Forward-Looking Statement This presentation, and other statements that T. Rowe Price may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to T. Rowe Price's future financial or business performance, strategies, or expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "est ...

T. ROWE PRICE GROUP REPORTS THIRD QUARTER 2025 RESULTS BALTIMORE (October 31, 2025) - T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its results for the third quarter of 2025. Rob Sharps, chair, CEO, and president, commented, "We reached an end of period high with $1.77 trillion in AUM as of September 30 and created an opportunity to bring innovative new solutions to market for our clients with our recently announced strategic collaboration with Goldman Sachs." Financial Highlights | | | | | | T ...

Company Overview - Bending Spoons, founded by Luca Ferrari and his cofounders in 2014, has grown to be valued at over $11 billion following a recent funding round [1][3] - The company has become one of Italy's most valuable private companies and is recognized as a significant player in the tech industry [4][9] Financial Highlights - The latest funding round raised $270 million from investors including T. Rowe Price and existing investors such as Baillie Gifford and Fidelity [3] - A secondary share sale by existing shareholders amounted to $440 million [3] - Bending Spoons is projected to generate $1.2 billion in revenue this year [5] Strategic Acquisitions - The company has made several strategic acquisitions, including AOL, Brightcove, Komoot, and Vimeo, with the latter being a $1.38 billion deal [4][5] - Bending Spoons employs a strategy of acquiring apps and products with healthy revenue but stalled growth, often utilizing debt to finance these acquisitions [7][8] Ownership and Stake Valuation - Luca Ferrari's stake in Bending Spoons is estimated to be worth $1.4 billion, while his cofounders each hold stakes valued at $1.3 billion [2] - The company has drawn comparisons to buyout funds and software consolidators, but it operates its digital applications with a focus on profitable growth [8] Market Position - If Bending Spoons were to be listed on the Milan Stock Exchange, its valuation would place it among the top companies in the FTSE MIB index [9] - The startup is noted for being the largest to emerge from Italy's small startup ecosystem, with only a few others achieving unicorn status [10]

Core Viewpoint - T. Rowe Price Group, Inc. (TROW) is expected to report a decline in earnings for Q3 2025, while revenues are projected to increase compared to the same quarter last year [1][10]. Group 1: Earnings and Revenue Expectations - The Zacks Consensus Estimate for TROW's third-quarter earnings is $2.49 per share, indicating a year-over-year decline of 3.1% [11]. - Revenue estimates stand at $1.86 billion, reflecting a 3.9% increase from the prior-year quarter [11]. - The company is anticipated to benefit from higher assets under management (AUM) and investment advisory fees, which are expected to lift quarterly revenues [10]. Group 2: Assets Under Management and Market Performance - TROW's preliminary AUM as of September 30, 2025, is $1.77 trillion, a 5.4% increase from June 30, 2025, driven by improved equity market performance [4]. - The Zacks Consensus Estimate for total AUM is $1.74 trillion, indicating a 3.6% sequential increase [5]. Group 3: Expenses and Financial Challenges - T. Rowe Price is likely to face increased expenses due to investments in technology and client acquisition, which may pressure profit margins [10]. - The estimate for operating expenses (GAAP basis) is pegged at $1.2 billion, indicating a 3.5% decrease on a sequential basis [8]. - Despite the rise in expenses, cost management efforts are expected to mitigate some of the financial pressures [7]. Group 4: Market Context and Competitor Performance - The S&P 500 Index rose nearly 8% during the July-September quarter, indicating strong market performance that may have positively impacted TROW's results [3]. - Competitors like Invesco and SEI Investments Co. reported strong earnings, with Invesco's adjusted earnings increasing by 38.6% and SEI's by 9.2% from the prior-year quarter, highlighting a competitive landscape [12][13].

The grass is always greener on the other side of the fence, and now T. Rowe Price’s bighorn sheep is exploring it. The $1.7 trillion asset manager wants to bring an actively managed crypto index ETF to market, according to a Securities and Exchange Commission filing. The behemoth firm’s willingness to enter the nascent crypto market, expanding beyond its traditional, mutual fund roots after almost two years of spot crypto approvals, marks a big step in the acceptance of decentralized finance by legacy mut ...

