Breaking News
May 5, 2025
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T. Rowe Price Group Inc. inched down 0.05% to $91.60 after the investment management company reported first-quarter 2025 results.
Revenue edged up to $1.76 billion from $1.75 billion, net income declined to $490.5 million from $573.8 million, and diluted earnings per share fell to $2.15 from $2.49 a year ago.
Quarter-end assets under management increased 1.6% to $1.57 trillion from $1.54 trillion a year earlier.
The company returned $506 million to shareholders in the quarter from the recurring quarterly dividend and stock repurchases.
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