Earnings may fall short because of bond fund redemptions
$77 seems like a good sell point in my opinion. Buy back $10 or $15 lower (mid or low $60s perhaps). Bond market drop over last month has led to record redemptions from bond funds, likely reducing fees. I would also sell the other MF companies, like BEN. Only some of the money coming out of bonds last quarter went into stock funds. Most went into cash (money market funds) which generarte lower fees. Do others agree with this analysis.
What percent of TROW's AUM are in emerging markets and fixed income?
In general, equity funds are more profitable than fixed income funds (from TROW's perspective).
Fortuanately alot of TROW's AUM are in equity funds and particularly target date funds; the assets in the later category are fairly sticky.
TROW may wobble, but depending on one's investment time horizon, it very well may be best to hold.
TROW's position in DELL is not a big deal, as far as how much TROW is valued.
TROW primarily earns money by taking a very small fee on its assets under management.
TROW has approx. $620 Billion in assets under management and its DELL position is approximately a tad less than $1 Billion. In other words, TROW's DELL position represents 0.16% of its AUM. This is why TROW's position in DELL is not a big deal as far as how much TROW earns or how much it is valued.
Of course, if you asked Michael Dell about TROW's position, well , that is a very different scenario!