t rowe price group inc (TROW) Key Developments
T. Rowe Price Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Capital Expenditures Guidance for the Year 2015
Oct 22 15
T. Rowe Price Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net revenues of $1,049.0 million compared to $1,020.8 million a year ago. Net operating income was $458.3 million compared to $488.7 million a year ago. Income before income taxes were $458.6 million compared to $493.9 million a year ago. Net income was $277.1 million compared to $303.6 million a year ago. Net income allocated to common stockholders was $273.0 million compared to $299.8 million a year ago. Diluted earnings per share were $1.06 compared to $1.12 a year ago.
For the nine months, the company reported net revenues of $3,148.4 million compared to $2,959.7 million a year ago. Net operating income was $1,443.9 million compared to $1,410.9 million a year ago. Income before income taxes were $1,504.0 million compared to $1,484.3 million a year ago. Net income was $919.8 million compared to $913.7 million a year ago. Net income allocated to common stockholders was $908 million compared to $903.2 million a year ago. Diluted earnings per share were $3.45 compared to $3.37 a year ago.
For the year 2015, the firm expects capital expenditures to be about $170 million, including $115 million already invested in technology and facilities this year.
T. Rowe Price Group Declares Quarterly Dividend Payable on December 30, 2015
Oct 21 15
T. Rowe Price Group, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.52 per share payable December 30, 2015 to stockholders of record as of the close of business on December 16, 2015.
T. Rowe Price Group, Inc. Presents at Investment Expert Stockholm, Oct-21-2015 01:30 PM
Oct 19 15
T. Rowe Price Group, Inc. Presents at Investment Expert Stockholm, Oct-21-2015 01:30 PM. Venue: The Grand Hotel, Södra Blasieholmshamnen 8, Stockholm 111 48, Sweden. Speakers: Kenneth A. Orchard, Portfolio Manager, Fixed Income.
T. Rowe Price Launches Retirement I Funds
Oct 7 15
Rowe Price has launched its new Retirement I Funds, a series of target date funds for retirement plans and other institutional investors. The 13 new Retirement I Funds have identical investment strategies to those of the firm's Retirement Fund series, but are differentiated by lower shareholder servicing costs. The funds's glide paths, underlying funds and targeted asset allocation are the same. Financial intermediaries, retirement plans, other institutional investors, and individuals investing a minimum of $1 million can use Retirement I Fund series as a low-cost share class option. The Retirement I Fund series add to the 19 I Class offerings T. Rowe Price launched in September 2015. The principal value of the Retirement I Funds is not guaranteed at any time, including at or after the target date, which is the approximate year an investor plans to retire (assumed to be age 65) and likely stop making new investments in the fund. If an investor plans to retire significantly earlier or later than age 65, the funds may not be an appropriate investment even if the investor is retiring on or near the target date. The funds' allocations among a broad range of underlying T. Rowe Price stock and bond funds will change over time. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus on supporting an income stream over a long-term postretirement withdrawal horizon. The funds are not designed for a lump-sum redemption at the target date and do not guarantee a particular level of income. The funds maintain a substantial allocation to equities both prior to and after the target date, which can result in greater volatility over shorter time horizons.
T. Rowe Price Presents at 8th Annual Global Exchange Leader Conference, Oct-08-2015 08:05 AM
Oct 5 15
T. Rowe Price Presents at 8th Annual Global Exchange Leader Conference, Oct-08-2015 08:05 AM. Venue: Convene Conference Center, 730 Third Avenue (at 45th Street), New york, New York, United States. Speakers: Mett Kinak, Head of Global Equity Market Structure and Electronic Trading.