T. Rowe Price reports $1.62 trillion in assets under management

BALTIMORE - T. Rowe Price Group, Inc. (NASDAQ-GS:TROW), a financial firm with a strong GOOD financial health rating according to InvestingPro, reported preliminary assets under management of $1.62 trillion as of May 31, 2025, according to a company statement released today.

The investment management firm experienced net outflows of $4.4 billion during May. Despite these outflows, total assets under management increased from $1.56 trillion at the end of April 2025. The company maintains strong profitability with a 52.4% gross margin and has consistently paid dividends for 40 consecutive years.

The company’s equity assets rose to $806 billion in May, up from $767 billion in April. Fixed income assets, including money market funds, showed a modest increase to $199 billion from $198 billion in the previous month.

Multi-asset portfolios grew to $566 billion from $545 billion, while alternative investments remained steady at $53 billion. Target date retirement portfolios increased to $504 billion from $485 billion in April.

Compared to the end of 2024, when assets under management stood at $1.61 trillion, the firm has seen a slight increase in total assets. However, equity assets have decreased from $830 billion at year-end 2024.

Founded in 1937, T. Rowe Price serves individual and institutional investors globally. According to the company, approximately two-thirds of its assets under management are retirement-related.

The reported figures are preliminary and subject to adjustment, based on the press release statement.

In other recent news, T. Rowe Price Group Inc. reported better-than-expected earnings for the first quarter of 2025, with earnings per share (EPS) of $2.23, surpassing the forecasted $2.12. Despite this positive earnings surprise, the company experienced a slight revenue miss, reporting $1.8 billion in net revenue, which was slightly below expectations. The firm noted strong performance in target date funds and fixed income, although it faced net outflows in U.S. equities. Furthermore, T. Rowe Price disclosed its preliminary month-end assets under management for April, totaling approximately $1.56 trillion, with net outflows of $3.5 billion for the month.

In addition, T. Rowe Price held its annual stockholder meeting, where all director nominees were elected, and the advisory vote on executive compensation passed. The appointment of KPMG LLP as the independent registered public accounting firm for 2025 was also ratified. However, a stockholder proposal concerning shareholder approval of excessive golden parachutes did not pass. The company announced a quarterly dividend of $1.27 per share, payable in June 2025.

Meanwhile, Hub International Ltd. raised $1.6 billion in a new round of equity funding, increasing its valuation to $29 billion. The funding round was led by T. Rowe Price Investment Management Inc., Alpha Wave Global, and Temasek, among others. This marks a significant rise in Hub’s valuation from $4.4 billion in 2013. These developments reflect the ongoing strategic and financial maneuvers within these firms, offering investors a glimpse into their current trajectories.

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