T. Rowe Price Group (NASDAQ:TROW) Price Target Lowered to $97.00 at TD Cowen

T. Rowe Price Group (NASDAQ:TROW) had its price target reduced by research analysts at TD Cowen from $109.00 to $97.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “hold” rating on the asset manager’s stock. TD Cowen’s price target would indicate a potential upside of 5.02% from the company’s current price.

A number of other research firms have also weighed in on TROW. Bank of America upped their target price on shares of T. Rowe Price Group from $85.00 to $86.00 in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of T. Rowe Price Group in a research note on Monday, December 29th. Citigroup lifted their target price on T. Rowe Price Group from $105.00 to $107.00 in a research report on Monday, November 3rd. Morgan Stanley lowered their price target on T. Rowe Price Group from $128.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, The Goldman Sachs Group dropped their price objective on T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating on the stock in a research note on Wednesday, January 14th. Eleven investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, T. Rowe Price Group has a consensus rating of “Reduce” and an average price target of $104.15.

T. Rowe Price Group Stock Performance

T. Rowe Price Group stock traded down $4.66 during mid-day trading on Thursday, reaching $92.36. The stock had a trading volume of 2,179,685 shares, compared to its average volume of 2,012,978. The firm has a market capitalization of $20.16 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 2.49 and a beta of 1.53. T. Rowe Price Group has a fifty-two week low of $77.85 and a fifty-two week high of $118.22. The stock’s 50-day simple moving average is $104.73 and its 200-day simple moving average is $104.61.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). T. Rowe Price Group had a return on equity of 19.95% and a net margin of 28.89%.The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. T. Rowe Price Group’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts forecast that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Arif Husain sold 4,260 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $101.96, for a total transaction of $434,349.60. Following the sale, the vice president owned 47,102 shares of the company’s stock, valued at approximately $4,802,519.92. This represents a 8.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% 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. TD Waterhouse Canada Inc. increased its position in shares of T. Rowe Price Group by 66.7% in the second quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its stake in T. Rowe Price Group by 540.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. Root Financial Partners LLC purchased a new stake in T. Rowe Price Group during the third quarter valued at about $30,000. Vermillion & White Wealth Management Group LLC lifted its stake in T. Rowe Price Group by 120.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 319 shares of the asset manager’s stock worth $31,000 after purchasing an additional 174 shares during the last quarter. Finally, Canton Hathaway LLC purchased a new position in shares of T. Rowe Price Group in the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group News Roundup

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

• Positive Sentiment: Revenue and AUM showed underlying strength — Q4 revenue rose ~6% year-over-year and management highlighted higher AUM and advisory fee growth that provide support to earnings power. Earnings Highlights
• Neutral Sentiment: The company released its full Q4/FY2025 press release, slide deck and earnings call materials for investors to review — useful for judging trends in flows, fees and expenses. Press Release
• Negative Sentiment: Small EPS miss and rising operating costs — Q4 EPS of $2.44 missed consensus by $0.03, and analysts/coverage noted higher operating expenses that pressured margins. That headline has prompted near-term selling. Zacks Earnings
• Negative Sentiment: Net outflows flagged by analysts/commentary — coverage noted the EPS miss reflects ongoing net outflows in the quarter, a key operational risk for asset managers that can weigh on sentiment. Seeking Alpha
• Negative Sentiment: Analysts trimmed targets and maintained cautious ratings — Evercore ISI cut its target to $106 (in-line) and KBW lowered its PT to $110 (market perform), signaling tepid near-term expectations and contributing to downside pressure. The Fly Street Insider
• Negative Sentiment: Unusually large put-option activity — elevated put buying was reported into the print, indicating some investors positioned for further downside in the near term (potentially amplifying selling pressure).

About T. Rowe Price Group

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.