2023-04-20 05:45:00 ET
Investors looking for a good value stock to invest in should closely examine T. Rowe Price Group (NASDAQ: TROW) today. This S&P 500 index component is definitely dealing with short-term headwinds, but they are no different from what it has ably handled in the past.
If you act now, while this blue-chip asset manager looks cheap, you can lock in a historically generous 4.3% dividend yield on the stock you buy. Here's a quick primer on the stock and why it's a bargain right now.
The big problem for T. Rowe Price is that the asset pile it manages (more about this below) is getting smaller. In 2022, its assets under management (AUM) fell from roughly $1.688 trillion at the start of the year to $1.275 trillion by the end of it. That's a hefty 24.5% decline. There are two factors contributing to this drop.
For further details see:
This S&P 500 Stock Is a Blue Chip Bargain