T. Rowe Price Group Inc

T. Rowe Price is positioned to beat consensus estimates again in its next quarterly report, according to Zacks Investment Research. The financial services firm has topped earnings estimates in each of its last two reports, with an average surprise of 4.16%. In the most recent quarter, T. Rowe reported earnings of $2.57 per share versus the Zacks Consensus Estimate of $2.52 per share, a surprise of 1.98%, after beating the prior quarter's $2.37 per share estimate with earnings of $2.52 per share, a surprise of 6.33%. T. Rowe currently carries an Earnings ESP of +2.93% and a Zacks Rank #3 (Hold), a combination that Zacks research shows produces a positive surprise nearly 70% of the time.

T. Rowe Price announced the launch of the T. Rowe Price Dynamic Emerging Markets Bond ETF, ticker TDEM, which began trading on the NASDAQ today. The new actively managed fixed income fund seeks income and capital appreciation by combining bonds across emerging market sovereign, corporate, and local currency markets, and carries an expense ratio of 0.45%. TDEM is managed by Leonard Kwan, Samy Muaddi, and Richard Hall, who bring 29, 20, and 19 years of investment experience respectively. With this launch, the firm has brought nine active ETFs to market in 2026, and its roster of actively managed ETFs now totals 39, spanning fixed income, equity, multi-asset, digital assets, and thematic strategies. T. Rowe Price manages $1.90 trillion in client assets as of August 31, 2026, about two-thirds of which are retirement-related.

UOB Asset Management (Thailand) has launched the United Pre Strategic Glide-Path Fund (UPRE) and the United Post Strategic Glide-Path Fund (UPOST), two funds built on a One-Stop Retirement Fund concept that automatically adjusts the portfolio according to age, covering both the pre-retirement and post-retirement investment periods. Since their initial offering in August, the two funds have together accumulated 400 million baht in assets under management as of September 28, 2026. The UPRE fund suits investors in the 10 to 15 years before retirement, investing in the T. Rowe Price Funds SICAV – Retirement Allocation Fund – 2 (Class A10 (USD)), with equities accounting for roughly 65% of NAV. The UPOST fund suits investors in the 10 to 15 years after retirement, investing in the T. Rowe Price Funds SICAV – Retirement Allocation Fund – 1 (Class A10 (USD)), with equities accounting for roughly 51% of NAV. Both funds carry a risk level of 5 and use a Lifecycle Glide Path strategy that automatically adjusts the portfolio while managing risk holistically and diversifying investments globally. The master funds were established on July 15, 2025. The master fund of UPRE has returned 17.10% since inception, and the master fund of UPOST has returned 14.23%, as of May 2026.

T. Rowe Price has expanded its exchange traded lineup with three fully transparent, actively managed equity ETFs on NASDAQ: a biotech ETF trading as TDNA with an expense ratio of 0.55%, a small-cap ETF trading as TSEE at 0.59%, and a mid-cap equity research ETF trading as TMID at 0.47%. The push into biotech, small-cap, and mid-cap active funds is part of T. Rowe Price's effort to broaden its product set and reach new types of investors. The launch follows the June debut of the T. Rowe Price Active Crypto ETF, TKNZ, and together the products extend the firm's reach into newer vehicles and asset types. The company's investment narrative projects $8.4 billion in revenue and $2.6 billion in earnings by 2029, requiring 4.4% yearly revenue growth and roughly a $0.6 billion earnings increase from $2.0 billion today, with a fair value estimate of $110.00, about 4% upside to its current price. The lowest analyst estimate assumes roughly flat US$7.5 billion revenue and requires higher margins.

T. Rowe Price announced the launch of three new actively managed equity exchange traded funds, T. Rowe Price Biotech ETF, T. Rowe Price Small-Cap ETF and T. Rowe Price Mid-Cap Equity Research ETF, all of which began trading on the NASDAQ today. The three funds bring the firm's total ETF lineup to 38 funds, after eight new active exchange traded offerings were added this year. The Biotech ETF, ticker TDNA, is managed by John Hall and is expected to hold approximately 60-120 companies with an expense ratio of 0.55%. The Small-Cap ETF, ticker TSEE, is managed by Alex Roik, typically holds 200 or more stocks and carries an expense ratio of 0.59%. The Mid-Cap Equity Research ETF, ticker TMID, expands the firm's Structured Research Strategies lineup, is managed by Paige Davis Jr., Amanda Ludwitzke and Thomas Watson, typically holds more than 300 stocks and has an expense ratio of 0.47%. Tim Coyne, Global Head of ETFs, said the funds broaden investors' access to distinct areas of the market while combining the firm's research capabilities with the fully transparent ETF structure.

