Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

T. Rowe Price Group Inc Add to portfolio

INX:TROW, Sep 26, 09:43 UTC

Latest INX:TROW News

Filter your feed

Apply Filter

Monday, September 24


News

T. Rowe Price: Parents are Less Stressed About College Costs and Getting Wiser About Covering Them

TROW

"This September we have a real reason to celebrate College Savings Month: More parents are doing the right thing to financially prepare for college costs," says Stuart Ritter, CFP®, a senior financial planner at T. Rowe Price. "A stronger aversion to student debt, increased usage of 529 college savings accounts, and a decrease in parents pulling money from college savings for other expenses are very positive developments. "It's hard to say whether the 2018 findings are an anomaly or whether this may represent a shift in parents' thinking about college costs. For years, we frequently saw a mentality among parents of 'the best school at any cost.' To help parents discuss money with their kids, the firm created MoneyConfidentKids.com, which provides free online games for kids; tips for parents that are focused on financial concepts such as goal setting, spending versus saving, inflation, asset allocation, and investment diversification; and classroom lessons for educators. Misconceptions about 529 accounts are still common: One-third of parents mistakenly believe that they will lose any money left in a 529 account if their child doesn't go to college or if there's money left over after they finish. While taxes may be assessed on any distributed earnings, you never forfeit the contributions made to a 529 account.

Read Full Details

Topics:
  • Business
  • Education
  • Health
  • Financial

Monday, September 17


News

T. Rowe, BlackRock and MFS beat indexes through August - Pensions & Investments

BLK TROW

Among the 10 largest U.S. equity managers, funds from T. Rowe Price, BlackRock (BLK) and MFS outperformed their respective indexes through Aug. 31. T. Rowe Price was the only manager to provide material excess returns across its fund family over the trailing three- and five-year periods. BlackRock's year-to-date showing might signal a turnaround in the manager's active strategies as its funds have struggled to outperform their benchmarks over longer periods. For the three-year period, about 58% of the 60 T. Rowe Price funds observed provided returns in excess of their stated benchmarks, while about 52% of Dimensional's outperformed. Only about 18% of American Fund's products exceeded their indexes in that period and only about one-fifth of J.P. Morgan's were able to outperform.

Read Full Details

Topics:
  • Business
  • Financial
News

T. Rowe Price Study Finds Strong Correlation Between Financial Performance of Companies and Quality of Their 401(k) Plans

TROW

The study evaluated 485 401(k) plans with more than $50 million in assets and a BrightScope® Rating, which served as a proxy for 401(k) plan quality, at 332 U.S. publicly traded companies. 401(k) plans with an Above Average rating are strongly associated with companies that have between 20 and 80 percent higher profitability measures than companies with 401(k) plans rated as Average. "The cost of benefits continues to increase and chief financial officers are often engaged with their human resources teams to talk about the return on investment of the company's retirement plan, beyond talent acquisition and retention," said Aimee DeCamillo, head of T. Rowe Price Retirement Plan Services, Inc. "Our research shows that there may be corollary benefits when companies invest in their 401(k)s—and disadvantages when they don't. Employees benefit from well-designed 401(k) plans, and the same employees directly affect corporate profitability." More than 50 percent of CFOs surveyed believe a well-designed 401(k) plan can influence corporate profitability, while an equal percentage of CFOs are skeptical that its value can be measured. However, three-fourths of respondents are receptive to further research about the potential correlation between 401(k) plan quality and corporate financial performance.

Read Full Details

Topics:
  • Business
  • Financial
News

Is T. Rowe Price Financial Services (PRISX) a Strong Mutual Fund Pick Right Now?

TROW

PRISX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance. Sector - Finance mutual funds provide investors with a diversified and stabilized investment approach focused on the financial space, which is a notoriously large, complex, and heavily-regulated industry. This fund carries a 5-year annualized total return of 13.36%, and it sits in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 13.23%, which places it in the top third during this time-frame. When looking at a fund's performance, it is also important to note the standard deviation of the returns. Overall, T. Rowe Price Financial Services ( PRISX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, T. Rowe Price Financial Services ( PRISX ) looks like a good potential choice for investors right now. For additional information on this product, or to compare it to other mutual funds in the Sector - Finance, make sure to go to www.zacks.com/funds/mutual-funds for additional information. If you want to check out our stock reports as well, make sure to go to Zacks.com to see all of the great tools we have to offer, including our time-tested Zacks Rank.

