T. Rowe Price Group stock hits 52-week high at 121.18 USD

T. Rowe Price Group Inc. (TROW) stock reached a new 52-week high of $121.18, currently trading at $121.03, representing a nearly 20% year-to-date return. InvestingPro analysis suggests the stock is undervalued with potential for further upside, highlighted by a 1-year change of 15.31% and a dividend yield of 4.36% with 41 consecutive years of dividend payments. The company also reported $1.89 trillion in assets under management as of June 30, with net inflows of $0.8 billion for the month, and announced leadership changes including Mike Barry as head of Global Marketing and Eric Veiel as president.