secwatch.observer — SEC 8-K summary
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Issuer:     PRICE T ROWE GROUP INC (TROW)
CIK:        0001113169
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001113169-23-000022
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T. Rowe Price Q2 2023: EPS $2.06 GAAP ($2.02 adj.), net outflows $20B, AUM $1.40T
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- Diluted GAAP EPS of $2.06 vs $1.46 YoY; adjusted diluted EPS of $2.02 vs $1.79 YoY.
- Net revenues $1.61B (+6.4% YoY) driven by $38.7M capital allocation-based income vs -$126.3M a year ago.
- Net client outflows of $20.0B in Q2, with equity outflows of $19.5B; total AUM rose to $1.40T.
- Investment advisory fees $1.43B (-4.4% YoY) due to lower average AUM and effective fee rate of 42.3 bps.
- Returned $323M to stockholders via dividends and buybacks; headcount of 7,903, up 1.7% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113169/000111316923000022/0001113169-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113169/000111316923000022/trow-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001113169-23-000022

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