UOB Asset Management (Thailand) Company Limited, or UOBAM, has launched two funds under its One-Stop Retirement Fund concept to support retirement financial planning for both the pre-retirement and post-retirement periods, using a strategy that automatically adjusts the investment portfolio according to age and risk tolerance. The pre-retirement fund is the United Pre Strategic Glide-Path Fund (UPRE), with a risk level of 5, suitable for investors roughly 10 to 15 years from retirement. It focuses on investing in units of the T. Rowe Price Funds SICAV – Retirement Allocation Fund - 2 - Class A10 (USD) alone, averaging no less than 80% of net asset value over an accounting year, with equities accounting for approximately 65% of net asset value. The post-retirement fund is the United Post Strategic Glide-Path Fund (UPOST), with a risk level of 5, suitable for investors roughly 10 to 15 years into retirement. It focuses on investing in units of the T. Rowe Price Funds SICAV – Retirement Allocation Fund - 1 - Class A10 (USD), with equities accounting for approximately 51% of net asset value. Both funds have a currency hedging policy at the discretion of the fund manager, and interested investors can invest through the Premier Online service or the UOBAM Invest Thailand application.

T. Rowe Price and Anthropic announced the expansion of Claude across the investment management firm's investment organization, putting the AI assistant in the hands of portfolio managers and analysts and bringing Claude Code to its developers. Under the arrangement, Claude Cowork will help investment professionals synthesize complex information and support knowledge-intensive, multistep workflows, while Claude Code will back developers building tools that enhance productivity across investment and operating workflows. The work runs under the AI leadership model T. Rowe Price announced in August, which places AI leaders inside Investments and Global Distribution and charges T. Rowe Price Labs, the firm's enterprise AI innovation hub, with evaluating and scaling AI across the firm. Eric Veiel, president, co-head of Global Investments, and chief investment officer, said Claude lets the firm's investment professionals cover more ground and go deeper on what matters, calling it a direct extension of the research process that has served clients for nearly 90 years. Ramon Richards, global head of Technology, Data, and Operations and chief technology officer, said the effort is about building new ways of working with the security and controls a firm of its responsibility requires, and Peter Nolan, head of Asset and Wealth Management at Anthropic, said T. Rowe Price is bringing Claude into the part of the firm where the bar for accuracy and judgment is highest. T. Rowe Price, which manages $1.87 trillion in client assets as of July 31, 2026, noted that its portfolios invest in Anthropic.

PensionBee announced that its Automatic Rollover IRA solution will be available to eligible T. Rowe Price retirement plan clients, allowing them to designate the offering as a force-out provider for small balances below the $7,000 threshold. This move addresses the growing issue of forgotten retirement accounts, with nearly $2 trillion in left-behind 401(k) wealth and over $43 billion projected to sit in Safe Harbor IRAs by 2030. Employers currently force out roughly $5 billion in sub-$7,000 balances annually, often into low-growth, high-fee accounts. T. Rowe Price's Core Market clients can review force-out providers through the portal at no additional cost, and PensionBee's offering will become available to large institutional clients in 2027.

T. Rowe Price Group has agreed to acquire F/m Investments, a fixed-income asset manager with about $19 billion in assets, in a deal that would add 20 ETFs covering Treasuries, TIPS, corporate bonds and municipal securities. The acquisition would increase T. Rowe Price's fixed-income assets by nearly 9% and more than double its fixed-income ETF assets from around $6.5 billion. The transaction is expected to close in early 2027, though the purchase price has not been disclosed. T. Rowe Price, traditionally known for active investing, gains an established ETF platform and a team experienced in developing fixed-income products.

Actively managed exchange-traded funds now account for 42% of every dollar flowing into ETFs, up from 26% in 2024. In the first quarter, investors poured $245.2 billion into US-listed active ETFs, and last month they added nearly $63.6 billion, bringing the year-to-date total to $466.8 billion, well ahead of the $263 billion pace in the comparable 2025 period. BlackRock controlled $3.6 trillion in active assets under management as of the end of June, and actively managed ETF assets are expected to swell to $4.2 trillion globally by 2030. T. Rowe Price is leveraging its active mutual fund experience by introducing ETF versions of popular funds, while Franklin Templeton's pivot to ETFs has helped its stock rise 42.2% year to date.

