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T. Rowe Price (TROW) Records 2.3% Decline in February AUM

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T. Rowe Price GroupTROW announced preliminary assets under management (AUM) of $1.02 trillion for February 2018. Results reflect 2.3% fall from $1.05 trillion as of Jan 31, 2018.

Client transfers from mutual funds to other portfolios of $4.8 billion were recorded in February 2018.

Month-end total sponsored U.S. mutual funds came in at $616 billion, down nearly 3% from the prior month. Of the total sponsored U.S. mutual funds, around 79% were from stock and blended assets while the remaining 21% came from bond and money market.

Total other investment portfolios were $407 billion, reflecting a decrease of about 1% from the previous month. Overall, stock and blended assets accounted for $310 billion or 76.2% of other investment portfolios while bond, money market and stable value came in at $97 billion or 23.8%.

T. Rowe Price recorded $240 billion in target date retirement portfolios, which was down 2.4% from $246 billion in the prior month.

Our Viewpoint

T. Rowe Price's organic growth remains impressive as can be seen from a continuous rise in revenues. Also, its planned strategic initiatives, including investment in technology and advisory services, bode well for the long term.

Shares of T. Rowe Price have gained 64.52% in the past year, outperforming 25.2% rally of the industry it belongs to.

T. Rowe carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

Performance of Other Investment Managers

Franklin Resources BEN has announced preliminary AUM by its subsidiaries of $744.9 billion for February 2018. Results display 3.4% drop from $770.8 billion recorded as of Jan 31, 2018. Net market losses and outflows were primarily responsible for this decline.

Invesco Ltd. IVZ reported preliminary month-end AUM of $945.4 billion for February 2018. The figure reflects decline of 2.8% from the prior month.

Legg Mason's LM preliminary AUM of $766.7 billion for February 2018 increased 1.7% sequentially.

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T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report

Invesco Ltd. (IVZ): Free Stock Analysis Report

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Franklin Resources, Inc. (BEN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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