T. Rowe Price Reports 1% Sequential Increase in July AUM

T. Rowe Price Group, Inc. TROW has announced preliminary assets under management (AUM) of $1.14 trillion for July 2019. Results reflect nearly 1% rise from the $1.13 trillion recorded on Jun 30, 2019.

Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were negligible in July.

Month-end total sponsored U.S. mutual funds were $655 billion, up 1.1% from June 2019. Of the total sponsored U.S. mutual funds, around 80% was from stock and blended assets while the remaining came in from fixed income and money market.

Total other investment portfolios were $481 billion, reflecting an increase of nearly 1% from the previous month. Overall, stock and blended assets accounted for $372 billion or 77% of other investment portfolios, while money market and fixed income totaled $109 billion or 23%.

T. Rowe Price recorded $271 billion in target date retirement portfolios, up nearly 1% from the previous month’s $269 billion.

Our Viewpoint

Although regulatory restrictions and sluggish economic recovery are likely to impair the company’s growth and escalate costs, T. Rowe Price’s diverse and efficient business model is anticipated help it improve its AUM. Also, its organic growth remains impressive, as indicated by the continued growth in revenues.

So, we believe, driven by these, the stock has gained 11.2% in the past six months against 4.1% decline recorded by the industry.

T. Rowe currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Competitive Landscape

Among other investment managers, Cohen & Steers CNS reported preliminary AUM of $63.1 billion as of Jul 31, 2019, up nearly 1.2% from the prior-month level of $62.4 billion. Market appreciation of $794 million and net inflows of $255 million were partly offset by a conversion of $119 million from certain institutional accounts to model-based portfolios (excluded from AUM) and distributions of $181 million.

Invesco IVZ has announced its AUM for July 2019. The company's preliminary month-end AUM of $1,198.7 billion increased slightly from the prior month. The rise was mainly driven by non-management fee earning AUM inflows, favorable market returns, increase in money market AUM and reinvested distributions.

Legg Mason Inc. LM reported marginal growth in AUM as of Jul 31, 2019, from the previous month. Preliminary month-end AUM came in at $780.5 billion, up from the June 2019 figure of $780.2 billion. The company’s July AUM displayed $0.1 billion fixed income inflows and alternative inflows of $1.6 billion, partly offset by liquidity and equity net outflows of $2.8 billion and $1.6 billion, respectively.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Click to get this free report

Cohen & Steers Inc (CNS): Free Stock Analysis Report

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

Invesco Ltd. (IVZ): Free Stock Analysis Report

Legg Mason, Inc. (LM): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

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

Other Topics


Latest Markets Videos


Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

Learn More