Vanguard has brought T. Rowe Price Associates on board to manage portions of Vanguard Explorer, Vanguard Growth and Income, and the Vanguard Variable Insurance Fund Small Company Growth Portfolio. It is the first time T. Rowe Price has advised Vanguard, and the three funds together hold more than $42 billion in combined net assets. Vanguard removed ArrowMark Colorado Holdings from Explorer and VVIF Small Company Growth, while Los Angeles Capital Management exited Growth and Income. T. Rowe Price received individual sleeves of each portfolio, not control of the entire fund. Vanguard also adjusted Explorer's adviser allocations to increase exposure toward the growth investment style.

T. Rowe Price has defended including Dogecoin in its newly launched actively managed cryptocurrency ETF, the T. Rowe Price Active Crypto ETF (TKNZ), which allocates 1.26% of its portfolio to the meme coin. Blue Macellari, head of digital assets and lead portfolio manager for TKNZ, said the firm wanted to be truly active managers and that excluding meme coins on principle would prevent investors from participating in potential upside. The fund, which launched in July as the first actively managed, multi-token spot crypto ETF in the U.S., holds roughly 60% of its assets in Bitcoin and Ethereum, with Binance Coin also among its holdings. Macellari noted that Dogecoin was selected for its longevity and high market capitalization, and that meme coin trading provides valuable data on blockchain network performance under congestion. TKNZ carries a 0.75% net management fee, supported by a fee waiver through May 2027, and uses fundamental research and market momentum to actively select between 5 and 15 digital assets.

T. Rowe Price Group announced that its Board of Directors has declared a quarterly dividend of $1.30 per share. The dividend is payable on September 29, 2026, to stockholders of record as of the close of business on September 15, 2026.

T. Rowe Price Group reported second-quarter 2026 adjusted diluted earnings per share of $2.57, up from $2.24 a year earlier, as higher average assets under management boosted investment advisory revenue. Adjusted net revenue rose 8.5% year over year to $1.9 billion, while the firm ended the quarter with $1.9 trillion in AUM and $6.5 billion in net outflows, though it recorded positive flows in May and June. Management expects active-equity pressure and more difficult net flows in the second half of 2026. The company continues to invest in growth areas, with its ETF platform reaching $30 billion in AUM, including $4.4 billion of second-quarter inflows, and it repurchased $157 million of stock during the quarter.

UOB Asset Management Thailand is launching two new retirement mutual funds: the United Pre Strategic Glide-Path Fund, or UPRE, and the United Post Strategic Glide-Path Fund, or UPOST, with an initial public offering from 3 to 11 August 2026. The UPRE fund focuses on wealth accumulation before retirement for investors who are 10 to 15 years away from retiring, with an equity allocation of approximately 65 percent of net asset value and a risk level of 5. The UPOST fund aims to generate steady cash flow and income for the 10 to 15 years after retirement, with an equity allocation of approximately 51 percent of net asset value and also a risk level of 5. Both funds invest in units of the T. Rowe Price Funds SICAV, which employs an automatic portfolio adjustment strategy based on life stages and holistic risk management. T. Rowe Price is the world's number one active target-date fund manager, with assets under management of approximately 1.7 trillion US dollars.

T. Rowe Price has launched two new products that expand its reach into alternative assets and digital tokens. The T. Rowe Price Goldman Sachs Private Markets Fund is an interval fund designed to broaden access to private markets, while the T. Rowe Price Active Crypto ETF, trading under the ticker TKNZ, is the firm's first actively managed multi-token spot crypto exchange-traded product. These offerings push the asset manager further beyond its traditional mutual funds and core ETFs, though they do not yet materially alter the core risk-reward balance tied to stabilizing flows and advisory fees. The firm's narrative projects revenue of $8.4 billion and earnings of $2.6 billion by 2029, requiring 4.4% annual revenue growth and a roughly $0.6 billion increase in earnings from the current $2.0 billion.

Goldman Sachs Group and T. Rowe Price have partnered to launch a private markets interval fund aimed at retail investors, providing individuals access to private market exposure typically reserved for institutions. Goldman Sachs CEO David Solomon has publicly backed the revised Crypto Clarity Act, a rare stance among large bank leaders. The new fund and the CEO's crypto policy support highlight areas Goldman Sachs is prioritizing, from widening access to alternative assets to taking a clearer position on digital assets regulation. Goldman Sachs stock trades at $1,033.34, up 13.0% year to date and 44.0% over the past year.

