5 Best High-Yield Dividend Growth Stocks to Buy Right Now

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

Dividend Yield as of April 27: 5.25%

On April 24, JPMorgan analyst Kenneth Worthington lowered the firm’s price recommendation on T. Rowe Price Group, Inc. (NASDAQ:TROW) to $103 from $106. The firm maintained an Underweight rating on the shares.

On April 17, Barclays also lowered its price target on TROW to $87 from $94 and maintained an Underweight rating. The firm said it updated its asset manager models to reflect full quarterly flow data and assets under management ahead of Q1 reports. The analyst noted that AUM estimates declined due to negative market performance in Q1.

On April 13, T. Rowe reported that assets under management at the end of March were $1.71 trillion, down from $1.80 trillion at the end of the prior month. Net outflows were $3.2 billion for March, compared to $5.3 billion in the previous month. By asset class, equity accounted for $810 billion in AUM as of March 31. Fixed income, including money market, totaled $215 billion. Multi-asset stood at $625 billion, while alternatives came in at $60 billion.

T. Rowe Price Group, Inc. (NASDAQ:TROW) operates as a financial services holding company providing global investment advisory services. It offers strategies across equity, fixed income, multi-asset, and alternatives, serving individuals, advisors, institutions, and retirement plans.