The Manufacturers Life Insurance Company Decreases Position in T. Rowe Price Group, Inc. $TROW

The Manufacturers Life Insurance Company decreased its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,012 shares of the asset manager’s stock after selling 4,993 shares during the period. The Manufacturers Life Insurance Company owned about 0.06% of T. Rowe Price Group worth $12,080,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of TROW. Goldman Sachs Group Inc. boosted its holdings in T. Rowe Price Group by 332.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,770,071 shares of the asset manager’s stock valued at $897,880,000 after purchasing an additional 6,740,172 shares during the period. First Trust Advisors LP raised its position in T. Rowe Price Group by 126.5% in the 4th quarter. First Trust Advisors LP now owns 3,280,854 shares of the asset manager’s stock valued at $335,894,000 after purchasing an additional 1,832,231 shares in the last quarter. Norges Bank acquired a new stake in T. Rowe Price Group in the 4th quarter valued at about $128,283,000. PFA Pension Forsikringsaktieselskab purchased a new position in shares of T. Rowe Price Group in the 4th quarter valued at about $61,073,000. Finally, Caisse de depot et placement du Quebec boosted its stake in shares of T. Rowe Price Group by 81.0% in 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 during the period. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Key Headlines Impacting T. Rowe Price Group

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

• Positive Sentiment: Quarterly results exceeded expectations: T. Rowe Price reported second-quarter revenue of $1.91 billion, up 10.7% year over year, while adjusted EPS of $2.57 topped the $2.52 consensus estimate. T. Rowe Price Q2 Earnings Top Estimates on Higher Revenues and Record AUM
• Positive Sentiment: Assets under management reached a record: Ending AUM was approximately $1.893 trillion, and average AUM increased 15.7% from a year earlier, supporting higher advisory fees and revenue. The company also returned $441 million to shareholders through dividends and repurchases. T. Rowe Price Q2 Earnings and AUM Report
• Neutral Sentiment: Investor focus is on the earnings call and outlook: The quarterly earnings call provided additional context on flows, expenses and the firm’s growth initiatives, which may shape expectations for future asset gathering and profitability. T. Rowe Price Group Q2 2026 Earnings Call Transcript
• Negative Sentiment: Net client outflows remain a key concern: The company recorded approximately $6.5 billion in net outflows during the quarter, suggesting continued pressure on organic growth despite market-driven AUM gains.
• Negative Sentiment: Expenses increased substantially: Operating expenses rose 9.8% year over year to about $1.37 billion, limiting the benefit of stronger revenue and reinforcing concerns about cost control.
• Negative Sentiment: Options activity and broker sentiment were cautious: Put-option purchases were roughly 151% above average, while brokerages maintained a consensus “Reduce” recommendation, adding to near-term selling pressure. T. Rowe Price Consensus Reduce Recommendation

Analysts Set New Price Targets

A number of analysts recently weighed in on TROW shares. The Goldman Sachs Group upped their target price on shares of T. Rowe Price Group from $90.00 to $92.00 and gave the stock a “sell” rating in a research note on Tuesday, June 30th. BMO Capital Markets lifted their price target on shares of T. Rowe Price Group from $98.00 to $110.00 and gave the stock a “market perform” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods boosted their price target on shares of T. Rowe Price Group from $107.00 to $120.00 and gave the stock a “market perform” rating in a report on Friday, July 10th. Evercore set a $121.00 price objective on shares of T. Rowe Price Group in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of T. Rowe Price Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, T. Rowe Price Group has an average rating of “Reduce” and an average target price of $105.08.

T. Rowe Price Group Price Performance

TROW stock opened at $111.75 on Monday. The business has a 50 day moving average price of $111.77 and a 200 day moving average price of $102.11. The stock has a market cap of $23.94 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 4.01 and a beta of 1.47. T. Rowe Price Group, Inc. has a fifty-two week low of $85.22 and a fifty-two week high of $122.00.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Friday, July 31st. The asset manager reported $2.57 EPS for the quarter, beating the consensus estimate of $2.52 by $0.05. T. Rowe Price Group had a net margin of 29.26% and a return on equity of 20.45%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $2.24 earnings per share. The firm’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 10.11 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.7%. The ex-dividend date was Monday, June 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 52.16%.

Insiders Place Their Bets

In related news, VP Stephon A. Jackson sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $102.56, for a total value of $307,680.00. Following the completion of the sale, the vice president directly owned 83,883 shares of the company’s stock, valued at $8,603,040.48. The trade was a 3.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.