skodonnell
I spend a lot of time researching, reading, and watching videos on the economic landscape and outlook. Part of it is to be better informed for the articles that I write here on Seeking Alpha, but it is also driven by my curiosity
T. Rowe Price: Getting Closer To Strong Buy Territory
Summary
- Shares of T. Rowe Price have had a rough first half of 2022, with a YTD decline near 40%.
- Despite a decline in AUM for 2022, T. Rowe Price still has impressive margins and a rock-solid balance sheet.
- Shares are now trading at 10.5x earnings, which is attractive given the quality of T. Rowe Price.
- Shares now yield 4.1% and investors can expect continued annual dividend raises.
- The company has been buying back stock which is likely to continue while shares are trading at attractive valuations.
You can find me on Substack at Kontrarian Korner: CPA and former Big 4 auditor. I break down investments in qualitative and quantitative terms, and I look for investments that will compound my money over the long term.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TROW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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