T. Rowe Price: Why I Would Buy The Dip

Blue Chip Portfolios
1.83K Followers

Summary

  • T. Rowe Price Group shares have fallen -53% since hitting an all-time high in August 2021.
  • TROW operates in a competitive industry but has a strong track record which has created a competitive advantage.
  • TROW has a strong balance sheet, shareholder-friendly capital allocation, and trades at an attractive valuation compared to its historical norms.
  • I am initiating TROW with a buy rating.
Benjamin Franklin face on USD dollar banknote with red decreasing stock market graph chart for symbol of economic recession crisis concept.

Dilok Klaisataporn

Shares of T. Rowe Price Group (NASDAQ:TROW) have had a tough go of it lately. Since hitting an all-time high in August 2021, TROW shares have returned -53% on a total return basis compared to a total return of -3.5% for the S&P 500 and -12.4% for

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BLK 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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