TROW Stock Recent News

Investors with an interest in Financial - Investment Management stocks have likely encountered both Invesco (IVZ) and T. Rowe Price (TROW).

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 (TROW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

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?

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.

New York, New York, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Administrative Agent and Lead Left Arranger of a private unitranche facility to support Carlyle's acquisition of Worldpac, Inc. (“Worldpac”), a formerly fully owned subsidiary of Advance Auto Parts, Inc. Worldpac is a national distributor of original equipment and quality aftermarket replacement automotive parts, primarily to independent service professionals. OHA provided the entire unitranche financing facility, while its private credit joint venture partner BMO Capital Markets served as Administrative Agent on the company's asset-based lending (“ABL”) facility.  OHA's comprehensive understanding of the automotive aftermarket industry positioned it to provide constructive feedback to the sponsor and lead and structure this tailored financing solution.