T. Rowe Price is a global asset manager with a strong franchise in retirement and target date funds, currently trading at a low valuation. Despite recent poor performance and net outflows, fund performance is improving, and a bull market is boosting assets under management. The stock offers a higher-than-average dividend yield with excellent safety, making it a long-term buy for dividend growth investors.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does T. Rowe Price (TROW) have what it takes?
T. Rowe Price Group Inc. has delivered a 14% return since my Buy recommendation, but has trailed the S&P 500's 32% return. AUM has risen due to strong equity market performance and improving long-term flows. TROW's valuation is now more attractive relative to the broader market and peers than was previously the case.
TROW reports an AUM of $1.61 trillion at the end of August 2024, increasing 1.6% from the previous month's level.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does T. Rowe Price (TROW) have what it takes?
In the most recent trading session, T. Rowe Price (TROW) closed at $103.54, indicating a +1.82% shift from the previous trading day.
T. Rowe Price is a Dividend Aristocrat, consistently increasing its dividend annually for over 25 years, offering a yield of 4.76%. The firm boasts a robust profit margin of around 28%, significantly higher than competitors like Bank of America and Franklin Resources. The shift from defined benefit pension plans to defined contribution plans like 401k increases reliance on the stock market, benefiting firms like T. Rowe Price.
T. Rowe Price grows along with the broader stock market. The company is highly profitable and maintains a strong balance sheet.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does T. Rowe Price (TROW) have what it takes?
T. Rowe Price (TROW) reports an AUM of $1.59 trillion at the end of July 2024, rising 1.1% from the previous month's level.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does T. Rowe Price (TROW) have what it takes?
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