T. Rowe Price Group Inc (NAS:TROW)
$ 123.84 -0.32 (-0.26%) Market Cap: 27.51 Bil Enterprise Value: 24.63 Bil PE Ratio: 13.55 PB Ratio: 2.68 GF Score: 94/100

T. Rowe Price Group Inc at Goldman Sachs Financial Services Conference (Virtual) Transcript

Dec 09, 2020 / 03:00PM GMT
Release Date Price: $151.57 (-1.04%)
Alexander Blostein
Goldman Sachs Group, Inc., Research Division - Lead Capital Markets Analyst

Great. Good morning, everybody. It is my pleasure to welcome Céline Dufétel, CFO of T. Rowe Price. Over the last few years, T. Rowe has been making significant investments to expand the firm's product and distribution capabilities as the landscape for asset managers clearly continues to evolve. These investments are paying off, with T. Rowe still being 1 of the few traditional managers with positive organic growth over the last couple of years. In addition, the firm maintains a very strong balance sheet with significant amount of excess cash and discretionary investments on the balance sheet with no debt. Céline is going to go through a brief presentation, in hopes you should have slides on the screen there, and then we'll jump into the Q&A portion of the session. Céline, welcome. Over to you.

CÃ;line S. DufÃ;tel
T. Rowe Price Group, Inc. - CFO, Treasurer & VP

©© -

Thanks, Alex. Pleasure to be here. So I'm going to spend the

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