T. Rowe Price Group (TROW) has had a busy period recently, with asset management crossing
$1.61 trillion in August 2024, an increase of 1.6% sequentially. The firm has also been included in the Forbes list of
America’s Best-in-State Employers 2024. A 4.25% dividend yield beckons investors, despite reports of underperformance in the stock market. Pension funds and capital management companies have increased their stock holdings in TROW, signaling the market’s faith in the firm. A notable position was taken by the
State of New Jersey Common Pension Fund D with a $9.04 million stock position. High profile insider selling raises speculative brows - notably a T. Rowe Price VP sold more than
$1.2m in company stock. Financial results for Q1 and Q2 of 2024 reveal mixed performance with Q2 earnings beating estimates while revenue misses forecasts. Regardless, TROW stays a favourable investment proposition due to its
debt-free status and consistently increasing dividends. The stability factor is bolstered by strong institutional backing, with 73% ownership.
T Rowe Price Group TROW News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Sun, 15 Sep 2024 08:36:38 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 2
