TROW - T. Rowe Price: Looming Interest Rate Cuts Will Turnaround Assets Under Management
2024-03-30 09:31:29 ET
Summary
- Looming interest rate cuts and a strong historical track record will help TROW grow AUM moving forward.
- The management team has delivered 93% of adjusted net income over the last three years back to shareholders via dividends and share buybacks.
- TROW has a very solid balance sheet.
- TROW is a hold based on a projected annual return of 10% over the next five years.