08:59 AM EDT, 03/12/2025 (MT Newswires) -- T. Rowe Price ( TROW ) reported preliminary assets under management Wednesday of $1.627 trillion as of Feb. 28, down from $1.650 trillion the previous month.

The company said its equity assets decreased to $827 billion last month from $854 billion at the end of January, while multi-assets increased to $555 billion from $553 billion.

Fixed-income assets, including money market, were $192 billion, up from $190 billion, while alternative assets remained the same at $53 billion.

The asset manager also reported preliminary net outflows of $4.7 billion for the month.