T. Rowe Price Downgraded to “Neutral” at Ticonderoga Securities (TROW)

By
A A A
Share |

Investment advisor T. Rowe Price Group, Inc. ( TROW ) saw its rating cut on Tuesday by analysts at Ticonderoga Securities.

The firm lowered its rating on TROW to "Neutral" from "Buy," noting that "Shattered retail confidence, substantial equity fund outflows, continued passive penetration, and the prospects of a fiduciary standard present near-term headwinds for the mutual fund business. In our opinion, this combination of factors should continue to drive underwhelming flow trends for the publicly traded asset managers. In conjunction with this view, as well as emerging pressure on the 401k business from the SEC and the Department of Labor, we are downgrading our rating."

T. Rowe Price shares fell 48 cents, or -1%, in premarket trading Tuesday.


The Bottom Line
Shares of TROW have a dividend yield of 2.21%, based on last night's closing stock price of $48.76. The stock has technical support in the $43-$45 price area. If the shares can firm up, we see overhead resistance around the $55 price level. We would remain on the sidelines for now.

T. Rowe Price Group, Inc. ( TROW ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: TROW

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Don't Pay Up to Play REITs
Don't Pay Up to Play REITs          

Stocks

Referenced

Most Active by Volume

100,376,898
  • $17.62 ▲ 0.51%
83,231,837
  • $25.62 ▲ 1.91%
75,739,329
  • $111.78 ▼ 0.77%
65,297,937
  • $36.37 ▼ 1.76%
59,053,093
  • $47.66 ▲ 0.29%
53,482,350
  • $2.59 ▼ 0.38%
51,504,284
  • $7.34 ▲ 2.37%
51,434,656
  • $8.14 ▲ 6.96%
As of 12/19/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com