T. Rowe Price Earnings Today: $13.7 Billion Outflows Put 5% Dividend Stock on the Spot
T. Rowe Price Group will post first-quarter results Thursday before the U.S. bell, with $13.7 billion in net outflows for the period already out in the open and investors focused on whether the Baltimore asset manager is managing to stem the tide. Numbers hit at 7:00 a.m. ET; CEO Rob Sharps and CFO Jen Dardis take analyst questions an hour later on the earnings call. This is crucial at the moment, since T. Rowe still leans hard on assets under management—AUM—the pile of client funds that feeds its fee revenue. At the end of March, the company reported AUM at $1.71 trillion, down from $1.80 trillion just a month earlier. March saw net outflows hit $3.2 billion, and for the first quarter, outflows totaled $0.9 billion from manager-driven distributions.