08:53 AM EDT, 06/12/2024 (MT Newswires) -- T. Rowe Price Group ( TROW ) reported preliminary assets under management Wednesday of $1.542 trillion as of May 31, up from $1.485 trillion the previous month.

The firm said its equity assets increased to $790 billion from $762 billion at the end of April, while multi-assets were $524 billion, up from $506 billion. Fixed-income assets increased to $180 billion from $169 billion, and alternative assets were unchanged at $48 billion.

The asset manager also reported preliminary net inflows of $6.7 billion for the month.

Shares of the company were up nearly 4% in recent Wednesday premarket activity.

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