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Matthew Horowitz is a CPA based in the Mid-Atlantic area, working with businesses and individuals. Service oriented, with an emphasis on client planning services, quickbooks services, and all things tax. Away from the office, spends time on the tennis court. Has a nice rock music collection... More
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  • T. Rowe Price - A Charm City Investment 0 comments
    May 18, 2013 7:15 PM | about stocks: TROW

    As I write this post, shares of T. Rowe Price (Trow) are up 21% year-to-date. This follows 2012's stellar 18.48% return. A well managed firm led by a senior management team, TROW is a hold til forever stock in our opinion. Here are five reasons to own the stock:

    1). TROW currently pays a 1.94% dividend. The company has paid dividends every year since 1978.

    2). TROW's Return on Equity (ROE) is a stellar 24%.

    3). TROW has no significant debt on its balance sheet. All liabilities are short term.

    4). TROW is led by Brian Rogers and James Kennedy. These individuals have been in place for decades. Mr. Rogers track record managing mutual funds has been phenomenal.

    5). Assets under management have risen to a current 617 billion, up from 577 billion at December 31, 2012. TROW's profit has risen 22% since the previous quarter.

    Disclosure: I am long TROW.

    Themes: Financial Stocks: TROW
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