T. Rowe Price reports $1.89 trillion AUM for June

Gold slides as U.S.-Iran conflict lifts oil, hawkish Fed bets grow BALTIMORE - T. Rowe Price Group Inc. (NASDAQ:TROW) reported assets under management of $1.89 trillion as of June 30, according to a press release statement issued today. The firm recorded...

Gold slides as U.S.-Iran conflict lifts oil, hawkish Fed bets grow BALTIMORE - T. Rowe Price Group Inc. (NASDAQ:TROW) reported assets under management of $1.89 trillion as of June 30, according to a press release statement issued today. The firm recorded net inflows of $0.8 billion for June, which included a large subadvised equity inflow. For the quarter ended June 30, the company experienced net outflows of $6.5 billion, which included $0.5 billion of manager-driven distributions.

Assets under management increased from $1.71 trillion at the end of the first quarter. Equity assets totaled $919 billion at June month-end, up from $810 billion at March 31. Fixed income assets, including money market funds, reached $222 billion, compared with $215 billion at the end of the prior quarter.

Multi-asset portfolios stood at $690 billion, up from $625 billion at March 31. Alternative assets were $62 billion, compared with $60 billion at the end of the first quarter. The company’s stock has reflected this strong asset growth, trading at $118.55, near its 52-week high of $121.17, with an 18.9% year-to-date return.

According to InvestingPro analysis, TROW appears undervalued at current levels and maintains a "GREAT" financial health score. Target date retirement portfolios, which are included in the total assets under management, amounted to $622 billion at June 30, compared with $561 billion at March 31. The company plans to release second quarter 2026 earnings on Friday, July 31 at 7:00 AM ET, followed by an earnings call from 8:00 AM to 8:45 AM ET the same day.

Investor sentiment appears positive heading into the report, with InvestingPro noting that 7 analysts have revised their earnings upwards for the upcoming period—one of several exclusive ProTips available to subscribers. In other recent news, T. Rowe Price Group, Inc. reported an adjusted earnings per share (EPS) of $2.52 for the first quarter of 2026, exceeding the forecast of $2.36 and reflecting a 13% increase compared to the previous year. The company slightly missed its revenue forecast, reporting $1.86 billion against an expected $1.87 billion.

Additionally, T. Rowe Price announced assets under management totaling $1.89 trillion as of May 31, with net inflows of $3.3 billion for the month. In leadership developments, Eric Veiel has been named president while retaining his role as co-head of Global Investments and chief investment officer. Mike Barry will assume the role of head of Global Marketing starting July 1, overseeing marketing efforts across various markets.

The company also declared a quarterly dividend of $1.30 per share, payable on June 29, 2026, to stockholders of record as of June 15, 2026. These recent developments highlight T. Rowe Price’s continued strategic adjustments and financial performance.