T. Rowe Price Group (NASDAQ:TROW) Price Target Raised to $121.00

Posted by Geri Gentry on Oct 1st, 2026

T. Rowe Price Group (NASDAQ:TROW – Free Report) had its price objective hoisted by Evercore from $113.00 to $121.00 in a report released on Monday morning.

A number of other equities research analysts have also recently issued reports on TROW. Morgan Stanley lowered their target price on shares of T. Rowe Price Group from $116.00 to $110.00 and set an “equal weight” rating on the stock in a report on Friday, September 25th. The Goldman Sachs Group lifted their price target on T. Rowe Price Group from $90.00 to $92.00 and gave the company a “sell” rating in a research report on Tuesday, June 30th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $115.00 price objective (down from $120.00) on shares of T. Rowe Price Group in a research note on Monday, August 3rd. UBS Group set a $110.00 price objective on T. Rowe Price Group in a report on Monday, August 31st. Finally, BMO Capital Markets raised their target price on T. Rowe Price Group from $110.00 to $120.00 and gave the stock a “market perform” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $105.92.

Get Our Latest Stock Analysis on TROW

T. Rowe Price Group Stock Down 0.4%

TROW opened at $104.05 on Monday. The firm has a 50-day moving average price of $110.38 and a 200-day moving average price of $105.53. T. Rowe Price Group has a twelve month low of $85.22 and a twelve month high of $122.00. The company has a market capitalization of $22.20 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 3.46 and a beta of 1.46.

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The asset manager reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.52 by $0.05. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. T. Rowe Price Group had a net margin of 29.26% and a return on equity of 20.91%. T. Rowe Price Group’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.24 EPS. On average, sell-side analysts expect that T. Rowe Price Group will post 10.15 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Tuesday, September 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is 52.16%.

Insider Transactions at T. Rowe Price Group

In related news, VP Joshua Nelson sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $111.82, for a total transaction of $1,118,200.00. Following the completion of the transaction, the vice president directly owned 71,328 shares in the company, valued at $7,975,896.96. The trade was a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of T. Rowe Price Group

Several institutional investors and hedge funds have recently modified their holdings of TROW. Bank & Trust Co increased its position in shares of T. Rowe Price Group by 52.4% in the second quarter. Bank & Trust Co now owns 314 shares of the asset manager’s stock worth $36,000 after purchasing an additional 108 shares during the last quarter. Motiv8 Investments LLC bought a new stake in T. Rowe Price Group during the fourth quarter valued at approximately $35,000. Keating Financial Advisory Services Inc. bought a new stake in T. Rowe Price Group during the second quarter valued at approximately $39,000. Clearstead Trust LLC purchased a new position in T. Rowe Price Group in the 2nd quarter worth approximately $41,000. Finally, Silvant Capital Management LLC bought a new position in shares of T. Rowe Price Group in the 2nd quarter worth $43,000. Hedge funds and other institutional investors own 73.39% of the company’s stock.

About T. Rowe Price Group

(Get Free Report)

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland. The company provides investment strategies and related services to individual investors, retirement plans, financial intermediaries, institutions, and other clients.

Its offerings include actively managed mutual funds, exchange-traded funds, separately managed accounts, collective investment trusts, and other portfolio solutions. T. Rowe Price invests across equity, fixed-income, multi-asset, and alternative strategies, and also provides retirement planning, asset allocation, advisory, and investment research services.

Founded in 1937 by Thomas Rowe Price Jr., the company serves clients through operations and distribution relationships in the United States and international markets.