Sunday, October 30, 2016

RECENT BUY: T Rowe Price Group, Inc. (NYSE: TROW)

We Recently Purchased The Following:

T Rowe Price Group, Inc (TROW)
Purchased 8 shares of TROW on 10/27/2016 at $63.38
Total Spent: $507.00; added $17.28 in forward dividends.

T Rowe Price Group, Inc (TROW) is an American publicly owned investment firm, headquartered in Baltimore, Maryland. It was founded in 1937 by Thomas Rowe Price, Jr. TROW is a dividend champion, which has raised its dividends for 29 years in a row. Over the last decade, TROW has delivered annualized total return of 12% plus to its shareholders.
Aside from the reasons above, here are a few reasons why we personally bought T Rowe Price Group, Inc. stock: 1) TROW was trading at a 19.7% discount from its 52-week high of $79.00; 2) Nice yield above 3% at 3.375%; 3) TROW is a fairly large company with a market cap at 15.9 Billion.

Company Description
From Google Finance:
T. Rowe Price Group, Inc. is a financial services holding company. The Company provides global investment management services to individual and institutional investors in the sponsored T. Rowe Price mutual funds distributed in the United States and other investment portfolios. It operates through investment advisory business segment. Its assets under management are accumulated from a client base across over four primary distribution channels, including third-party financial intermediaries that distribute its managed investment portfolios in the United States and other countries; individual the United States investors on a direct basis; the United States defined contribution retirement plans, and institutional investors across the globe. It manages assets, including the United States and international stock, blended asset, bond and money market mutual funds, and other investment portfolios. The Company offers advisory services, distribution management and administrative services.
With our recent purchase of T Rowe Price Group, Inc (TROW), the estimated forward dividends for our family's dividend stocks portfolio grew another $17.28, putting our yearly dividends at approximately $3,342/year (excluding our Edwards Jones account) and $3,727/year (including our Edward Jones account).  

We did not previously own T Rowe Price Group, Inc., therefore, the recent buy of TROW added yet another dividend paying company to our family's dividend stocks portfolios (WF and EJ Accounts). The total stocks held in our family's dividend stock portfolio is now 58 different dividend paying stocks/ETFs and also 5 companies that either don't pay a dividend our has currently suspended their dividends.

Our family's dividend stocks portfolio may be found
by clicking on the link below:

We also maintain an extensive list of stock analysis
that can be access through the link below:

We also just started a list of Recent Buys by other bloggers
that can be access through the link below:


T.Rowe Price Group, Inc (TROW)
P/E: 15.42
Payout Ratio: 46%
Dividend Yield: 3.38%

29 consecutive years of dividend increases
Last Ex-dividend date: 9/13/2016
Next Ex-dividend date: approx. 12/13/2016
Have paid a dividend since: 1986 (30 years)
Pays a dividend 4 times a year
Market Cap: 15.9 Billion
52-week high: $79.00
52-week low: $63.14

Purchased Price: $63.38

What are your thoughts on of recent purchase?

What are you buying?


  1. AFFJ -

    Jealous of the price point you got it at, great company, great dividend, great aristocrat!


  2. No(!) long term debt and a moderate payout ratio. Very good pick! TROW is on my buying list too.


  3. Nice pick up. I just initiated a TROW position not long ago. From a dividend perspective this stock is trading at nice levels. From a company level, TROW has no debt. A lot to like about this stock. Just wonder about the long term future as robo-advisers become more commonplace.

  4. Excellent addition to your holdings AFFJ! TROW also in my portfolio.. Looking to add more at this price to average down a bit.

    Jim - MDP

  5. Nice buy. I picked up more share last month too. TROW went up a bunch post election. Let's hope it can sustain it's new price.