T. Rowe Price Group Inc. ($TROW) Stock Forecast: Down 5.1% Today

What is T. Rowe Price Group Inc.?

T. Rowe Price Group Inc. (TROW) is a renowned global investment management firm that offers a variety of mutual funds, subadvisory services, and separate account management for individuals and institutions, emphasizing strong long-term results for clients.

Why is T. Rowe Price Group Inc. going down?

TROW stock is down 5.1% on Aug 2, 2024 17:54

• Profit-taking by investors following a period of sustained growth may have contributed to the bearish movement in TROW stock today.
• Investor focus on high-yielding dividend aristocrats in the market could have diverted attention from TROW, impacting its stock price negatively.
• The Q2 2024 earnings call transcript for T. Rowe Price Group Inc. may have revealed concerning aspects about the company's financial performance, leading to a bearish sentiment among investors.
• The market movement in TROW today might reflect a combination of profit-taking, changing investor preferences towards high-yielding dividend stocks, and potentially disappointing earnings information from the Q2 earnings call.

TROW Price Chart

TROW Technical Analysis

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Time-Tested Stocks: 3 Dividend Aristocrats With Yields Over 4%

Stocks with long histories of dividend growth have stood the test of time. Among the most striking examples of such reliability are dividend aristocrats, a group of just 68 stocks within the S&P 500 index that have raised their dividends for at least 25 consecutive years. These dividend growth stocks have outlasted competitive threats, navigated recessions and kept raising dividends through it all. Better still, we can narrow this list of excellent dividend stocks to just those with yields above 4%. In this article, we’ll take a look at three of the highest-yielding dividend aristocrats with safe dividends.

https://investorplace.com/2024/07/time-tested-stocks-3-dividend-aristocrats-with-yields-over-4/

3 Must-Own Dividend Aristocrats for Reliable Income

With the S&P 500 providing a paltry 1.32% dividend yield today, income-focused investors must be selective in their search for yield. That’s where the Dividend Aristocrats come in. These 66 S&P 500 companies have raised their dividends for at least 25 consecutive years. While Dividend Aristocrats may not be the most exciting stocks to own, there’s much to say about their staying power. Many of these companies have recession-resistant business models that generate consistent cash flows in almost any economic environment. Investors could do much worse than building a portfolio around these types of high-quality dividend growers and holding them for the long-haul. Reinvesting those rising dividends along the way is a proven path to generating substantial wealth and income over time. Dividends have accounted for 32% of the S&P 500’s total return since 1926. So, if you’re looking to add some ballast to your portfolio in these uncertain times, consider these three Dividend Aristocrats for reliable and growing income.

https://investorplace.com/2024/07/3-must-own-dividend-aristocrats-for-reliable-income/

Q2 2024 T Rowe Price Group Inc Earnings Call Transcript

Q2 2024 T Rowe Price Group Inc Earnings Call Transcript

https://www.gurufocus.com/news/2483756/q2-2024-t-rowe-price-group-inc-earnings-call-transcript

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T. Rowe Price Group Inc. Price History

13.01.2024 - TROW Stock was down 5.1%

• The bearish movement in TROW's stock today could be attributed to several factors:
• 1. Downgrade by an investment research platform: The downgrade of TROW's stock rating from "buy" to "hold" by an investment research platform could have negatively impacted investor sentiment and led to selling pressure on the stock.
• 2. Mixed Results Amid Market Challenges: TROW's mixed financial results, as discussed in recent analysis, could have contributed to the bearish movement. Market challenges and uncertainties may have raised concerns among investors about the company's future performance.
• 3. Disclosure of regulatory information: The mention of a regulatory disclosure in recent analysis could have triggered speculation or uncertainty among investors, leading to selling pressure on the stock.
• 4. Overall Market Conditions: It's also important to consider the broader market conditions. If the overall market experienced a bearish trend, it could have influenced the downward movement in TROW's stock.
• Overall, the bearish movement in TROW's stock today could be attributed to a combination of factors, including a downgrade in stock rating, mixed financial results, regulatory disclosure, and overall market conditions.

