secwatch.observer — SEC 8-K summary
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Issuer:     PRICE T ROWE GROUP INC (TROW)
CIK:        0001113169
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001113169-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T. Rowe Price Q1 GAAP EPS $1.83, revenue down 17.5% YoY, net outflows $16.1B
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- GAAP diluted EPS of $1.83 ($1.69 adj), down 24.1% from $2.41 in Q1 2022.
- Net revenues of $1.54B, down 17.5% YoY; investment advisory fees $1.39B (-16.3%).
- Net client outflows of $16.1B; target-date inflows of $7.5B offset by equity outflows of $23.5B.
- AUM of $1.34T, up 5.3% from Q4 2022 but down 13.5% from Q1 2022.
- Quarterly dividend raised for 37th consecutive year (amount not disclosed in release).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113169/000111316923000011/0001113169-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113169/000111316923000011/trow-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001113169-23-000011

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