T. Rowe Price Group, Inc. (NASDAQ:TROW) Receives $108.31 Average PT from Analysts

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) have earned a consensus recommendation of “Reduce” from the sixteen brokerages that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating and twelve have given a hold rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $107.5385.

A number of analysts have recently weighed in on TROW shares. Evercore ISI upped their price target on shares of T. Rowe Price Group from $115.00 to $116.00 in a research note on Monday, January 12th. Morgan Stanley upped their target price on T. Rowe Price Group from $126.00 to $128.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group decreased their price target on T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on T. Rowe Price Group from $109.00 to $111.00 and gave the stock an “underweight” rating in a research note on Monday, November 3rd. Finally, Barclays decreased their target price on T. Rowe Price Group from $102.00 to $101.00 and set an “underweight” rating for the company in a research note on Thursday.

Key Stories Impacting T. Rowe Price Group

Here are the key news stories impacting T. Rowe Price Group this week:

• Positive Sentiment: Evercore ISI raised its price target to $116 (maintained in-line rating), signaling confidence in TROW’s fundamentals and leaving room for upside from current levels. Evercore PT Raise
• Positive Sentiment: BMO Capital Markets nudged its target to $110 and kept a market-perform view, a modestly constructive signal that helped underpin shares. BMO PT Raise
• Positive Sentiment: Zacks highlights T. Rowe Price’s strong earnings-surprise history and argues the firm has the key attributes to likely beat again, supporting investor expectations for continued outperformance. Zacks Earnings Outlook
• Positive Sentiment: Feature pieces (MSN) position TROW as a strong growth stock and note recent outperformance vs. the market, which can attract momentum and defensive flows into active-asset-manager shares. MSN Growth Piece
• Neutral Sentiment: Benzinga’s roundup of 11 analysts summarizes divergent views on valuation and positioning—useful context but not a single directional catalyst. Benzinga Analyst Roundup
• Neutral Sentiment: Zacks’ market-note that TROW “rises higher than market” simply reports recent intraday strength and summarizes contributing headlines. Zacks Market Note
• Negative Sentiment: Goldman Sachs cut its price target to $95 and kept a sell rating — a clear negative catalyst that increases downside risk and likely contributed to intraday selling pressure. Goldman Sachs Sell
• Negative Sentiment: Barclays trimmed its target to $101 and remains underweight, another bearish analyst signal that pressures sentiment. Barclays Underweight
• Negative Sentiment: Bank of America’s small PT bump to $86 still implies roughly 20% downside vs. current levels, underscoring that some firms see valuation/headwinds that could limit gains. BofA PT

Insider Activity at T. Rowe Price Group

In related news, VP Arif Husain sold 4,260 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total transaction of $434,349.60. Following the completion of the sale, the vice president directly owned 47,102 shares of the company’s stock, valued at $4,802,519.92. This represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Candriam S.C.A. grew its holdings in T. Rowe Price Group by 20.4% during the second quarter. Candriam S.C.A. now owns 30,931 shares of the asset manager’s stock valued at $2,985,000 after purchasing an additional 5,236 shares during the last quarter. Greenspring Advisors LLC acquired a new stake in shares of T. Rowe Price Group in the third quarter worth $1,583,000. Allen Wealth Management LLC boosted its holdings in shares of T. Rowe Price Group by 459.3% during the 3rd quarter. Allen Wealth Management LLC now owns 13,855 shares of the asset manager’s stock worth $1,422,000 after buying an additional 11,378 shares during the period. Amundi grew its stake in T. Rowe Price Group by 16.9% in the 2nd quarter. Amundi now owns 1,607,616 shares of the asset manager’s stock valued at $153,714,000 after buying an additional 232,361 shares during the last quarter. Finally, Confluence Investment Management LLC raised its holdings in T. Rowe Price Group by 2.7% in the 3rd quarter. Confluence Investment Management LLC now owns 973,769 shares of the asset manager’s stock worth $99,948,000 after acquiring an additional 25,316 shares during the period. Institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Stock Performance

Shares of NASDAQ:TROW traded down $0.83 on Friday, hitting $106.49. The company’s stock had a trading volume of 1,892,843 shares, compared to its average volume of 1,530,067. The company has a market capitalization of $23.24 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.52. T. Rowe Price Group has a 12 month low of $77.85 and a 12 month high of $118.32. The stock’s 50-day moving average is $103.69 and its two-hundred day moving average is $104.34.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Friday, October 31st. The asset manager reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.26. The business had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.57 earnings per share. Equities analysts expect that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a $1.27 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.08 annualized dividend and a dividend yield of 4.8%. T. Rowe Price Group’s payout ratio is currently 55.34%.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.