Zacks Research Issues Optimistic Estimate for TROW Earnings

T. Rowe Price Group, Inc. (NASDAQ:TROWFree Report) – Research analysts at Zacks Research raised their Q1 2026 earnings per share estimates for shares of T. Rowe Price Group in a research report issued on Tuesday, June 10th. Zacks Research analyst R. Department now expects that the asset manager will earn $2.07 per share for the quarter, up from their previous estimate of $2.05. The consensus estimate for T. Rowe Price Group’s current full-year earnings is $9.29 per share. Zacks Research also issued estimates for T. Rowe Price Group’s Q2 2026 earnings at $2.07 EPS, FY2026 earnings at $8.46 EPS and FY2027 earnings at $8.84 EPS.

T. Rowe Price Group (NASDAQ:TROWGet Free Report) last posted its quarterly earnings data on Friday, May 2nd. The asset manager reported $2.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.10. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.80 billion. T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.38 EPS.

A number of other analysts have also recently commented on TROW. Cowen restated a “hold” rating on shares of T. Rowe Price Group in a research report on Monday, May 5th. Morgan Stanley increased their price objective on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their price objective on shares of T. Rowe Price Group from $116.00 to $98.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. TD Cowen cut their target price on shares of T. Rowe Price Group from $112.00 to $89.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Finally, Barclays raised their target price on shares of T. Rowe Price Group from $85.00 to $90.00 and gave the company an “underweight” rating in a research note on Monday, May 5th. Four research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $94.09.

Get Our Latest Stock Analysis on TROW

T. Rowe Price Group Stock Performance

Shares of T. Rowe Price Group stock opened at $94.58 on Friday. The firm has a fifty day moving average of $91.43 and a two-hundred day moving average of $102.81. The stock has a market capitalization of $20.84 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 2.86 and a beta of 1.49. T. Rowe Price Group has a 52 week low of $77.85 and a 52 week high of $125.81.

T. Rowe Price Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $1.27 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $5.08 dividend on an annualized basis and a yield of 5.37%. T. Rowe Price Group’s dividend payout ratio (DPR) is 57.60%.

Insider Activity at T. Rowe Price Group

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,955 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $91.56, for a total value of $362,119.80. Following the sale, the director now owns 42,979 shares in the company, valued at $3,935,157.24. This trade represents a 8.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Dorothy C. Sawyer sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $95.43, for a total transaction of $190,860.00. Following the completion of the sale, the vice president now owns 44,789 shares in the company, valued at $4,274,214.27. This represents a 4.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,923 shares of company stock valued at $646,856 over the last three months. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On T. Rowe Price Group

Hedge funds have recently modified their holdings of the business. Norges Bank acquired a new position in T. Rowe Price Group in the fourth quarter valued at $117,704,000. Invesco Ltd. grew its holdings in shares of T. Rowe Price Group by 43.2% in the first quarter. Invesco Ltd. now owns 3,433,684 shares of the asset manager’s stock valued at $315,453,000 after acquiring an additional 1,035,865 shares in the last quarter. Marshall Wace LLP bought a new stake in T. Rowe Price Group in the fourth quarter worth about $63,284,000. Charles Schwab Investment Management Inc. raised its position in T. Rowe Price Group by 7.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 7,706,251 shares of the asset manager’s stock worth $707,973,000 after acquiring an additional 519,075 shares during the period. Finally, Fayez Sarofim & Co raised its position in shares of T. Rowe Price Group by 7.6% in the fourth quarter. Fayez Sarofim & Co now owns 6,052,469 shares of the asset manager’s stock valued at $684,474,000 after purchasing an additional 425,142 shares during the period. Institutional investors and hedge funds own 73.39% of the company’s stock.

About T. Rowe Price Group

(Get Free Report)

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

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Earnings History and Estimates for T. Rowe Price Group (NASDAQ:TROW)

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