Since its peak last December, the S&P 500 index is 14% off of its 52-week high. Recession and inflation-related concerns have played a large role in this decline.

Yey some stocks have fared much worse than the S&P 500. The asset manager and Dividend Aristocrat T. Rowe Price Group (NASDAQ: TROW) is among this group, with a whopping 44% plunge from its 52-week high last November.

Has the downturn in the broader market created a buying opportunity in T. Rowe Price? Let's take a look at the asset manager's fundamentals and valuation to find out.

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Source Fool.com