T. Rowe Price Group (TROW - Free Report) announced preliminary assets under management (AUM) of $1.02 trillion for February 2018. Results reflect 2.3% fall from $1.05 trillion as of Jan 31, 2018.
Client transfers from mutual funds to other portfolios of $4.8 billion were recorded in February 2018.
Month-end total sponsored U.S. mutual funds came in at $616 billion, down nearly 3% from the prior month. Of the total sponsored U.S. mutual funds, around 79% were from stock and blended assets while the remaining 21% came from bond and money market.
Total other investment portfolios were $407 billion, reflecting a decrease of about 1% from the previous month. Overall, stock and blended assets accounted for $310 billion or 76.2% of other investment portfolios while bond, money market and stable value came in at $97 billion or 23.8%.
T. Rowe Price recorded $240 billion in target date retirement portfolios, which was down 2.4% from $246 billion in the prior month.
Our Viewpoint
T. Rowe Price’s organic growth remains impressive as can be seen from a continuous rise in revenues. Also, its planned strategic initiatives, including investment in technology and advisory services, bode well for the long term.
Shares of T. Rowe Price have gained 64.52% in the past year, outperforming 25.2% rally of the industry it belongs to.
T. Rowe carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Investment Managers
Franklin Resources (BEN - Free Report) has announced preliminary AUM by its subsidiaries of $744.9 billion for February 2018. Results display 3.4% drop from $770.8 billion recorded as of Jan 31, 2018. Net market losses and outflows were primarily responsible for this decline.
Invesco Ltd. (IVZ - Free Report) reported preliminary month-end AUM of $945.4 billion for February 2018. The figure reflects decline of 2.8% from the prior month.
Legg Mason's preliminary AUM of $766.7 billion for February 2018 increased 1.7% sequentially.
Zacks Top 10 Stocks for 2018
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
T. Rowe Price Group (TROW - Free Report) announced preliminary assets under management (AUM) of $1.02 trillion for February 2018. Results reflect 2.3% fall from $1.05 trillion as of Jan 31, 2018.
Client transfers from mutual funds to other portfolios of $4.8 billion were recorded in February 2018.
Month-end total sponsored U.S. mutual funds came in at $616 billion, down nearly 3% from the prior month. Of the total sponsored U.S. mutual funds, around 79% were from stock and blended assets while the remaining 21% came from bond and money market.
Total other investment portfolios were $407 billion, reflecting a decrease of about 1% from the previous month. Overall, stock and blended assets accounted for $310 billion or 76.2% of other investment portfolios while bond, money market and stable value came in at $97 billion or 23.8%.
T. Rowe Price recorded $240 billion in target date retirement portfolios, which was down 2.4% from $246 billion in the prior month.
Our Viewpoint
T. Rowe Price’s organic growth remains impressive as can be seen from a continuous rise in revenues. Also, its planned strategic initiatives, including investment in technology and advisory services, bode well for the long term.
Shares of T. Rowe Price have gained 64.52% in the past year, outperforming 25.2% rally of the industry it belongs to.
T. Rowe carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Investment Managers
Franklin Resources (BEN - Free Report) has announced preliminary AUM by its subsidiaries of $744.9 billion for February 2018. Results display 3.4% drop from $770.8 billion recorded as of Jan 31, 2018. Net market losses and outflows were primarily responsible for this decline.
Invesco Ltd. (IVZ - Free Report) reported preliminary month-end AUM of $945.4 billion for February 2018. The figure reflects decline of 2.8% from the prior month.
Legg Mason's preliminary AUM of $766.7 billion for February 2018 increased 1.7% sequentially.
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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