T. Rowe Price reports $1.68 trillion in assets under management

BALTIMORE - T. Rowe Price Group, Inc. (NASDAQ-GS:TROW), a $22.68 billion asset management firm with strong financial health metrics according to InvestingPro, reported preliminary assets under management of $1.68 trillion as of June 30, 2025, according to a company press release issued Friday.

The asset manager experienced net outflows of $7.0 billion in June, which the company attributed primarily to "the timing of a few redemptions and client rebalancing." For the second quarter ending June 2025, net outflows totaled $14.9 billion, including $0.7 billion of manager-driven distributions. Despite these outflows, the company maintains robust liquidity with a current ratio of 3.89.

Despite the outflows, the firm’s total assets under management increased from $1.624 trillion at the end of May and $1.566 trillion at the end of the first quarter. The company’s equity assets reached $839 billion, up from $806 billion in May and $773 billion at the end of March.

Fixed income assets, including money market funds, stood at $200 billion, while multi-asset portfolios totaled $583 billion. Alternative investments accounted for $55 billion of the firm’s assets under management.

Target date retirement portfolios, which represent a significant portion of the company’s business, reached $520 billion, compared to $504 billion in May and $484 billion at the end of the first quarter.

T. Rowe Price is scheduled to release its second-quarter 2025 earnings on Friday, August 1, before market open, followed by an earnings call.

The company manages approximately two-thirds of its assets in retirement-related investments, according to the press release.

In other recent news, T. Rowe Price Group, Inc. reported preliminary assets under management totaling $1.62 trillion as of May 31, 2025. This marks an increase from $1.56 trillion at the end of April, despite experiencing net outflows of $4.4 billion during May. The company’s equity assets rose to $806 billion, while fixed income assets, including money market funds, increased slightly to $199 billion. Additionally, T. Rowe Price’s multi-asset portfolios grew to $566 billion, and target date retirement portfolios rose to $504 billion. The firm also held its annual stockholder meeting, where all director nominees were elected and KPMG LLP was ratified as the independent registered public accounting firm for 2025. A proposal requiring shareholder approval for excessive golden parachutes did not pass. Separately, Hub International Ltd., backed by Hellman & Friedman, reached a $29 billion valuation following a $1.6 billion funding round led by T. Rowe Price Investment Management Inc., Alpha Wave Global, and Temasek. These developments highlight ongoing activities in the financial sector.

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