secwatch.observer — SEC 8-K summary
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Issuer:     PRICE T ROWE GROUP INC (TROW)
CIK:        0001113169
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0001113169-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T. Rowe Price Q1 2024: EPS $2.49, AUM $1.54T, net outflows $8B, dividend raised for 38th year
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- Diluted EPS $2.49 GAAP, adjusted $2.38; revenue $1.75B (+13.8% YoY).
- Net client outflows $8.0B, about half of Q1 2023 outflows; AUM $1.54T (+$97.7B QoQ).
- Operating income $586.6M GAAP, adjusted $692.4M; returned $365M to shareholders.
- Quarterly dividend increased for 38th consecutive year; effective fee rate 42.1 bps.
- CEO expects substantial improvement in outflows in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113169/000111316924000011/0001113169-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113169/000111316924000011/trow-20240426.htm
  HTML page:      https://secwatch.observer/filing/0001113169-24-000011

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