T Rowe Price Grp Stock Price, News & Analysis

T. Rowe Price held its annual U.S. Retirement Market Outlook press briefing, presenting key insights for the 2025 retirement landscape. The event, led by Michael Davis, head of global retirement strategy, featured expert discussions on major industry trends and challenges.

Key focus areas included the evolution of Qualified Default Investment Alternatives (QDIAs) using target date strategies, growing interest in retirement income solutions, expansion of emergency savings programs, and expected Congressional efforts to increase retirement plan coverage and options.

The panel emphasized the importance of adapting to policy, demographic, and technological changes to deliver innovative retirement solutions. The discussion highlighted the industry's focus on keeping participants in-plan while offering diverse solutions and balancing near-term financial needs with long-term retirement outcomes.

T. Rowe Price Group (NASDAQ-GS: TROW) reported preliminary assets under management of $1.61 trillion as of December 31, 2024. The company experienced net outflows of $10.9 billion for December 2024, $19.3 billion for Q4 2024, and $43.2 billion for the year. The quarterly flows include a previously disclosed subadvisory redemption and $0.8 billion of Manager-driven distributions.

Asset breakdown shows: Equity at $830 billion, Fixed income including money market at $188 billion, Multi-asset at $536 billion, and Alternatives at $53 billion. Target date retirement portfolios stood at $476 billion. The company will release Q4 2024 earnings on February 5, 2025.

T. Rowe Price has released a comprehensive guide titled 'Planning for Life and Long-term Care in The Second Half of Retirement: A Comprehensive Guide' along with a dedicated podcast episode in their CONFIDENT CONVERSATIONS® series. The initiative addresses retirees' concerns about long-term care (LTC) planning, which ranks among top retirement worries alongside inflation and economy.

The guide focuses on three key aspects: personal considerations (housing and support options with associated costs), financial planning (using T. Rowe Price's proprietary analysis for LTC cost estimation), and strategic planning (comparing insurance options versus self-funding approaches). The resource aims to help retirees make informed decisions about their future care needs and financial planning, supported by the firm's RETIREMENT ADVISORY SERVICE™.

T. Rowe Price has launched a special edition of "The Angle" podcast focusing on their 2025 Global Market Outlook. Released on December 6th, the series features three episodes hosted by Ritu Vohora, with commentary from senior investment leaders including Justin Thomson, Arif Husain, and Sebastien Page.

The episodes cover three main areas: macroeconomic outlook for 2025 (including global fiscal policy and potential Trump presidency impacts), factors affecting financial markets (focusing on corporate earnings and equity market broadening), and investment implications with portfolio management insights. The podcast is available on Spotify and Apple Podcasts.

T. Rowe Price has received multiple prestigious workplace awards in 2024, highlighting its commitment to fostering a positive and inclusive workplace culture. The firm earned recognition from Newsweek as one of the 'World's Most Trustworthy Companies' and 'America's Most Admired Workplaces 2025', along with accolades from Pensions & Investments and The Baltimore Sun.

The company's culture emphasizes respect, rigor, and generosity, with notable achievements including over 32,000 volunteer hours globally and 440 nonprofit board positions held by associates in 2023. More than 50% of associates participate in resource groups supporting diversity. The firm provides comprehensive career development through training, leadership programs, and mentorship initiatives.

FloWorks International, a specialty distributor of critical flow control products and portfolio company of Wynnchurch Capital, has completed a refinancing transaction. Oak Hill Advisors (OHA), the private markets platform of T. Rowe Price Group (NASDAQ:TROW), served as Administrative Agent and Lead Left Arranger for the private unitranche facility. The financing will be used to refinance FloWorks's existing debt and support future acquisitions. OHA is the largest holder across the new financing facility, citing their familiarity with the specialty distribution industry as a key factor in their investment decision.

T. Rowe Price Group (TROW) reported preliminary assets under management (AUM) of $1.67 trillion as of November 30, 2024. The firm experienced net outflows of $6.4 billion during November, which includes a portion of a previously disclosed subadvisory redemption. The AUM breakdown shows: $859 billion in Equity, $187 billion in Fixed income including money market, $568 billion in Multi-asset, and $53 billion in Alternatives. Target date retirement portfolios stood at $491 billion. Compared to December 2023, total AUM increased from $1.45 trillion, showing significant growth across all asset classes.

Oak Hill Advisors (OHA) has acted as Administrative Agent and Lead Left Arranger for a private unitranche facility supporting FloWorks, a portfolio company of Wynnchurch Capital. FloWorks, a leading specialty distributor of flow control products and technical solutions provider, will use the financing to refinance existing debt and fund future acquisitions. OHA, leveraging its industry knowledge through investments in similar companies, is the largest holder of the new facility. BMO Capital Markets participated as OHA's private credit joint venture partner.

T. Rowe Price has launched the fourth season of its 'CONFIDENT CONVERSATIONS® on Retirement' podcast. The new season begins with an episode celebrating 50 years of ERISA legislation and will feature monthly episodes covering topics such as long-term care, inflation management, social security benefits, and retirement planning strategies.

Hosted by Kim Zook, head of U.S. Intermediaries Retirement division, the series aims to provide investors with expert insights on retirement planning. The podcast builds on previous seasons that covered topics like racial retirement savings gap, LGBT+ investor strategies, and financial behavior psychology. A special edition episode reviewing highlights from past seasons is now available, hosted by Michael Davis, head of Global Retirement Strategy.