Simply Wall St has raised its fair value estimate for T. Rowe Price Group to US$110.00 from US$97.42, reflecting updated model assumptions. The revision places the estimate within the range of recent Wall Street price targets, which cluster from just above US$100 to about US$121. Key changes in the model include an increase in assumed long-term dollar revenue growth from 1.86% to 4.35%, a projected net profit margin rising from 24.70% to 31.00%, and a target future P/E multiple adjusted from 12.50x to 10.45x, while the discount rate moved slightly from 7.81% to 7.78%. Among analysts, Evercore ISI raised its target to US$121, Keefe Bruyette to US$120, and Barclays to US$108 while maintaining an Underweight rating, while TD Cowen trimmed its target to US$107 with a Hold stance.

Goldman Sachs Group Inc. and T. Rowe Price Group Inc. are launching their first interval fund for the masses, the T. Rowe Price Goldman Sachs Private Markets Fund, which will be open to all investors with no accreditation needed and a minimum investment of $2,500. The fund will invest across four alternative asset classes, with Goldman Sachs Asset Management providing allocations in private equity, private infrastructure, and real estate, while T. Rowe contributes the liquid portion and late-stage venture capital, and T. Rowe's Oak Hill Advisors adds private credit allocations. The launch comes as Wall Street firms partner to bring private investments to Main Street, following Blackstone Inc.'s recent debut of two mass-market products with Vanguard Group and Wellington Management. Goldman had previously committed up to $1 billion to T. Rowe and the two firms have already rolled out model portfolios for the wealth market, with plans to introduce target-date funds for retirement accounts later this year. The interval fund will offer periodic liquidity opportunities typically up to 5% of outstanding shares, but the companies caution it should be viewed as illiquid, as it may repurchase up to 25% of outstanding shares.

JPMorgan Chase CEO Jamie Dimon said he would not buy long-term U.S. Treasury bonds, citing concerns that high government debt will eventually push interest rates higher. Dimon made the comments in a CNBC interview, arguing that rising rates erode bond prices and that a 5% yield does not justify the risk. The Vanguard Long-Term Treasury ETF has returned negative 5.63% annually over five years and negative 1.37% over ten years. For investors seeking bond exposure, the article highlights two short-term alternatives: the Vanguard Ultra-Short Bond ETF, which holds 1,286 bonds with maturities of five years or less and returned 3.49% annualized over five years, and the T. Rowe Price Ultra Short-Term Bond ETF, which has returned 4.11% annualized since inception and holds 95.7% of its bonds in maturities under three years.

T. Rowe Price has launched the T. Rowe Price Active Crypto ETF, the first actively managed exchange-traded fund providing spot exposure to multiple cryptocurrencies under one umbrella. The fund holds positions in eight digital assets, with Bitcoin, Ethereum, and Binance Coin accounting for about 70.6% of the portfolio, while seven of the eight holdings rank among the top 10 cryptocurrencies by market capitalization. Managed by Blue Macellari, who has more than two decades of experience in alternative assets, the ETF charges an annual fee of 0.75% after a 0.15% fee waiver expiring on May 31, 2027. The launch comes as the U.S. market already counts nearly 5,300 exchange-traded products, with 730 new ETFs introduced in the first half of 2026 alone.

T. Rowe Price has increased its dividend for 40 consecutive years and now offers a forward yield of 4.4%, but its stock has made no net gains since mid-2022, raising the question of whether the payout is a bargain or a value trap. The company's fee-bearing assets under management have grown from just over $1.3 trillion in mid-2022 to $1.7 trillion in the first quarter of this year, aligning with the S&P 500's growth when excluding the Magnificent Seven stocks. Investors have been distracted by the artificial intelligence boom, but once that mania cools, traditional mutual funds and reliable dividend payers like debt-free T. Rowe Price could regain favor. The stock trades at a forward price-to-earnings ratio of less than 12, and the yield is seen as a potential long-term bargain rather than a trap.

T. Rowe Price Group has launched the T. Rowe Price Active Crypto ETF, ticker TKNZ, its first actively managed multi-token spot crypto ETF. The fund offers diversified exposure to major cryptocurrencies and expands the firm's ETF platform into digital assets using its own digital asset infrastructure. TKNZ adds a differentiated, actively managed crypto offering to T. Rowe Price's 34 active exchange-traded products, positioning it alongside competitors like BlackRock and Fidelity that already have crypto vehicles. The product carries a temporary 0.75% management fee waiver and relies on the firm's research-driven, risk-aware process and experienced digital assets team.