26.03.2024 - TROW Stock was up 5.7%

• T. Rowe Price Group (TROW) experienced a strong bullish movement today following the release of its Q1 2024 earnings report.
• The company reported earnings per share (EPS) of $2.38, surpassing analyst estimates, and revenue of $1.75 billion, which also exceeded expectations.
• The impressive financial performance and beating of estimates likely fueled investor confidence in T. Rowe Price Group, leading to the bullish market movement.
• The positive earnings results showcase the company's strong fundamentals and management, attracting investors and potentially driving the stock price higher.

14.10.2023 - TROW Stock was up 5.0%

• T. Rowe Price's CIO, Sebastien Page, has changed his belief towards equity markets and is no longer bearish.
• Page recently bought stocks and believes that the economy will react positively to falling inflation.
• This change in sentiment and positive outlook on the market could have contributed to the strong bullish movement in TROW's stock today.

26.03.2024 - TROW Stock was up 5.2%

• T. Rowe Price Group reported robust Q1 financial results and exceeded profit expectations, likely boosting investor confidence and driving the bullish market movement.
• The change in T. Rowe Price's ownership stake in YouGov PLC may have also positively influenced market sentiment towards TROW.
• The overall positive outlook in the Capital Markets sector, evident in the performance comparison of KKR with its industry peers, possibly created a conducive environment for T. Rowe Price Group to flourish and exhibit a bullish trajectory.

28.09.2023 - TROW Stock was down 10.2%

• The bearish movement in TROW's stock today could be attributed to the following factors:
• 1. Disappointing earnings: T. Rowe Price Group reported earnings for its third quarter that beat Street estimates, but the market may have expected even better results. This could have led to some profit-taking and selling pressure on the stock.
• 2. Market correction concerns: The overall market sentiment has been cautious, with the S&P 500 on the brink of a "correction" and the Nasdaq experiencing a selloff. This broader market weakness could have spilled over to TROW's stock and contributed to the bearish movement.
• 3. Negative news from Sanofi: French drugmaking giant Sanofi plunged 16% after revealing a surprise forecast for lower profit. This negative news from a major player in the healthcare sector could have had a spillover effect on investor sentiment, impacting TROW's stock negatively.
• 4. Overall market volatility: The market has been experiencing increased volatility, with factors such as geopolitical tensions and concerns about inflation and interest rates. This volatility could have contributed to the bearish movement in TROW's stock as investors may have been more risk-averse and opted to sell off their positions.
• Overall, the bearish movement in TROW's stock today could be attributed to a combination of disappointing earnings, market correction concerns, negative news from Sanofi, and overall market volatility.

27.09.2023 - TROW Stock was down 5.9%

• The bearish movement in TROW stock today could be attributed to the following factors:
• 1. Disappointing Earnings: T. Rowe Price Group reported earnings for its third quarter that beat Street estimates, but the market may have been expecting even better results. This could have led to a sell-off in the stock as investors may have been disappointed with the earnings performance.
• 2. Market Correction Concerns: The overall market sentiment has been cautious, with the S&P 500 on the brink of a "correction" and the Nasdaq experiencing a selloff. This broader market trend could have influenced the bearish movement in TROW stock.
• 3. Competitive Industry: T. Rowe Price operates in a competitive industry, and investors may have concerns about the company's ability to maintain its competitive advantage. This could have contributed to the bearish sentiment surrounding the stock.
• 4. Profit Forecast: French drugmaking giant Sanofi's surprise forecast for lower profit may have had a spillover effect on the market, leading to a negative sentiment towards TROW stock.
• Overall, the bearish movement in T. Rowe Price Group stock today could be attributed to disappointing earnings, market correction concerns, a competitive industry, and the impact of Sanofi's profit forecast.

02.07.2024 - TROW Stock was down 5.1%

• Profit-taking by investors following a period of sustained growth may have contributed to the bearish movement in TROW stock today.
• Investor focus on high-yielding dividend aristocrats in the market could have diverted attention from TROW, impacting its stock price negatively.
• The Q2 2024 earnings call transcript for T. Rowe Price Group Inc. may have revealed concerning aspects about the company's financial performance, leading to a bearish sentiment among investors.
• The market movement in TROW today might reflect a combination of profit-taking, changing investor preferences towards high-yielding dividend stocks, and potentially disappointing earnings information from the Q2 earnings call.