Highest-materiality recent filing
T. Rowe Price appoints Eric Veiel as President, expands investment leadership team
Eric Veiel named President, Co-Head of Global Investments and CIO, effective June 1, 2026.
T. Rowe Price Q1 2026: GAAP EPS $2.23, adjusted $2.52; AUM $1.7T, net outflows $13.7B
Net revenues $1.857B, +5.3% YoY; net income attributable $498.2M, +1.6% YoY.
T. Rowe Price renews OHA CEO Glenn August employment agreement with new incentive structure
Glenn August remains OHA CEO; base salary $350,000 unchanged.
T. Rowe Price reports Q4 adj. EPS $2.44, but net outflows $25.5B; restructuring charge $148.8M
GAAP EPS $1.99, adj. $2.44; net revenue $1.93B (+6.0% YoY).
T. Rowe Price Q3 2025: AUM hits $1.77T record, but net outflows $7.9B
Diluted EPS $2.87 ($2.81 adjusted), net revenue $1.89B (+6% YoY), net income $646M (+7%).
Goldman Sachs to invest up to $1B in T. Rowe Price; firms unveil public-private investment solutions
Goldman Sachs intends to invest up to $1B in T. Rowe Price common stock, targeting up to 3.5% ownership.
T. Rowe Price Q2 EPS $2.24, AUM $1.68T, net outflows $14.9B
Diluted EPS $2.24 (GAAP and adjusted); net income $505.2M, up 4.5% YoY.
T. Rowe Price Q1 2025: AUM $1.57T, net outflows $8.6B, GAAP EPS $2.15
Net outflows of $8.6B; equity AUM down $56.3B, fixed income/multi-asset/alternatives saw inflows.
T. Rowe Price Q4 adj EPS $2.12 (+23% YoY); FY net outflows cut to $43.2B
GAAP Q4 EPS $1.92, FY $9.15; adjusted Q4 EPS $2.12, FY $9.33.
T. Rowe Price increases share repurchase authorization by 15M shares to ~19M shares
Board approved a 15M share increase in the stock buyback authorization on December 4, 2024.
T. Rowe Price Q3 GAAP EPS $2.64, revenue $1.79B; AUM $1.63T with $12.2B outflows
GAAP diluted EPS $2.64 vs $1.97 YoY; adjusted diluted EPS $2.57 vs $2.17.
T. Rowe Price Q2 adj EPS $2.26, revenue up 7.6% YoY; AUM $1.57T, net outflows $3.7B
GAAP diluted EPS $2.11; adjusted diluted EPS $2.26, up 11.9% YoY.
T. Rowe Price Q1 2024: EPS $2.49, AUM $1.54T, net outflows $8B, dividend raised for 38th year
Diluted EPS $2.49 GAAP, adjusted $2.38; revenue $1.75B (+13.8% YoY).
T. Rowe Price Chair Stromberg and Dr. Hrabowski to retire; CEO Sharps to become Chair
William J. Stromberg (non-executive Chair) and Dr. Freeman Hrabowski will retire at the May 7, 2024 annual meeting.
T. Rowe Price Q4 EPS $1.90, revenue up 7.7% YoY; full-year outflows $81.8B
Q4 GAAP EPS $1.90 vs $1.16 YoY; adjusted EPS $1.72; net revenue $1.64B (+7.7% YoY).
T. Rowe Price reports $1.31T AUM; expects net outflows >$10B monthly in Nov-Dec
AUM of $1.31 trillion as of Oct 31, down from $1.346 trillion at Sep 30.
T. Rowe Price Q3 EPS $1.97 GAAP/$2.17 adj; AUM falls to $1.35T on $17.4B outflows
Diluted EPS $1.97 GAAP ($2.17 adj) vs $1.66 GAAP in Q3 2022, up 18.7% GAAP.
T. Rowe Price Q2 2023: EPS $2.06 GAAP ($2.02 adj.), net outflows $20B, AUM $1.40T
Diluted GAAP EPS of $2.06 vs $1.46 YoY; adjusted diluted EPS of $2.02 vs $1.79 YoY.
