Press Releases

Press Releases
  Date Title and Summary View
Feb 27, 2017
BALTIMORE, Feb. 27, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today announced that it had entered into an agreement to acquire the Henderson High Yield Opportunities Fund (Class I ticker: HYOIX, "the Henderson fund") from Henderson Global Investors (North America) Inc. The transaction will be concluded through the reorganizat...
Feb 22, 2017
BALTIMORE, Feb. 22, 2017 /PRNewswire/ -- A new T. Rowe Price study revealed that nearly half (47%) of baby boomers and Gen Xers believe their ideal retirement is very attainable and another 45% believe it is somewhat attainable. The study included a national sample of 2,001 individuals age 36 or older who are either retired or who have taken initia...
Feb 16, 2017
BALTIMORE, Feb. 16, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) announced today that its Board of Directors has declared a quarterly dividend of $0.57 per share payable March 30, 2017 to stockholders of record as of the close of business on March 16, 2017. The quarterly dividend rate represents a 5.6% increase over the previous...
Jan 27, 2017
BALTIMORE, Jan. 27, 2017 /PRNewswire/ -- On January 26, 2017, T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) issued an earnings release in which it was reported that the Company's target-date retirement portfolios were the source of $1.9 billion of the Company's net cash outflows for the fourth quarter of 2016 and net cash inflows of $6.3 billion for ...
Jan 26, 2017
BALTIMORE, Jan. 26, 2017 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its fourth quarter of 2016 results, including net revenues of $1.1 billion, net income of $379.8 million, and diluted earnings per common share of $1.50. The firm recognized in its fourth quarter of 2016 operating expenses an insurance recovery of $1...
Jan 4, 2017
BALTIMORE, Jan. 4, 2017 /PRNewswire/ -- NEWS T. Rowe Price Group (NASDAQ-GS: TROW) today announced that Kenneth V. Moreland, CPA, its chief financial officer (CFO), will retire in 2017 after 13 years at the firm and nearly 40 years of accounting, finance, and broad management experience. The firm will begin the search for a new CFO im...
Nov 30, 2016
BALTIMORE, Nov. 30, 2016 /PRNewswire/ -- T. Rowe Price Group (NASDAQ-GS: TROW) has hired Andrew Astley as global head of product, effective January 23, 2017. In leading the global product group, Mr. Astley will collaborate with the firm's investment and distribution teams to develop product strategies for U.S. Equity, Global/International Equity, F...
Nov 29, 2016
BALTIMORE, Nov. 29, 2016 /PRNewswire/ -- NEWS T. Rowe Price (NASDAQ-GS: TROW) has launched the T. Rowe Price Total Return Fund, a fixed income fund which seeks to maximize total return by investing in a diversified portfolio of U.S. securitized bonds, bank loans, and other debt instruments. The fund is co-managed by Andy McCormick, he...
Nov 2, 2016
BALTIMORE, Nov. 2, 2016 /PRNewswire/ -- T. Rowe Price's Parents, Kids & Money Survey, which sampled more than 1,000 parents and their 8 to 14 year old kids in February 2016, revealed that many parents are willing to overextend their finances to fulfill their kids' holiday wish lists. And 25% of parents have either taken from their 401(k)s or their ...
Nov 1, 2016
BALTIMORE, Nov. 1, 2016 /PRNewswire/ -- The Board of Directors of T. Rowe Price Group (NASDAQ-GS: TROW) today announced that Brian C. Rogers, chairman and chief investment officer (CIO), will retire on March 31, 2017, after nearly 35 years at the firm. At that time, he will step down from his role as CIO, which he has held since 2004. After his ret...
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