T. Rowe Price has reached its lowest point in 52 weeks, showing that investors are worried about changing economic situations, strict regulations, and increasing costs for compliance.
In January, TROW had an assets under management (AUM) balance of $1.65 trillion. During that month, it faced net outflows totaling $2.1 billion.
The DividendRank formula from Dividend Channel evaluates thousands of dividend stocks using a special method that highlights those with solid fundamentals and low valuations. Currently, T. Rowe Price Group has an excellent ranking, placing it in the top 10% of all stocks covered, indicating it is one of the most promising options for investors to explore further.
BALTIMORE, Feb. 11, 2025 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) has announced that its Board of Directors has approved a quarterly dividend of $1.27 per share. This dividend will be paid on March 28, 2025, to shareholders who are on record as of the end of business on March 14, 2025.
T. Rowe Price has struggled to keep up with BlackRock because it hasn't adapted to the rise of passive ETFs, leading to poor performance and ongoing losses. The company's focus on active investing, even as passive ETFs become more popular, has created a large difference in returns and market presence. Although TROW offers a good dividend yield and is financially stable, its future growth looks uncertain due to shifting investor interests.
TROW's results for the fourth quarter of 2024 fell short of expectations due to increased costs. However, the growth in net revenues from a rise in assets under management (AUM) is a positive aspect.
T. Rowe Price Group, Inc. (NASDAQ:TROW) will hold its Q4 2024 Earnings Conference Call on February 5, 2025, 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.
T. Rowe Price (TROW) reported quarterly earnings of $2.12 per share, which is lower than the Zacks Consensus Estimate of $2.23 per share. This is an increase from the earnings of $1.72 per share from the same period last year.
TROW's performance in the fourth quarter of 2024 probably suffered due to a drop in the stock market and increased costs.
To better understand how T. Rowe (TROW) might perform in the quarter ending December 2024, look beyond Wall Street's basic profit and loss predictions. Instead, focus on the forecasts for some of its important metrics. This will give you a clearer picture of its potential performance.