Janus's net income was reduced 3 cents a share by costs associated with a debt tender in the first quarter. The firm repurchased $59.4 million of debt set to mature in 2014 and 2017 with cash on hand. Janus also repurchased 263,600 shares of common stock in the quarter at an average price of $9.05 a share for a total cost of $2.4 million. The firm's board of directors voted April 19 to raise the quarterly dividend, payable May 21, to 6 cents a share from 5 cents.
T. Rowe Price Group Inc. today said it won $12.4 billion in net deposits during the quarter. Net income increased to $196.5 million, or 75 cents a share, from $193.8 million, or 72 cents, a year earlier, the Baltimore-based company said today in a statement.
BlackRock Inc., the world's largest asset manager, said April 18 clients withdrew a net $48 billion in the first quarter. Market gains helped the New York firm increase net income by 0.7 percent to $572 million, or $3.14 a share, as assets rose to $3.68 trillion.