T. Rowe Price Q1 GAAP EPS $1.83, revenue down 17.5% YoY, net outflows $16.1B
GAAP diluted EPS of $1.83 ($1.69 adj), down 24.1% from $2.41 in Q1 2022.
T. Rowe Price Q4 GAAP EPS $1.16, down 64% YoY; AUM down 24.5% to $1.27T
GAAP diluted EPS $1.16 in Q4 2022 vs $3.18 in Q4 2021; adjusted EPS $1.74 vs $3.17.
T. Rowe Price appoints Kimberly Johnson as COO effective April 29, 2022
Johnson, former Fannie Mae EVP and COO, will lead Global Technology, Investment Operations, and Enterprise Risk.
T. Rowe Price Q4 GAAP EPS down 4.5% YoY; net outflows $22.7B in Q4
Diluted EPS of $3.18 for Q4 2021 vs $3.33 YoY (-4.5%); full year EPS $13.12 (+31.5% YoY).
T. Rowe Price completes $3.3B acquisition of Oak Hill Advisors (OHA) alternative credit manager
Purchase price ~$3.3B: 74% cash, 26% stock (4,447,088 shares issued).
T. Rowe Price names Rob Sharps CEO effective Jan 1, 2022; Stromberg non-exec chair
William J. Stromberg retires as CEO and chair of Management Committee on Dec 31, 2021; remains non-executive chair.
Purchase price up to ~$4.2B: $3.3B at closing (74% cash, 26% stock) plus up to $900M earnout.
T. Rowe Price CEO Stromberg to retire Dec 31, 2021; Sharps to succeed Jan 1, 2022
CEO Bill Stromberg to retire Dec 31, 2021; remains non-executive Chair of the Board.
On May 15, 2026, the Board of Directors (the “Board”) of T. Rowe Price Group, Inc. (the “Company”) approved the appointment of Eric L. Veiel to become the President, Co-Head of Global Investments and Chief Investment Officer of the Company, effective immediately.
Justin Thomson, will step down as Head of International Equity, effective December 31, 2024, to assume a new position as head of the T. Rowe Price Investment Institute, and will remain a chief investment officer.
On February 16, 2024, Mr. William J. Stromberg, the non-executive Chair of the Board of Directors (the "Board") of T. Rowe Price Group, Inc. (the "Company"), and Dr. Freeman A. Hrabowski, III, informed the Board, that they will retire from the Board at the Company's 2024 Annual Meeting of Stockholders, which is currently scheduled for May 7, 2024.
On February 20, 2024, the Board announced that Mr. Robert W. Sharps will become the Chair of the Board following Mr. Stromberg’s retirement, in addition to continuing on as the Chief Executive Officer and President of the Company.
On February 16, 2024, Mr. William J. Stromberg, the non-executive Chair of the Board of Directors (the "Board") of T. Rowe Price Group, Inc. (the "Company"), and Dr. Freeman A. Hrabowski, III, informed the Board, that they will retire from the Board at the Company's 2024 Annual Meeting of Stockholders, which is currently scheduled for May 7, 2024.
On July 31, 2023, the Board of Directors (the “Board”) of T. Rowe Price Group, Inc. (the “Company”) increased the number of directors from 11 to 12, and elected Ms. Cynthia F. Smith as a director of the Company.
Effective March 3, 2023, Mr. Richard R. Verma resigned from the Board of Directors of T. Rowe Price Group, Inc. (the "Company").
Effective April 29, 2022, Robert C.T. Higginbotham, the Company's Vice President and Head of Global Distribution, will cease to serve as the interim COO of the Company.
the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective, along with the appointment of Mr. August to the Company's Management Committee
the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective
the appointment of Mr. August to the Company's Management Committee
the Board elected Mr. Glenn R. August as a director, effective upon the first business day following the closing date of the Company’s acquisition of OHA.
Max materiality 0.85 · Median 0.65 · Most common event earnings