PRICE T ROWE GROUP INC — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 42/100
What the filing says
T. Rowe Price reported Q3 2026 AUM of $1.862 trillion, down $30.7 billion from Q2 2026, driven by net client outflows of $28.3 billion across all asset classes (equity down $25.6B, multi-asset down $7.6B, alternatives up $2.7B, fixed income up $3.4B). Diluted EPS declined 2.8% YoY to $2.79 on GAAP basis but rose 1.8% on adjusted basis to $2.86. Net revenues increased 5.9% YoY to $2.0 billion; investment advisory fees rose 5.8% to $1.796 billion, though effective fee rates compressed 130 bps YoY to 37.8 bps due to mix shift toward lower-fee products.
Why this rating
Significant outflow trend ($28.3B/quarter ≈ 1.5% of AUM) threatens fee base; fee compression worsens. Yet revenues +5.9% YoY offset some damage. At $20.9B market cap, $30.7B AUM decline is material but not crisis. Business resilient but momentum weakening.
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