$TROW's 2Q16 earnings were reduced by a charge the company took in the quarter related to a Dell appraisal rights issue. $TROW, which opposes Dell going private, accidentally voted in favor of the move. $TROW, which owns shares of Dell through funds, had to compensate for the error, and that resulted in the $166.2MM charge.

Investment management firm $TROW reported assets under management of $904Bil as of June 30, 2017. Client transfers from mutual funds to other portfolios were B$4.2Bil for the month, and $7.6Bil for the quarter-ended June 2017.

$TROW launches T. Rowe Price U.S. High Yield Fund, which focuses on total return through investments in U.S. high yield bonds. The fund is the result of the firm's acquisition of the Henderson High Yield Opportunities Fund from Henderson Global Investors (North America) Inc.

$TROW entered into an agreement to acquire the Henderson High Yield Opportunities Fund from Henderson Global Investors (North America) Inc. The transaction will be concluded through the reorganization of that fund into a newly formed mutual fund, the T. Rowe Price U.S. High Yield Fund. The transaction is expected to close in late May 2017.

$TROW BoD declared a quarterly dividend of $0.57 per share payable March 30, 2017 to stockholders of record as of the close of business on March 16, 2017.

During 4Q16, $TROW's assets under management decreased $2.1Bil. For FY16, the assets under management rose $47.7Bil to $810.8Bil. Cash and cash equivalents as of Dec 31, 2016 is $1.20Bil.

Investment manager $TROW reported 25.3% increase in its 4Q16 earnings, helped by higher revenues. Net income during the quarter rose to $379.8MM, or $1.50 per share compared to $303.2MM, or $1.07 per share during 4Q15. Net revenues rose 3.7% YoverY to $1.1Bil. Excluding items, $TROW earned $1.07 per share.

$TROW announced that CFO Kenneth V. Moreland will retire in 2017. The firm will begin the search for a new CFO immediately. Mr. Moreland’s official retirement date has not been determined beyond being later in 2017 as he will be assisting the firm through the transition period.

$TROW named 6 senior leaders as CIOs, effective March 31, 2017. Rob Sharps will be Group CIO. Henry Ellenbogen will be CIO, U.S. Equity Growth. David Giroux will be CIO, U.S. Equity Multi-Discipline. John Linehan will be CIO, U.S. Equity Value. Justin Thomson will be CIO, International Equity. And, Mark Vaselkiv will be CIO, Fixed Income.

$TROW said chairman and CIO Brian Rogers to retire on March 31, 2017, after nearly 35 year at the firm. At that time, he will step down from his role as CIO, which he has held since 2004. After retirement, Rogers will continue on the BoD and serve as non-executive chair.

$TROW reported 3Q16 earnings of $327.8MM or $1.28 per share, up 18% from a year ago. Net revenues increased 4% to $1.1Bil. Assets under management increased $36.3Bil to $812.9Bil at Sept. 30, 2016.

$TROW said its BoD has declared a quarterly dividend of $0.54 per share. The dividend is payable Sept. 29, 2016 to stockholders of record as of the close of business on Sept. 15, 2016.

$TROW said it expects global volatility to persist for some time. "Although third quarter markets are off to a strong start, we expect volatility to persist globally for some time, especially with political and economic uncertainties stemming from the Brexit vote and U.S. elections likely to linger," CEO William Stromberg said.

$TROW's 2Q16 earnings were reduced by a charge the company took in the quarter related to a Dell appraisal rights issue. $TROW, which opposes Dell going private, accidentally voted in favor of the move. $TROW, which owns shares of Dell through funds, had to compensate for the error, and that resulted in the $166.2MM charge.

Investment manager $TROW reported a lower quarterly profit, hurt by charge. The company reported 2Q16 earnings of $195.3MM, or $.76 per share, compared to earnings of $333.2MM, or $1.24 per share a year ago. 2Q16 results included an operating charge of $166.2MM, the company said. Assets under management increased to $776.6Bil at June 30, 2016.

Investment manager $TROW reported a lower quarterly profit, hurt by a charge. The company reported 2Q16 earnings of $195.3MM, or $.76 per share, compared to earnings of $333.2MM, or $1.24 per share a year ago. 2Q16 results included an operating charge of $166.2MM, the company said. Assets under management increased to $776.6Bil at June 30, 2016.