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BALTIMORE, May 8, 2025 – T. Rowe Price Group Inc. (NASDAQ:TROW), a global investment management firm with a market capitalization of $20.43 billion, held its annual meeting of stockholders on May 8, 2025, as disclosed in a recent 8-K filing with the Securities and Exchange Commission. According to InvestingPro data, the company maintains a robust financial health score and has consistently paid dividends for 40 consecutive years. The meeting addressed several key proposals, with the majority of the company’s 222.2 million eligible shares represented.
In the election of directors, all nominees were elected with a substantial majority of votes cast in favor. The results varied for each nominee but showed significant support across the board. The advisory vote on executive compensation, also known as "say on pay," passed with a majority of votes for, although there was a notable number of votes against and some abstentions. The appointment of KPMG LLP as the independent registered public accounting firm for 2025 was ratified with an overwhelming majority. The company’s strong financial position is reflected in its healthy current ratio of 3.89 and attractive dividend yield of 5.48%.
A stockholder proposal concerning the requirement for shareholder approval of excessive golden parachutes did not pass, with a majority voting against it and a smaller portion abstaining. In each case, broker non-votes were recorded but did not affect the outcome of the proposals.
The proxy statement and solicitation materials for this meeting were previously filed with the SEC on March 26, 2025. The record date for determining stockholders eligible to vote was March 3, 2025.
The meeting and its outcomes are part of T. Rowe Price’s annual governance process, ensuring that shareholders have a voice in the critical aspects of the company’s management and strategic direction. The filing confirms the company’s commitment to transparency and adherence to SEC regulations. For deeper insights into T. Rowe Price’s financial health and market position, InvestingPro offers comprehensive analysis through its Pro Research Report, one of 1,400+ detailed company analyses available to subscribers.
This news is based on a press release statement.
In other recent news, T. Rowe Price Group, Inc. reported better-than-expected earnings for the first quarter of 2025. The company’s earnings per share (EPS) reached $2.23, surpassing the forecasted $2.12, although revenue slightly missed expectations at $1.76 billion. The firm experienced net outflows of $8.6 billion, primarily from U.S. equities, but saw strong inflows in target date funds and fixed income products. As of April 30, 2025, T. Rowe Price disclosed its preliminary assets under management at approximately $1.56 trillion, with net outflows of $3.5 billion for April. Additionally, the company declared a quarterly dividend of $1.27 per share, payable on June 27, 2025. During its annual meeting, T. Rowe Price elected 11 directors to its Board and ratified KPMG LLP as its independent registered public accounting firm for 2025. The firm also launched two new ETFs, expanding its international retirement solutions. These developments reflect T. Rowe Price’s ongoing efforts to navigate market volatility and expand its global reach.
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