T. Rowe Price Group (NASDAQ:TROW) Given New $106.00 Price Target at Evercore ISI

T. Rowe Price Group (NASDAQ:TROW) had its price objective lowered by Evercore ISI from $116.00 to $106.00 in a research report report published on Thursday, MarketBeat reports. The brokerage currently has an in-line rating on the asset manager’s stock.

TROW has been the topic of a number of other reports. JPMorgan Chase & Co. lowered their target price on T. Rowe Price Group from $111.00 to $108.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 20th. Zacks Research lowered shares of T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Citigroup boosted their target price on shares of T. Rowe Price Group from $105.00 to $107.00 in a research report on Monday, November 3rd. TD Cowen dropped their price target on shares of T. Rowe Price Group from $112.00 to $109.00 and set a “hold” rating on the stock in a research report on Wednesday, January 14th. Finally, Bank of America lifted their price target on T. Rowe Price Group from $85.00 to $86.00 in a research note on Wednesday, January 14th. Eleven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $104.15.

T. Rowe Price Group Trading Down 5.2%

TROW opened at $92.02 on Thursday. The company has a fifty day moving average price of $104.53 and a two-hundred day moving average price of $104.53. T. Rowe Price Group has a 1-year low of $77.85 and a 1-year high of $118.22. The company has a market cap of $20.08 billion, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 2.36 and a beta of 1.53.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Wednesday, February 4th. The asset manager reported $2.44 EPS for the quarter, missing the consensus estimate of $2.47 by ($0.03). T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.36%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $2.12 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, research analysts forecast that T. Rowe Price Group will post 9.29 EPS for the current fiscal year.

Insider Activity at T. Rowe Price Group

In other news, VP Arif Husain sold 4,260 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $101.96, for a total value of $434,349.60. Following the transaction, the vice president owned 47,102 shares in the company, valued at $4,802,519.92. The trade was a 8.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. TD Waterhouse Canada Inc. increased its position in shares of T. Rowe Price Group by 66.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. TD Private Client Wealth LLC grew its position in T. Rowe Price Group by 91.8% during the fourth quarter. TD Private Client Wealth LLC now owns 257 shares of the asset manager’s stock valued at $26,000 after buying an additional 123 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in T. Rowe Price Group by 540.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock worth $29,000 after buying an additional 238 shares during the last quarter. Root Financial Partners LLC bought a new stake in T. Rowe Price Group in the third quarter worth about $30,000. Finally, Vermillion & White Wealth Management Group LLC boosted its stake in T. Rowe Price Group by 120.0% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 319 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 174 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

More T. Rowe Price Group News

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

• Positive Sentiment: Higher AUM and advisory fees help revenue growth and partially support margins — firm reported revenue roughly in line with expectations and year-over-year AUM growth. Q4 highlights
• Positive Sentiment: Full press release and slide deck show overall revenue up ~6% YoY, useful for medium-term AUM-driven fee growth thesis. Press Release
• Neutral Sentiment: Q4 earnings call transcript and presentation are available for deeper detail on flows, margins and guidance — worth reviewing for investor takeaways. Earnings call transcript
• Neutral Sentiment: Analysts collectively trimmed targets (KBW, Evercore, JPMorgan, TD Cowen) — some cuts leave meaningful upside to current price but reflect increased caution on flows and margins. Analyst notes roundup
• Negative Sentiment: Q4 EPS missed by $0.03 (reported $2.44 vs. $2.47 estimate) and operating expenses rose year-over-year, pressuring near-term profitability. Earnings and expense coverage
• Negative Sentiment: Net outflows were highlighted in coverage and analysts cited persistent flow challenges as a reason for lower targets — a key risk for fee revenue and valuation. Net outflows article
• Negative Sentiment: Unusually large put option activity was recorded ahead of/after the print, indicating elevated bearish positioning by some traders. (Market option flow report)
• Negative Sentiment: Specific analyst moves: JPMorgan cut PT to $106 and set an “underweight”, TD Cowen cut to $97 (“hold”) — these more bearish actions likely amplified selling pressure. Analyst actions

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.