The company said its assets under management at the end of Q3 2024 were $1.63 trillion, up $61.8 billion during the quarter. Net cash flows for the same quarter were net outflows of $12.2 billion.

1. 01

   The company said its assets under management at the end of Q3 2024 were $1.63 trillion, up $61.8 billion during the quarter. Net cash flows for the same quarter were net outflows of $12.2 billion.

2. 02

   T. Rowe Price said net revenues for Q3 2024 were $1,785.6 million, up 6.9% from a year earlier. Investment advisory fees were $1,632.9 million, up 11.5% from the prior-year period.

3. 03

   The company said diluted earnings per share for Q3 2024 were $2.64, and $2.57 on an adjusted (non-GAAP) basis. Net income attributable to the company was $603.0 million, and non-operating income was $212.5 million.

4. 04

   T. Rowe Price said it returned $354 million to stockholders in Q3 through its recurring quarterly dividend and stock repurchases. It also said it expects its effective tax rate for the full year 2024 to be in the range of 23.5% to 26.5% on a U.S. GAAP basis, and 23.5% to 25.5% on a non-GAAP basis.

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

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