T. Rowe Price (TROW) Reports $1.71T AUM for March as Assets Decline Month over Month

T. Rowe Price Group, Inc. (NASDAQ:TROW) is included among the 14 Value Stocks with Highest Dividends.

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On April 13, T. Rowe Price Group, Inc. (NASDAQ:TROW) announced that its assets under management at the end of March stood at $1.71 trillion, down from $1.80 trillion at the end of the prior month. Net outflows came in at $3.2 billion for March, compared to $5.3 billion in the previous month. By asset class, Equity accounted for $810 billion in AUM as of March 31. Fixed income, including money market, stood at $215 billion. Multi-asset totaled $625 billion, while Alternatives came in at $60 billion.

In another update, on April 10, BMO Capital Markets lowered its price recommendation on TROW to $98 from $104. It reiterated a Market Perform rating on the shares. The firm said its negative EPS revisions across the group mainly reflect broader market headwinds that became more noticeable in March, according to a research note.

Similarly, on April 9, TD Cowen analyst Bill Katz lowered the firm’s price target on T. Rowe Price to $93 from $97 and maintained a Hold rating. The firm adjusted its targets across asset managers, broker-dealers, and exchanges as part of its Q1 preview.

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a financial services holding company that provides global investment advisory services. It offers investment solutions across equity, fixed income, multi-asset, and alternative strategies, serving individuals, advisors, institutions, and retirement plan sponsors.

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