TD Cowen Has Lowered Expectations for T. Rowe Price Group (NASDAQ:TROW) Stock Price

Posted by Brian Himes on Oct 30th, 2026

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) had its target price cut by research analysts at TD Cowen from $109.00 to $96.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the asset manager’s stock. TD Cowen‘s price target would indicate a potential downside of 7.60% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets decreased their price objective on T. Rowe Price Group from $120.00 to $110.00 and set a “market perform” rating for the company in a report on Tuesday, October 13th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $113.00 price target (up from $112.00) on shares of T. Rowe Price Group in a research note on Friday. UBS Group assumed coverage on shares of T. Rowe Price Group in a research report on Wednesday, October 7th. They issued a “neutral” rating and a $107.00 target price on the stock. Weiss Ratings raised shares of T. Rowe Price Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Finally, Evercore set a $109.00 target price on T. Rowe Price Group in a research report on Friday, October 9th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $103.08.

Read Our Latest Research Report on T. Rowe Price Group

T. Rowe Price Group Stock Down 2.6%

TROW traded down $2.73 during trading on Friday, reaching $103.90. 3,548,870 shares of the stock traded hands, compared to its average volume of 2,071,218. T. Rowe Price Group has a 12 month low of $85.22 and a 12 month high of $122.00. The stock has a market capitalization of $22.16 billion, a PE ratio of 10.42, a P/E/G ratio of 3.04 and a beta of 1.45. The stock’s 50-day moving average is $105.82 and its 200 day moving average is $103.72.

T. Rowe Price Group (NASDAQ:TROW – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The asset manager reported $2.86 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.23. T. Rowe Price Group had a net margin of 29.26% and a return on equity of 20.91%. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $2.81 earnings per share. The business’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts anticipate that T. Rowe Price Group will post 10.08 EPS for the current year.

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 that occurred on Tuesday, August 25th. The shares were sold at an average price of $111.82, for a total value of $1,118,200.00. Following the completion of the transaction, the vice president owned 71,328 shares of the company’s stock, valued at $7,975,896.96. The trade was a 12.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On T. Rowe Price Group

A number of large investors have recently made changes to their positions in TROW. BlackRock Inc. purchased a new position in shares of T. Rowe Price Group in the second quarter worth $2,728,119,000. State Street Corp boosted its position in T. Rowe Price Group by 2.7% during the second quarter. State Street Corp now owns 14,653,478 shares of the asset manager’s stock worth $1,665,954,000 after acquiring an additional 381,183 shares during the last quarter. First Trust Advisors LP boosted its position in shares of T. Rowe Price Group by 12.6% during the 1st quarter. First Trust Advisors LP now owns 3,694,171 shares of the asset manager’s stock valued at $332,993,000 after acquiring an additional 413,317 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of T. Rowe Price Group by 20.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,150,561 shares of the asset manager’s stock valued at $358,187,000 after acquiring an additional 524,544 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in T. Rowe Price Group by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,124,696 shares of the asset manager’s stock worth $191,512,000 after purchasing an additional 37,642 shares during the period. 73.39% of the stock is owned by institutional investors and hedge funds.

Key T. Rowe Price Group News

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

Positive Sentiment: Third-quarter adjusted earnings of $2.86 per share exceeded the $2.63 consensus estimate, while revenue reached approximately $2.0 billion versus expectations of $1.98 billion. Revenue increased 5.9% year over year, supported by higher advisory fees. T. Rowe Price Q3 Earnings and Revenues Surpass Estimates
Positive Sentiment: Keefe, Bruyette & Woods reaffirmed its “market perform” rating but raised its price target to $113 from $112, implying approximately 8.8% potential upside based on the referenced price. Keefe, Bruyette & Woods Ratings
Neutral Sentiment: T. Rowe Price is expanding its wealth-management operation with more than 50 new roles. The initiative could diversify growth and strengthen distribution over time, although added staffing costs may weigh on near-term efficiency. T. Rowe Price Adds Over 50 Wealth Management Roles
Negative Sentiment: The earnings beat was offset by substantial client outflows and a decline in AUM during the quarter. Persistent redemptions are a key concern for an asset manager because they reduce fee-generating assets and could limit future revenue growth. T. Rowe Price Q3 Earnings, Revenue Beat Even as AUM Dips

T. Rowe Price Group Company Profile

(Get Free Report)

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland. Founded in 1937 by Thomas Rowe Price Jr., the company provides investment strategies and advisory services to individual investors, retirement plans, financial intermediaries, institutions and other clients.

The company offers a range of actively managed and multi-asset investment products, including mutual funds, exchange-traded funds, separately managed accounts and other portfolio solutions.