10 S&P 500 Dividend Aristocrats To Avoid

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4. T. Rowe Price Group, Inc. (NASDAQ:TROW)

Number of Hedge Fund Holders: 21

T. Rowe Price Group, Inc. (NASDAQ:TROW) is an American investment management company, based in Maryland. The company offers funds, account management, and retirement plan services to individuals and institutional consumers. Wells Fargo called the stock a strong franchise and maintained an Equal Weight rating on the stock in May. The firm kept a $108 price target on the dividend aristocrat stock.

T. Rowe Price Group, Inc. (NASDAQ:TROW) currently pays a quarterly dividend of $1.22 per share and has a dividend yield of 4.53%, as of May 30. The company has raised its dividends for 37 years running.

Insider Monkey’s Q1 2023 database shows that 21 hedge funds owned investments in T. Rowe Price Group, Inc. (NASDAQ:TROW), worth collectively nearly $314 million. With nearly 1 million shares, Balyasny Asset Management was the company’s leading stakeholder in Q1.

Follow Price T Rowe Group Inc (NASDAQ:TROW)

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