T. Rowe Price’s $1.71T AUM Faces $3.2B Outflow—Buy or Bail?

T. Rowe Price Group Inc. (NASDAQ: TROW) is back in focus after the Baltimore-based asset-manager disclosed that assets under management (AUM) climbed to $1.71 trillion at the end of March 2026, up from $1.67 trillion a month earlier, despite continued industrywide net outflows. The update comes just weeks before the firm’s first-quarter 2026 earnings release, slated for Thursday, 30 April 2026 at 7:00 a.m. ET, followed by an investor call from 8:00 a.m. to 8:45 a.m. ET. What Wall Street expects • Consensus forecasts call for Q1 earnings per share of roughly $2.42, an 8.5 % year-over-year improvement on the back of higher average market levels and disciplined expense management. • Revenue is projected to edge higher as performance-fee eligible strategies outperform their benchmarks, although management fees remain under pressure from client migration to lower-cost products. Stock performance and fresh analyst views TROW shares finished the latest session at $94.37, implying a forward P/E near 10 and a dividend yield comfortably above 4 %—an income profile that continues to attract value-oriented investors. Goldman Sachs reiterated its cautious stance this week, trimming its 12-month price target to $85 while maintaining a “Sell” rating, citing elevated expense growth and ongoing competitive fee compression. Key themes to watch on the 30 April call 1. Flow trajectory: Will early-year equity market strength translate into positive net inflows for the first time in eight quarters? 2. Expense discipline: Management signaled targeted head-count reductions in late 2025; investors want evidence those savings are flowing through the income statement. 3. Product innovation: Updates on the firm’s active ETFs and retirement-tiered strategies could illuminate new fee pools and client segments. 4. Capital return: With $11 billion in cash and equivalents, further share repurchases or a special dividend could bolster shareholder returns. SEO takeaway Searches for “T. Rowe Price earnings date,” “TROW stock forecast,” and “T. Rowe Price AUM 2026” are likely to spike ahead of the 30 April report. Investors tracking the large-cap asset-manager should mark their calendars for the pre-market release and live webcast, as guidance on flow stabilization and cost controls may set the tone for TROW’s share price through the second half of 2026.