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Last $81.20 USD
Change Today +0.53 / 0.66%
Volume 190.1K
TROW On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 10:00 AM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

t rowe price group inc (TROW) Key Developments

T. Rowe Price Group, Inc. Presents at Bank of America Merrill Lynch 2015 Emerging Markets Corporate Conference, May-27-2015 through May-29-2015

T. Rowe Price Group, Inc. Presents at Bank of America Merrill Lynch 2015 Emerging Markets Corporate Conference, May-27-2015 through May-29-2015. Venue: Fontainebleau Miami Beach, 4441 Collins Avenue, Miami Beach, Florida, United States. Presentation Date & Speakers: May-27-2015, Samy B. Muaddi, Vice President. May-28-2015, Samy B. Muaddi, Vice President.

T. Rowe Price Group Announces Management Changes

The Board of Directors of T. Rowe Price Group announced that James A.C. Kennedy, CEO and president and chair of the firm's Management Committee, has decided to step down from those roles, effective December 31, 2015. He will retire from the firm at the company's Annual Meeting on April 27, 2016. William J. Stromberg who is currently head of Global Equity and Global Equity Research and a member of the firm's Management Committee, will succeed Jim. Bill will become president and CEO and chair of the Management Committee, effective January 1, 2016. He will also join the Board of Directors at that time. As part of the transition, Eric L. Veiel, a director of Equity Research North America and a member of the U.S. Equity Steering Committee, will become head of U.S. Equity and chair of the U.S. Equity Steering Committee, effective January 1, 2016. He will also join the Management Committee at that time.

T. Rowe Price Group, Inc. Declares Special Cash Dividend

The board of T. Rowe Price Group, Inc. declared a special cash dividend of USD 2.00 per share, aggregating USD 524 million.

T Rowe Price Group Inc Announces Quarterly Dividend, Payable on June 29, 2015

The board of directors of T Rowe Price Group Inc. authorized a quarterly dividend of USD 0.52 per share. All stockholders of record as of the close of business on June 15, 2015 will be paid on June 29, 2015.

T. Rowe Price Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015

T. Rowe Price Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income allocated to common stockholders of $301.1 million or $1.13 per diluted share on revenues of $1,027.0 million compared to net income allocated to common stockholders of $301.1 million or $1.12 per diluted share on revenues of $954.6 million a year ago. Net operating income was $477.8 million compared to $449.1 million a year ago. Income before income taxes was $504.6 million compared to $491.2 million a year ago. Net income was $309.5 million compared to $304.3 million a year ago. Cash provided by operating activities, including $31.0 of stock-based compensation expense in 2015 was $543.8 million compared to $487.1 million a year ago. The company invested $41 million during the first quarter of 2015 in capitalized technology and facilities. Capital expenditures for the full year 2015 could be up to $175 million. The company currently estimates that its effective rate for the full-year 2015 will be about 38.8%.

 

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