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

T. Rowe Price Group (NASDAQ:TROW) had its price objective cut by Evercore ISI from $116.00 to $106.00 in a research report released on Thursday,MarketScreener reports.

Several other equities research analysts also recently issued reports on TROW. Evercore dropped their target price on T. Rowe Price Group from $116.00 to $106.00 and set an “in-line” rating on the stock in a research report on Thursday. Zacks Research cut T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Morgan Stanley cut their target price on T. Rowe Price Group from $128.00 to $123.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Bank of America upped their price target on T. Rowe Price Group from $85.00 to $86.00 in a research report on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of T. Rowe Price Group in a report on Monday, December 29th. Twelve 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 MarketBeat, T. Rowe Price Group presently has an average rating of “Reduce” and an average target price of $103.50.

T. Rowe Price Group Stock Up 2.8%

Shares of NASDAQ:TROW opened at $94.58 on Thursday. The firm has a market capitalization of $20.64 billion, a PE ratio of 10.22, a P/E/G ratio of 2.24 and a beta of 1.53. The company has a 50-day moving average price of $104.37 and a two-hundred day moving average price of $104.46. T. Rowe Price Group has a twelve month low of $77.85 and a twelve month high of $118.22.

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

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Arif Husain sold 4,260 shares of T. Rowe Price Group 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 in the company, valued at $4,802,519.92. The trade was a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Institutional Trading of T. Rowe Price Group

Hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP increased its stake in T. Rowe Price Group by 137.7% in the second quarter. First Trust Advisors LP now owns 3,441,458 shares of the asset manager’s stock valued at $332,101,000 after acquiring an additional 1,993,920 shares during the last quarter. Norges Bank purchased a new position in shares of T. Rowe Price Group in the 2nd quarter worth about $82,756,000. PFA Pension Forsikringsaktieselskab bought a new position in shares of T. Rowe Price Group during the 4th quarter valued at about $61,073,000. Caisse de depot et placement du Quebec raised its holdings in shares of T. Rowe Price Group by 81.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,306,922 shares of the asset manager’s stock valued at $134,142,000 after buying an additional 584,949 shares in the last quarter. Finally, Anchyra Partners LLC purchased a new position in shares of T. Rowe Price Group during the 4th quarter valued at about $48,012,000. 73.39% of the stock is owned by institutional investors.

Key Stories Impacting T. Rowe Price Group

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

• Positive Sentiment: Argus upgraded TROW to a “hold”, providing some support to the stock amid analyst churn. Zacks/Argus Upgrade
• Positive Sentiment: Company highlighted AUM growth and year‑over‑year revenue increase (helping offset the EPS miss), which reassures investors about underlying asset trends. Earnings Highlights
• Neutral Sentiment: Full Q4 earnings transcript and call are available for detail review — useful for investors assessing fee margins, flows and forward guidance. Q4 Transcript
• Neutral Sentiment: Unusually high options trading noted in the ticker, signaling elevated short‑term speculation/hedging activity around the stock. Options Activity
• Negative Sentiment: Goldman Sachs cut its price target to $90 and maintained a “sell” rating, adding downward pressure by signaling weaker near‑term outlook. Goldman Sachs PT Cut
• Negative Sentiment: Deutsche Bank trimmed its target to $100 and kept a “hold”, contributing to consensus PT compression. Deutsche Bank PT Cut
• Negative Sentiment: Multiple other shops lowered targets or ratings (JPMorgan to $106/underweight; TD Cowen to $97/hold; Evercore to $106/in‑line; KBW to $110/market perform) — the broad analyst downdrift increases downside risk until flow trends and margins clarify. Analyst PT Moves (Benzinga)
• Negative Sentiment: Coverage notes emphasize net outflows and the EPS miss in Q4 as the primary near‑term catalysts for further downgrades if flows remain weak. Seeking Alpha: Outflows & EPS Miss

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.