T. Rowe Price stock gains on August AUM growth and F/ m Investments deal

Published on 09/11/2026 at 18:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

T. Rowe Price stock reflects August 2026 assets under management rising to USD 1.90 trillion as of August 31, 2026, despite net outflows. The shares recently closed at USD 107.55 on Nasdaq, near analyst price targets around USD 109.

T. Rowe Price, US74144T1088, Illustration mit AI erstellt.

T. Rowe Price Group stock (ISIN US74144T1088) is trading near recent highs after the Baltimore-based asset manager reported August 2026 assets under management of USD 1.90 trillion as of August 31, 2026, while also agreeing to acquire F/m Investments to bolster its fixed income ETF platform, as reported on September 11, 2026.

August AUM climbs to USD 1.90 trillion

According to Yahoo Finance on September 11, 2026, T. Rowe Price Group, Inc. reported August month-end assets under management of USD 1.90 trillion as of August 31, 2026, up from USD 1.87 trillion in July 2026.

The company’s disclosure shows that equity strategies accounted for USD 910 billion of AUM as of August 31, 2026, compared with USD 896 billion in July 2026 and a historical USD 879 billion level a year earlier, underscoring how market gains and product mix have lifted equity balances over time.

Fixed income, including money market strategies, contributed USD 225 billion of assets as of August 31, 2026, while multi-asset portfolios stood at USD 699 billion, illustrating the firm’s diversified business model across asset classes in its most recent month-end report.

Acquisition of F/m Investments and Claude expansion

As ScanX Trade reported on September 11, 2026, T. Rowe Price Group has agreed to acquire F/m Investments LLC, targeting approximately USD 19 billion in assets under management as of July 31, 2026 to expand its fixed income exchange-traded fund and separately managed account capabilities.

The same ScanX Trade overview notes that T. Rowe Price’s August AUM increase to USD 1.90 trillion came despite net outflows of USD 7.9 billion, indicating that favorable market conditions and asset appreciation offset client withdrawals in the latest month.

In a separate development focused on technology and research processes, MarketChameleon carried a PRNewswire release dated September 10, 2026, stating that T. Rowe Price is working with Anthropic to expand the use of Claude across its investment organization, with the firm managing USD 1.87 trillion in client assets as of July 31, 2026.

Analyst view, valuation and dividend context

For investors, the valuation and income profile are another key lens. According to the T. Rowe Price Group overview on MarketBeat accessed on September 11, 2026, the consensus analyst price target for T. Rowe Price stock stands at USD 106.15, with one recent target cited at USD 110.00 as of September 2, 2026 and a reported average price objective of USD 109.33.

The same MarketBeat data shows that T. Rowe Price stock was trading at USD 102.38 at the beginning of 2026 and, by the latest close cited, had risen to USD 107.55, an increase of about 5.0 percent year to date, highlighting steady share performance even against the backdrop of industry fee pressures.

According to MarketBeat’s metrics, the company’s market capitalization is approximately USD 22.94 billion, based on the recent share price, with a trailing price-to-earnings ratio of 10.79 and a dividend yield of around 4.83 percent as of the latest data snapshot in September 2026.

Complementing this view, an analysis on GuruFocus dated September 11, 2026 highlights that T. Rowe Price’s GF Value estimate of USD 121.80 versus a current price reference of USD 107.55 implies the stock was about 11.7 percent undervalued at that time, with a dividend yield of roughly 4.78 percent and a payout ratio near 50 percent supporting the sustainability of distributions.

Risks and flows behind the headline numbers

While AUM growth supports the investment case, the ScanX Trade summary of the firm’s August data underscores that net client outflows of USD 7.9 billion still weighed on organic growth, meaning that much of the USD 1.90 trillion AUM figure was driven by market performance rather than new money.

For long-term shareholders, this dynamic suggests that future revenue trends will depend on stabilizing flows, leveraging the planned acquisition of F/m Investments to broaden fixed income offerings, and effectively integrating Anthropic’s Claude into research workflows to enhance investment decisions.

Stock price and trading range

Per Nasdaq data cited in the interactive chart overview on Yahoo Finance, T. Rowe Price stock closed at USD 107.55 on Nasdaq on September 10, 2026 at 4:00 p.m. Eastern Time, down 0.18 percent from the previous day, with after-hours trading lifting the price to USD 108.23 later that evening.

According to MarketBeat’s consolidated quote, the stock traded in a 52-week range between USD 85.22 and USD 122.00, placing the latest closing price of USD 107.55 closer to the upper half of that range and roughly USD 14.45 below the 52-week high, while daily volume recently stood near 1.10 million shares against an average of about 1.18 million.