June 24, 2013 at 10:12 AM EDT
Citigroup Upgrades T. Rowe Price to “Buy” (TROW)

According to Citigroup analysts, U.S retail investors are beginning to invest more cash into domestic equities. As such, the analysts upgraded asset management firm T. Rowe Price Group, Inc. (TROW) on Monday.

The analysts upgraded TROW to “Buy” and see shares reaching $82. This price target suggests a 14% upside to the stock’s Friday closing price of $72.07.

T. Rowe Price shares were down $1.46, or 2.03%, during morning trading on Monday. The stock is up 8.87% year-to-date.

The Bottom Line
Shares of T. Rowe Price Group (TROW) have a dividend yield of 2.14% based on Monday’s intraday trading price of $70.97 and the company’s annualized dividend payout of $1.52 per share.

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.

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