T. Rowe Price Sees 3.8% Rise in AUM for May Despite Higher Outflows
On June 11, the company reported that its preliminary assets under management (AUM) totaled $1.62 trillion as of May 31.
The firm also saw net outflows of $4.4 billion during May, offering a snapshot of recent investor activity and the company's current market standing.
T. Rowe Price Group, Inc. (NASDAQ:TROW) is also known for its reliable dividend payments. It has been rewarding shareholders with growing dividends for the past 39 consecutive years. Currently, it pays a quarterly dividend of $1.27 per share and has a dividend yield of 5.34%, as of June 11.
Established in 1937, T. Rowe Price Group, Inc. (NASDAQ:TROW) supports individuals and institutions in reaching long-term financial goals. Recognized for its strong investment performance, retirement expertise, and in-house research, the company operates with a client-first approach rooted in a culture of integrity.
TROW has surged by over 1% in the past week.
While we acknowledge the potential of TROW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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