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
On the day this news was published, TROW gained 1.92%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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