T. ROWE PRICE GROUP REPORTS PRELIMINARY MONTH-END ASSETS UNDER MANAGEMENT FOR DECEMBER 2024
Rhea-AI Summary
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.
Positive
- Total AUM increased year-over-year from $1.45T to $1.61T
- Growth across all asset classes compared to December 2023
- Target date retirement portfolios grew from $408B to $476B YoY
Negative
- Significant net outflows of $43.2B for the year
- Monthly net outflows of $10.9B in December 2024
- Quarterly net outflows of $19.3B in Q4 2024
- Monthly AUM declined from $1.67T to $1.61T between November and December 2024
News Market Reaction – TROW
In the trading session that priced this news, TROW gained 1.92%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
The below table shows the firm's assets under management as of December 31, 2024, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios.
As of | ||||||||
Preliminary(a) | ||||||||
(in billions) | 12/31/2024 | 11/30/2024 | 9/30/2024 | 12/31/2023 | ||||
Equity | $ 830 | $ 859 | $ 832 | $ 744 | ||||
Fixed income, including money market | 188 | 187 | 186 | 170 | ||||
Multi-asset | 536 | 568 | 561 | 483 | ||||
Alternatives | 53 | 53 | 52 | 48 | ||||
Total assets under management | $ 1,607 | $ 1,667 | $ 1,631 | $ 1,445 | ||||
Target date retirement portfolios | $ 476 | $ 491 | $ 482 | $ 408 | ||||
(a) Preliminary - subject to adjustment | ||||||||
Q4 2024 Earnings Release and Earnings Call
T. Rowe Price will release Q4 2024 earnings on Wednesday, February 5, 2025 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice.com
About T. Rowe Price
Founded in 1937, T. Rowe Price (NASDAQ – GS: TROW) helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price serves millions of clients globally and manages
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SOURCE T. Rowe Price Group