Accessibility StatementSkip Navigation BALTIMORE, Oct. 28, 2025 /PRNewswire/ -- T. Rowe Price Group (NASDAQ-GS: TROW), a global asset management firm and a leader in retirement, announced today that its Board of Directors has declared a quarterly dividend of $1.27 per share payable on December 30, 2025, to stockholders of record as of the close of business on December 15, 2025. ABOUT T. ROWE PRICE T. Rowe Price (NASDAQ-GS: TROW) is a leading global asset management firm entrusted with managing $1.77 trilli ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Capital Southwest (CSWC) despite higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - CSWC is expected to report quarterly earnings of $0.58 per share, reflecting a year-over-year decrease of 12.1%, while revenues are projected to be $55.74 million, an increase of 14.4% from the previous year [3]. - The consensus EPS estimate has been revised down by 0.84% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that CSWC has a negative Earnings ESP of -5.71%, suggesting a bearish outlook from analysts [12]. - The stock currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, CSWC met the expected earnings of $0.59 per share, resulting in no surprise [13]. - Over the past four quarters, CSWC has only surpassed consensus EPS estimates once [14]. Industry Comparison - In the Zacks Financial - Investment Management industry, T. Rowe Price (TROW) is expected to report earnings of $2.49 per share, a year-over-year decline of 3.1%, with revenues anticipated at $1.86 billion, up 3.9% [18]. - T. Rowe's consensus EPS estimate has been revised up by 3.4% in the last 30 days, but it currently has an Earnings ESP of 0% [19].

Core Viewpoint - T. Rowe Price Group, Inc. is preparing to announce its third-quarter results, with analysts projecting a slight decline in non-GAAP earnings per share compared to the previous year, while the stock has underperformed relative to broader market indices over the past year [2][4]. Financial Performance - The company is expected to report a non-GAAP profit of $2.49 per share for Q3, down 3.1% from $2.57 in the same quarter last year [2]. - For the full fiscal year 2025, analysts project a non-GAAP EPS of $9.38, a marginal increase from $9.33 in fiscal 2024, with further growth expected in fiscal 2026 to $10.03 per share, representing a 6.9% year-over-year increase [3]. - In Q2, T. Rowe's assets under management (AUM) increased by $110.5 billion to $1.68 trillion, although overall revenue dropped by 58 basis points year-over-year to $1.7 billion, missing consensus estimates [5]. Market Performance - T. Rowe Price's stock has decreased by 6.4% over the past 52 weeks, underperforming the Financial Select Sector SPDR Fund's 11.5% gains and the S&P 500 Index's 16.2% returns during the same period [4]. - Following the release of mixed Q2 results, the stock price increased by 1.6% [5]. Analyst Sentiment - Analysts maintain a cautious outlook on T. Rowe Price, with a consensus "Hold" rating. Among 14 analysts, there is one "Strong Buy," eight "Holds," one "Moderate Sell," and four "Strong Sells" [7]. - The stock is currently trading slightly below its mean price target of $106.92 [7].

Core Viewpoint - T. Rowe Price has applied for a mixed digital asset exchange-traded fund (ETF), marking its entry into the cryptocurrency space as part of a trend among traditional finance firms to offer token-focused products [1][4]. Company Summary - T. Rowe Price, based in Baltimore, manages $1.77 trillion in assets and plans to launch the T. Rowe Price Active Crypto ETF, which will hold between five to fifteen digital assets, potentially including Bitcoin, Ethereum, and various altcoins [2][3]. - The ETF is expected to have the largest weighting in Bitcoin and Ethereum, with the possibility of holding more or fewer assets than initially planned [3]. Industry Summary - The application reflects a broader movement among traditional finance firms to expand digital asset fund offerings in response to increasing investor demand, driven by the success of recently launched spot Bitcoin and Ethereum funds [4]. - The SEC is currently reviewing over 90 applications for crypto-focused ETFs, indicating a growing interest in this market segment [5]. - Recent approvals of Bitcoin ETFs by the SEC have led to significant asset growth, with these funds managing over $150.3 billion, while Ethereum funds control about $23 billion [6].

Core Viewpoint - T. Rowe Price Group Inc. is set to launch its first cryptocurrency fund, marking a significant shift for the firm, which primarily focuses on traditional stocks and bonds [1] Company Developments - The new actively managed exchange-traded fund (ETF) will invest in a diversified basket of commodity crypto assets, aiming to outperform the FTSE Crypto US Listed Index, which includes the top ten crypto assets by market capitalization [1] - T. Rowe Price has developed end-to-end capabilities to trade digital assets and is currently awaiting regulatory approval for the new fund [3] - The firm oversees $1.8 trillion in assets and is seeking to attract more investments following challenges with client redemptions from its actively managed stock and bond funds [3] Industry Context - Digital assets have generated significant revenue for major fund managers, with BlackRock's spot-Bitcoin ETF amassing approximately $90 billion in client assets and Fidelity's Bitcoin ETF holding about $23 billion [2] - The support for cryptocurrencies from influential figures, such as former President Donald Trump, has encouraged more financial firms to enter the cryptocurrency market [2] - CME Group Inc. announced plans to enable round-the-clock trading of cryptocurrency futures and options starting early next year, indicating a growing acceptance of digital assets in traditional finance [2] Strategic Moves - T. Rowe Price has been expanding into other asset classes, including the acquisition of private credit firm Oak Hill Advisors in 2021 and a partnership with Goldman Sachs Group Inc. to offer private-market products to retail investors [4]