Get TRowe Price FBR1BREG 2018-2024

As is the case for all of its major peers, T. Rowe Price has seen its assets under management (AUM) fall well below their all-time high of $1.7 trillion set back in December 2021. Largely because of the market sell-off of 2022, its AUM as of March 31 was $1.3 trillion.

T. Rowe Price (TROW) is expected to have witnessed an AUM dip in the third quarter of 2023 due to the equity market's decline and net outflows.

We view the shares as being slightly undervalued. Based on preliminary AUM data released for September, T. Rowe Price closed out the third quarter of 2023 with $1.346 trillion in managed assets, down 3.8% sequentially but up 9.6% year over year and 5.6% since the start of the year.

T. Rowe Price stock (symbol: TROW) underwent a total of 5 stock splits.

T Rowe has been struggling with large outflows since 2021, particularly in its equity strategies, and had previously reported quarterly net outflows of $17.4bn. “My base case is that while we will continue to face outflows in 2024, they will be at a meaningfully lower level,” Sharps told the Financial Times.

Top 10 Owners of T Rowe Price Group Inc StockholderStakeTotal value ($)The Vanguard Group, Inc.11.40%2,680,317,483BlackRock Fund Advisors6.50%1,528,130,928SSgA Funds Management, Inc.6.46%1,518,882,023Fayez Sarofim & Co.3.34%785,624,6916 more rows

T. Rowe Price Group, one of the largest U.S. fund companies, will split itself into two independent entities in the next two years. The move is somewhat unusual, but not unexpected. When it happens, investors might have a chance to access some of the firm's long-closed funds.

Rowe Price on nearly every level, including Fidelity having more robust platforms with more competitive commissions. This is especially true for options trading. Moreover, Fidelity offers better stock/ETF screeners, better analytics, better reporting, and better investing tools than T. Rowe Price's platforms.