5 Safe Dividend Stocks to Buy Today

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

Number of Hedge Fund Holders: 30

Dividend Yield as of March 4: 3.44%

Number of Years of Dividend Increases: 36

Rowe Price Group, Inc. (NASDAQ:TROW) manages equity and fixed income mutual funds for individuals, institutional investors, retirement plans, financial intermediaries, and institutions. In Q4 2021, 30 hedge funds were long T. Rowe Price Group, Inc. (NASDAQ:TROW), as compared to 35 funds in the previous quarter. Of those 30 funds, AQR Capital Management held the largest stake in the company, with 710,753 shares worth roughly $140 million. 

On January 27, T. Rowe Price Group, Inc. (NASDAQ:TROW) reported its Q4 results, announcing EPS of $3.17, surpassing consensus estimates by $0.04. Revenue over the period came in at $1.96 billion, up 13.20% year-on-year, and surpassing market predictions by $19.12 million. 

Rowe Price Group, Inc. (NASDAQ:TROW) declared on February 8 a $1.20 per share quarterly dividend, an 11.1% increase from its prior dividend of $1.08. The dividend is payable on March 30, for shareholders of record on March 15. T. Rowe Price Group, Inc. (NASDAQ:TROW) delivers a yield of 3.44% as of March 4. 

BMO Capital analyst James Fotheringham lowered the price target on T. Rowe Price Group, Inc. (NASDAQ:TROW) to $198 from $240 on January 28 but kept an ‘Outperform’ rating on the shares. The company’s Q4 earnings were roughly in line, but its asset flows disappointed, with further outflows expected in the near term, the analyst told investors in a research note. He sees upside in the stock’s valuation, which now implies that outflows will persist.