Stock Track | T. Rowe Price Plummets 5.05% on Disappointing Q4 Results and Persistent Client Outflows

Stock Track

Feb 05, 2025

T. Rowe Price Group Inc (TROW) saw its stock plummet 5.05% in the intraday trading session on Wednesday, following the release of its fourth-quarter and full-year 2024 earnings results. The asset management firm missed analysts' expectations for both adjusted earnings per share (EPS) and revenue.

The company reported adjusted EPS of $2.12 for the quarter, falling short of the consensus estimate of $2.20. T. Rowe Price's net revenue for the quarter stood at $1.82 billion, missing the anticipated $1.87 billion, despite an 11.1% year-over-year increase.

While T. Rowe Price's assets under management (AUM) grew 11.2% year-over-year to $1.61 trillion, the firm continued to grapple with significant net client outflows. In Q4 2024, T. Rowe Price experienced net client outflows of $19.3 billion, extending its streak of outflows to 15 consecutive quarters. For the full year, total net outflows amounted to $43.2 billion, highlighting the persistent challenge of client retention amid increased competition and preference for low-cost passive investment strategies.

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Rowe Price Group Inc (TROW) saw its stock plummet 5.05% in the intraday trading session on Wednesday, following the release of its fourth-quarter and full-year 2024 earnings results. The asset management firm missed analysts' expectations for both adjusted earnings per share (EPS) and revenue.</p>\n\n<p>The company reported adjusted EPS of $2.12 for the quarter, falling short of the consensus estimate of $2.20. T. Rowe Price's net revenue for the quarter stood at $1.82 billion, missing the anticipated $1.87 billion, despite an 11.1% year-over-year increase.</p>\n\n<p>While T. Rowe Price's assets under management (AUM) grew 11.2% year-over-year to $1.61 trillion, the firm continued to grapple with significant net client outflows. In Q4 2024, T. Rowe Price experienced net client outflows of $19.3 billion, extending its streak of outflows to 15 consecutive quarters. For the full year, total net outflows amounted to $43.2 billion, highlighting the persistent challenge of client retention amid increased competition and preference for low-cost passive investment strategies.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | T. 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Rowe Price Plummets 5.05% on Disappointing Q4 Results and Persistent Client Outflows\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-05 23:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>T. Rowe Price Group Inc (TROW) saw its stock plummet 5.05% in the intraday trading session on Wednesday, following the release of its fourth-quarter and full-year 2024 earnings results. The asset management firm missed analysts' expectations for both adjusted earnings per share (EPS) and revenue.</p>\n\n<p>The company reported adjusted EPS of $2.12 for the quarter, falling short of the consensus estimate of $2.20. T. Rowe Price's net revenue for the quarter stood at $1.82 billion, missing the anticipated $1.87 billion, despite an 11.1% year-over-year increase.</p>\n\n<p>While T. Rowe Price's assets under management (AUM) grew 11.2% year-over-year to $1.61 trillion, the firm continued to grapple with significant net client outflows. In Q4 2024, T. Rowe Price experienced net client outflows of $19.3 billion, extending its streak of outflows to 15 consecutive quarters. For the full year, total net outflows amounted to $43.2 billion, highlighting the persistent challenge of client retention amid increased competition and preference for low-cost passive investment strategies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TROW","symbol_name":"普信集团","start_time":0,"source_url":"","article_id":"1197476601","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197476601","pubTimestamp":1738768017,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"T. Rowe Price Group Inc  saw its stock plummet 5.05% in the intraday trading session on Wednesday, following the release of its fourth-quarter and full-year 2024 earnings results. The asset management firm missed analysts' expectations for both adjusted earnings per share  and revenue.The company reported adjusted EPS of $2.12 for the quarter, falling short of the consensus estimate of $2.20. T. Rowe Price's net revenue for the quarter stood at $1.82 billion, missing the anticipated $1.87 billio","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TROW":"普信集团"},"translate_title":"由于第四季度业绩令人失望和客户持续外流，T.Rowe股价暴跌5.05%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TROW":1},"content_text":"T. Rowe Price Group Inc (TROW) saw its stock plummet 5.05% in the intraday trading session on Wednesday, following the release of its fourth-quarter and full-year 2024 earnings results. The asset management firm missed analysts' expectations for both adjusted earnings per share (EPS) and revenue.\nThe company reported adjusted EPS of $2.12 for the quarter, falling short of the consensus estimate of $2.20. T. Rowe Price's net revenue for the quarter stood at $1.82 billion, missing the anticipated $1.87 billion, despite an 11.1% year-over-year increase.\nWhile T. Rowe Price's assets under management (AUM) grew 11.2% year-over-year to $1.61 trillion, the firm continued to grapple with significant net client outflows. In Q4 2024, T. Rowe Price experienced net client outflows of $19.3 billion, extending its streak of outflows to 15 consecutive quarters. For the full year, total net outflows amounted to $43.2 billion, highlighting the persistent challenge of client retention amid increased competition and preference for low-cost passive investment strategies.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}