T. Rowe Price Group Inc. has been consistently outperforming competitors, as noted in several reports. However, multiple asset management groups, including the Teacher Retirement System of Texas and Assetmark Inc., have reduced their stakes in the company. Despite a consensus recommendation of 'reduce', there are still multiple reasons to invest in
T. Rowe Price, such as strong buy ratings from analysts and an attractive 4.25% Dividend Yield. Furthermore, the stock has shown resilience amid market challenges with Q1 2024 earnings beating estimates. The company has announced an increase in dividend to $1.24 and has completed the buyout of
Oak Hill Advisors. However, some negativity surrounds the company with regards to an expectation of muted earnings, a slight decline in April's AUM, and some VP-level insider selling of stocks. Nevertheless, their solid organic growth and fine financial footing continue to lend weight to their positive market standing.
T Rowe Price Group TROW News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Wed, 22 May 2024 21:05:00 GMT -
Rating 6
- Innovation 4
- Information 9
- Rumor 2
