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Dec 31, 2020
T. Rowe Price Q4 2020 Earnings Report
Reported strong results driven by market recovery and positive net flows.
Key Takeaways
T. Rowe Price Group reported Q4 2020 results with net revenues of $1.7 billion and diluted earnings per common share of $3.33. Assets under management ended the quarter at $1.47 trillion, supported by net client inflows of $2.2 billion.
Assets under management ended the quarter at $1.47 trillion.
Net client inflows were $2.2 billion for Q4 2020.
Net revenues reached $1.7 billion for Q4 2020.
Diluted earnings per common share were $3.33 for Q4 2020.
T. Rowe Price
T. Rowe Price
Forward Guidance
The firm has increased its 2021 non-GAAP operating expense growth range to 8%-12%, from the 6%-9% provided in October as sharp market returns in Q4 2020 and current AUM levels have increased the firm's expectations for AUM-related expenses.