The market expects T. Rowe Price (TROW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

New York, New York, July 16, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA"), a leading global credit-focused alternative asset manager, and One Investment Management ("OneIM"), a global alternative investment manager, today announce the formation of a partnership to invest in European private credit. The new venture has initially up to $5 billion of investable capital which will help address the needs of European borrowers. Both firms will benefit from the partnership's size and scale, as well as the te ...

Bonnie Cash/Getty Images NewsInvestment Thesis Last fall, I rated T. Rowe Price (NASDAQ:TROW) as a sell given that their active funds have had consistent underperformance to benchmarks, leading to outflows of Assets Under Management (AUM) as a result. The company has been struggling to counter the underperformance of their major equity funds that led to substantial net outflows. Notable funds such as Blue Chip Growth, Growth Stock, and Mid-Cap Growth have lagged behind their benchmarks over the past thr ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? T. Rowe Price (TROW) , which belongs to the Zacks Financial - Investment Management industry, could be a great candidate to consider.This financial services firm has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.95%.For the last reported quart ...

BALTIMORE, July 11, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW), today reported preliminary month-end assets under management of $1.57 trillion as of June 30, 2024. Preliminary net outflows were $2.6 billion for June 2024 and $3.7 billion for the quarter-ended June 2024. Preliminary quarterly net flows include $1.1 billion of Manager-driven distributions. The below table shows the firm's assets under management as of June 30, 2024, and for the prior month-, quarter-, and year-end by ass ...

Intermediate Municipal Income ETF began trading on NASDAQ today BALTIMORE, July 10, 2024 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm, announced today the addition of its first federally tax-free fixed income exchange-traded fund (ETF) to its active ETF roster. T. Rowe Price Intermediate Municipal Income ETF (Ticker: TAXE) began trading today on the NASDAQ exchange. The Intermediate Municipal Income strategy focuses on investment-grade intermediate-term municipal bond ...

New York, New York, June 25, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors ("OHA") served as Administrative Agent and Lead Left Arranger for a private unitranche facility to support a recapitalization of MedVet. MedVet is a founder and veterinarian owned platform that operates a leading network of specialty and emergency veterinary hospitals across the U.S. OHA was the sole lender of the private unitranche facility, consisting of a term loan and delayed draw term loan. OHA's reputation and experience investing ...

Active Investing Appears Primed to Favor Shifting Market Conditions and Identify Pockets of Opportunity for Investors BALTIMORE, June 20, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, released its outlook for global financial markets for the remainder of 2024. Underpinning the outlook for the next six months is the change in expectations for central bank policy. Given pricing on interest rate futures, there will likely be far fewer interest rate cuts fro ...

T. Rowe Price Group, Inc. (TROW) introduced a new patent-pending framework designed to assist defined contributions (DC) plan sponsors in evaluating and selecting the best-suited retirement income solutions considering the needs and preferences of their plan participants. Presently, the majority of DC plan sponsors characterize their member base as aging and expect to keep retired members enrolled in the plan well throughout retirement. Both of these considerations encourage to modify the DC plan in order t ...

Five-dimensional framework offers retirement plan sponsors the ability to identify 'best-fit' retirement income solutions for their defined contribution (DC) plan participantsBALTIMORE, June 18, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, unveiled a new, patent-pending framework to help defined contribution (DC) plan sponsors evaluate retirement income offerings and quantify which solutions may best fit the needs and preferences of their plan participa ...