T Rowe PriceNASDAQ: TROW

Even though inflation is still a concern, the market seems to be in a good position for the U.S. economy to grow and for choosing stocks wisely. On November 19, 2024, T. Rowe Price held its 42nd annual global market outlook press briefing, where a group of investment specialists discussed their predictions for the global financial markets in 2025.

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TROW announced that its assets under management (AUM) reached $1.61 trillion at the end of October 2024, which is a 1.5% rise compared to the month before.

Investors looking at stocks in the Financial - Investment Management sector have likely come across T. Rowe Price (TROW) and Ares Management (ARES).

T. Rowe Price has not performed well, showing a -4.20% return over the past five years, even during a strong bull market. Although the company has good financials and a history of increasing dividends, the current rate of dividend growth is not sustainable, which makes it less appealing for long-term investors. Additionally, the ongoing negative net flows since 2021, particularly from U.S. equity retail investors, raise significant concerns, even if assets under management are increasing due to the market conditions.

T. Rowe Price Group, Inc. (NASDAQ:TROW) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 8:00 AM ET. The call will feature company representatives including Linsley Carruth, Rob Sharps, Jen Dardis, and Eric Veiel, along with participants from various financial institutions. The conference will be facilitated by Daniel, who will guide the discussion.

TROW's Q3 2024 results show growth in AUM balance and higher revenues. However, the increase in expenses is still a worry.

T. Rowe Price Group, Inc. has a rich history of innovation and achievement, boasting a strong brand and business model that has led to 38 years of continuous dividend growth. The company has a solid balance sheet, a large amount of cash, and high profit margins, which offer strong protection for its stock. Additionally, the growth in assets under management and more money going into retirement accounts allows for potential gains during market upswings.

Dividends are a major advantage of being a shareholder, but identifying a good dividend stock can be challenging. Is T. Rowe Price (TROW) a strong candidate for this?