Every material Form 8-K T. Rowe Price filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
T. Rowe Price reported third-quarter 2024 results on November 1, 2024. Net revenues rose 6.9% from a year earlier to $1.8 billion, and diluted EPS was $2.64 versus $1.97, though the firm also reported net client outflows of $12.2 billion for the quarter. Ending assets under management reached $1.63 trillion, and the company returned $354 million to stockholders through dividends and buybacks.
Net income attributable to T. Rowe Price was $603.0 million, up 33.1% from $453.2 million in Q3 2023.
Net revenues were $1.8 billion, up 6.9% from Q3 2023; total operating expenses rose 7.6% to $1,172.0 million.
Net client outflows were $12.2 billion; ending assets under management were $1.63 trillion, up 21.1% from a year earlier.
Management hosted an earnings call and webcast on November 1, 2024, from 8:00 to 8:45 AM Eastern time.
T. Rowe Price said Justin Thomson will step down as Head of International Equity effective December 31, 2024, to lead the newly formed T. Rowe Price Investment Institute, which is scheduled to launch January 1, 2025. He will remain a chief investment officer and will leave the Management Committee and cease being an executive officer on December 31, 2024.
Thomson steps down as Head of International Equity effective December 31, 2024
He will head the T. Rowe Price Investment Institute, scheduled to launch January 1, 2025, and will remain a chief investment officer
Thomson also leaves the Management Committee and stops being an executive officer on December 31, 2024
Thomson is a 26-year company veteran who previously managed the International Small-Cap Equity Strategy
T. Rowe Price reported second-quarter 2024 results on July 26, 2024, with net revenues of $1.7 billion, up 7.6% from a year earlier, and diluted earnings per share of $2.11, up 2.4% from a year earlier. The firm also recorded net client outflows of $3.7 billion, and both revenue and GAAP earnings fell from the first quarter of 2024.
Net revenues were $1,733.3 million in Q2 2024, up 7.6% from Q2 2023 and down 1.0% from Q1 2024.
GAAP diluted EPS was $2.11 versus $2.06 a year earlier and $2.49 in Q1 2024; adjusted diluted EPS was $2.26.
Ending assets under management were $1.57 trillion at June 30, 2024, after net client outflows of $3.7 billion in the quarter.
The firm returned $396 million to stockholders through dividends and stock repurchases in the quarter.
T. Rowe Price reported first-quarter 2024 results, with net revenues of $1.75 billion, up 13.8% from a year earlier, and net income attributable to the firm of $573.8 million, up 36.1%. Higher average assets under management and performance-based fees drove the gains, although the effective fee rate declined, and the firm also raised its quarterly dividend, which matters to shareholders because it signals continued payouts.
Net revenues of $1.75 billion in Q1 2024, up 13.8% from $1.54 billion in Q1 2023.
Diluted EPS of $2.49 versus $1.83 a year earlier; adjusted diluted EPS of $2.38 versus $1.69.
Net client outflows of $8.0 billion in Q1 2024; assets under management reached $1.54 trillion at March 31, 2024.
Quarterly dividend increased to $1.24 per share from $1.22, the 38th consecutive year of increases.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every T. Rowe Price filing is on SEC EDGAR ↗. 8-K briefs of other companies →