Group, a global investment management firm, reported its financial results for Q2 2020, managing $1.22 trillion in assets as of June 30, 2020. The earnings details are accessible on their website. Founded in 1937 and based in Baltimore, the company focuses on diversified investment strategies and risk-aware management for individual and institutional investors.