T. Rowe Price, a Wall Street firm with $7 trillion in assets under management, has entered the cryptocurrency ETF market by launching its first actively managed multi-token fund. The fund includes Bitcoin, Ethereum, and XRP among its holdings. This marks the asset manager's debut in the crypto ETF space, offering investors exposure to a basket of digital assets through an actively managed vehicle.

Prudential Financial, T. Rowe Price, Franklin Resources, NatWest Group, and British American Tobacco are highlighted as solid dividend stocks for July, with yields ranging from 3.9% to 5.4%. Prudential Financial raised its quarterly dividend to $1.40 for 2026, marking its 18th consecutive year of increases, and trades at a trailing PE of 12. T. Rowe Price lifted its quarterly payout to $1.30 for 2026, with Q1 2026 adjusted EPS of $2.52 beating consensus. Franklin Resources posted fiscal Q2 EPS of $0.71, well above the $0.55 consensus, and swung to long-term net inflows of $16.9 billion. NatWest Group offers a trailing yield of 4.9% and raised 2026 income guidance to the top end of £17.2 to £17.6 billion. British American Tobacco increased its 2026 quarterly rate to $0.834851 and guides to 5% to 8% adjusted diluted EPS growth in 2026.

Vanguard has appointed T. Rowe Price as an advisor to three of its active equity funds, expanding the firm's institutional footprint. The mandate shifts sub-advisory roles away from ArrowMark Colorado and Los Angeles Capital, bringing in two T. Rowe Price investment teams focused on small and mid cap growth and selection-driven returns within a risk-aware framework. The move strengthens collaboration between the two large fund providers in active equity management, though it does not directly address structural headwinds from fee compression and competition from passive products. Slight fee increases on two of the funds remain within a tight range, suggesting Vanguard and its boards still prioritize overall cost.

Vanguard has added T. Rowe Price Associates as an advisor to three active equity funds: Vanguard Explorer Fund, Vanguard Variable Insurance Fund - Small Company Growth Portfolio, and Vanguard Growth and Income Fund. T. Rowe Price will manage portions of these funds using distinct strategies, with a small- and mid-cap growth approach for the first two and a fundamental stock selection strategy for the Growth and Income Fund. As part of the changes, ArrowMark Colorado Holdings and Los Angeles Capital Management will no longer advise certain funds, and expense ratios are expected to rise slightly for two of the funds, with no change for Explorer Fund. The funds' investment objectives and principal strategies remain unchanged.

T. Rowe Price Group announced executive changes including the appointment of Mike Barry as head of Global Marketing and the naming of new co-heads for U.S. Institutional relationship management. The leadership reshuffle is intended to support growth initiatives such as digital and AI-powered marketing and a regionally focused institutional approach. Mike Barry, a long-tenured executive with experience in AI-powered tools, will oversee marketing across retail, wealth, retirement, and institutional channels. The new co-head structure for U.S. Institutional relationship management may influence how the firm pursues large client mandates and service models. These moves highlight management's focus on client experience and differentiation amid competitive pressures from firms like BlackRock, Vanguard, and Fidelity.

Morgan Stanley raised its price target on T. Rowe Price Group to $109 from $105 while reiterating an Equal Weight rating. The firm increased its second-quarter earnings per share estimates by an average of 7.5% and said it would be a buyer of traditional asset managers ahead of Q2 results, expecting broad-based earnings beats supported by a favorable market backdrop and improving fund flows. Earlier, on June 10, T. Rowe Price reported May assets under management rose to $1.89 trillion from $1.83 trillion in April, with net inflows of $3.3 billion, helped by a large contribution to its target date retirement funds. Equity assets grew to $919 billion and multi-asset assets to $691 billion, while target date retirement funds reached $623 billion.

T. Rowe Price attracted $1,107.47 million in net ETF flows on June 25, 2026, the largest single-day inflow among all U.S. ETF brands, representing 3.80% of its total assets under management of $29,150.85 million. iShares led in absolute terms with $14,430.35 million in inflows, while Vanguard experienced the largest outflow at -$16,856.56 million. Other notable movers included Tradr with $1,053.82 million and Roundhill with $972.08 million in inflows.