TROW - T. Rowe Price: A Dividend Aristocrat With 25% Upside Potential
2024-05-01 09:00:00 ET
Summary
- T. Rowe Price Group, Inc. is a dividend aristocrat with 37 years of steady and dependable dividend payments.
- The stock is in a solid technical position with potential for substantial upside and has recently bounced off strong support.
- The recent earnings report exceeded expectations, indicating strong fundamental performance and potential for future growth.
T. Rowe Price Buy Thesis
I bought a 1% starter position in T. Rowe Price Group, Inc. ( TROW ) for my Super SWAN income portfolio. In the following sections, I will lay out my bull case. Below is a short excerpt describing TROW from Seeking Alpha news :
T. Rowe Price: A Dividend Aristocrat With 25% Upside Potential"Founded in 1937, T. Rowe Price helps individuals and institutions around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Clients rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investment capabilities. T. Rowe Price has $1.542 trillion in assets under management as of March 31, 2024, and serves millions of clients globally."