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T. Rowe Price Group, Inc. (TROW)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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204.61+1.91 (+0.94%)
At close: 4:00PM EDT
204.61 0.00 (0.00%)
After hours: 05:28PM EDT
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  • S
    Stockguru
    Added at $189.20
  • C
    Charlie
    Looks like the Market Edge/Watch group is short?
  • D
    Daniel
    Buy the dip? What do you think?
  • C
    Charles
    BUY BUY
  • C
    Charlie
    Back in full at $214...
  • J
    Justin
    Will never sell. Great run company that pays a nice healthy dividend.
  • C
    Charles
    BUY BUY
  • C
    Chris
    Sold out of trow at 205 thinking I could buy back in lower. Add it to my list of companies I should’ve held. Some companies just very rarely trade at fair value
  • C
    Charles
    BUY BUY
  • T
    Tulsa
    TROW is a well kept secret that is a nice little money generator!
  • C
    Charles
    BUY BUY
  • w
    wooglin
    The following quotes are from a Bloomberg story, "T. Rowe Price Flows Hit as Investors Flee Toward Index Funds" (search key words, if you'd like to read the entire piece):

    "T. Rowe Price Group Inc. clients withdrew a net $5.3 billion from its funds in the third quarter as the firm once again saw investors choose index-tracking products over its own offerings.

    The Baltimore -based asset manager, which oversees about #1.3 trillion, has been a rare bright spot for active management in an industry where passive investing increasingly challenges stock pickers. But despite its success--including a net 14.7 billion of inflows in the second quarter--the firm is feeling the competitive pressure.

    Assets in actively managed mutual funds and exchange-traded funds amounted to 57.8% of the $20.9 trillion reported to Bloomberg by U.S. fund managers for September. Passive investment funds held 42.2%, a share that has been increasing over time."
  • w
    wooglin
    In this case, I'm happy to be wrong as there was "room" for a special dividend even though TROW recently announced fee reductions. I had been expecting another special div, but after reading about the fee reduction, I didn't think one was in the offing near term.

    3.00 Ex 6/14 and payable 7/7
    I like the progression:
    2.00 Paid 4/23/15
    1.00 Paid 12/28/12

    After I receive the 7/7 3.00 div, I will have received more in special dividends/share than my basis per share. (Now if only I hadn't sold any shares!....)
  • '
    '
    Will be adding soon. I understand that they lowered some fees a few basis points. However a basis point is ONLY one hundredth of a percent and with added funds imho will pick up new clients. Zero long term debt low payout and peg ratio makes this imo a buy>
  • w
    whodidntante
    $MED conversation
    We may be seeing a flight to quality, and MED is definite quality...

    Hard to find debt free, cash rich, profitable, growing, reliable dividend and buying back shares to boot...

    $MED, $PETS, $TROW, $GRMN

    https://seekingalpha.com/instablog/50407148-whodidntante/5529253-no-real-debt-plenty-of-cash-dividend-hike
  • G
    Greg
    Brought this position up to 100 shares today. Looking for 20%-30% by next blowout earnings.
  • J
    Justin
    How does this company with its immaculate balance sheet and solid dividend go so unnoticed? It’s a smaller version of Blackrock.
  • w
    whodidntante