20 Worst Dividend Aristocrat Stocks According to Analysts

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

Average Analyst Rating Score: 4

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a Maryland-based asset management company with nearly $1.54 trillion in assets under management (AUM) as of May. Though the company’s AUM grew from $149 trillion a month ago, they are significantly impacted by market fluctuations. Analysts have a cautious outlook on the stock due to the company’s record-high outflows, exceeding $80 billion by the end of 2023. Moreover, in the first quarter of 2024, net outflows totaled $8 billion and they are expected to continue through 2024. However, the company expects to balance these outflows with higher sales and lower redemptions.

T. Rowe Price Group, Inc. (NASDAQ:TROW) experienced significant outflows as a result of poor performance exacerbated by higher interest rates aimed at controlling inflation, geopolitical instability, and market uncertainty. The recent quarter market the company’s 12th consecutive quarter of outflows, totaling over $148 billion leaving the platform since early 2022. Street analysts have maintained a consensus Sell rating on the stock with a $114 price target, which reflected a 1% downside potential.

On May 7, T. Rowe Price Group, Inc. (NASDAQ:TROW) declared a quarterly dividend of $1.24 per share, which fell in line with its previous dividend. Overall, the company maintains a 38-year streak of consistent dividend growth. The stock’s dividend yield on June 14 came in at 4.32%.

T. Rowe Price Group, Inc. (NASDAQ:TROW) was included in 24 hedge fund portfolios at the end of Q1 2024, down significantly from 32 in the previous quarter, as per Insider Monkey’s database. The stakes held by these hedge funds have a collective value of over $938 million. With nearly 3 million shares, Citadel Investment Group was the company’s leading stakeholder in Q1.