T. Rowe Price Group, Inc. ( TROW - Free Report ) reported fourth-quarter 2022 adjusted earnings per share of $1.74, which outpaced the Zacks Consensus Estimate of $1.72. The bottom line, however, declined 45.1% year over year. Net income attributable to T. Rowe Price was $266 million, down 64.1% from the prior-year quarter. In 2022, adjusted earnings of $8.02 per share beat the consensus estimate of $7.98 but declined 37.1% year over year. Net income attributable to T. Rowe Price was $1.56 billion, plunging 49.5%. Investment advisory fees fell 24.4% to $1.37 billion. Administrative, distribution and servicing fees decreased 14.9% to $129.4 million. SEI Investments Co. 's ( SEIC - Free Report ) fourth-quarter 2022 earnings of 83 cents per share outpaced the Zacks Consensus Estimate of 79 cents. The bottom line, however, reflects a decline of 19% from the prior-year quarter. Net income was $112.2 million, down 23% from the year-ago quarter.