Read Full Details

Topics:
  • Business
  • Financial

Friday, September 14


News

T. Rowe Price (TROW) Records Sequential Growth in August AUM

TROW

T. Rowe Price Group, Inc. TROW announced preliminary assets under management (AUM) of $1.09 trillion for August 2018. Results reflect nearly 2% rise from $1.07 trillion recorded on Jul 31, 2018.Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.6 billion in August.Month-end total sponsored U.S. mutual funds came in at $648 billion, up 1.6% from the prior month. Our ViewpointAlthough regulatory restrictions and sluggish economic recovery are likely to impair the company’s growth and escalate costs, T. Rowe Price’s diverse and efficient business model is anticipated to help it further improve AUM. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Competitive LandscapeAmong other investment managers, Franklin Resources BEN announced preliminary AUM by its subsidiaries of $722.4 billion for August 2018.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, September 13


News

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management for August 2018

TROW

BALTIMORE, Sept. 13, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (TROW) today reported preliminary month-end assets under management of $1.09 trillion as of August 31, 2018. Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $1.6 billion in August 2018 and $2.1 billion for the quarter-to-date period ended August 31, 2018. The firm's assets under management as of August 31, 2018, and for the prior month-, quarter- and year-end, by investment vehicle, asset class, and in the firm's target date retirement portfolios are as follows:. Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, September 12


News

3 T. Rowe Price Mutual Funds Worth Betting On

TROW

T. Rowe Price is a renowned publicly owned investment management firm, headquartered in Baltimore, MD. The company was founded in 1937 by Thomas Rowe Price, Jr. It had assets worth $1.01 trillion under management as of Mar 31, 2018 and boasts having more than 6,800 associates, including 571 investment professionals. T. Rowe Price Japan has one-year annualized returns of 14.8%. As of June 2018, PRJPX held 81 issues, with 3.09% of its assets invested in SoftBank Group Corp. To view the Zacks Rank and past performance of all T. Rowe Price mutual funds, investors can click here to see the complete list of T. Rowe Price funds.

Read Full Details

Topics:
  • Business
  • Financial

Friday, September 07


Social Chatter

Thursday, September 06


News

The top tech dealmaker at T. Rowe Price explains why he's betting on 'start-up in a box' PagerDuty

TROW

Long before SoftBank lauched its $100 billion Vision Fund, and years ahead of the private equity and mutual fund rush to Silicon Valley, T. Rowe Price Group's Henry Ellenbogen saw the opportunity to write big checks to tech companies while they were still private. He's now been investing in late-stage start-ups for a dozen years, providing capital and guidance for consumer businesses such as Twitter and GrubHub and business software vendors Workday and Atlassian , and then generally adding to his stake when they IPO. Those bets have helped make Ellenbogen's $25 billion New Horizons Fund the top-ranked small-growth fund, according to U.S. News & World Report. For his latest deal, announced on Thursday, Ellenbogen led a $90 million investment in PagerDuty, whose software helps technical staff at companies spot problems and respond to incidents such as customer complaints. Ellenbogen met PagerDuty CEO Jenn Tejada through venture capitalist Marc Andreessen , who has worked with T. Rowe on numerous deals and whose firm, Andreessen Horowitz, was already an investor.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Is T. Rowe Price Science Technology Fund (PRSCX) a Strong Mutual Fund Pick Right Now? - September 6, 2018

TROW

PRGFX is classified in the Large Cap Growth segment by Zacks, an area full of possibilities. Large Cap Growth mutual funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. T. Rowe Price Growth Stock Fund made its debut in April of 1950, and since then, PRGFX has accumulated about $38.93 billion in assets, per the most up-to-date date available. This fund carries a 5-year annualized total return of 16.67%, and it sits in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 14.3%, which places it in the top third during this time-frame. When looking at a fund's performance, it is also important to note the standard deviation of the returns.

Read Full Details

Story Sources

zacks.com zacks.com
Topics:
  • Business
  • Financial