secwatch.observer — SEC 8-K summary
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Issuer:     PRICE T ROWE GROUP INC (TROW)
CIK:        0001113169
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001113169-23-000042
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 Q3 EPS $1.97 GAAP/$2.17 adj; AUM falls to $1.35T on $17.4B outflows
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- Diluted EPS $1.97 GAAP ($2.17 adj) vs $1.66 GAAP in Q3 2022, up 18.7% GAAP.
- Net revenues $1.67B (+5.2% YoY); investment advisory fees $1.46B (+1.5%).
- AUM $1.35T, down $52.9B from Q2; net outflows $17.4B led by equity ($19.7B outflows).
- Adjusted operating expenses $1.06B (+3.2% YoY); headcount 7,842, down 1.9% YoY.
- Returned $386M via quarterly dividend and stock repurchases in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113169/000111316923000042/0001113169-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113169/000111316923000042/trow-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001113169-23-000042

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer