The company said its assets under management at the end of Q2 2024 were $1.57 trillion, up $26.9 billion during the quarter. Net client outflows for the same quarter were $3.7 billion.

1. 01

   The company said its assets under management at the end of Q2 2024 were $1.57 trillion, up $26.9 billion during the quarter. Net client outflows for the same quarter were $3.7 billion.

2. 02

   T. Rowe Price said net revenues for Q2 2024 were $1,733.3 million, up 7.6% from Q2 2023, while operating expenses rose 8.5% to $1,168.6 million.

3. 03

   The company said its net income attributable to T. Rowe Price for Q2 2024 was $483.4 million, diluted earnings per share were $2.11, and adjusted diluted earnings per share were $2.26.

4. 04

   The company said its annualized effective fee rate on investment advisory fees for Q2 2024 was 41.6 basis points, down from 42.3 basis points in Q2 2023. It also said it returned $396 million to stockholders through the recurring quarterly dividend and stock repurchases.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.