T. Rowe Price Group (NASDAQ:TROW) Price Target Cut to $110.00 by Analysts at Keefe, Bruyette & Woods

T. Rowe Price Group (NASDAQ:TROW) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $115.00 to $110.00 in a report released on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.32% from the company’s current price.

A number of other equities analysts have also recently commented on TROW. JPMorgan Chase & Co. decreased their target price on T. Rowe Price Group from $111.00 to $108.00 and set an “underweight” rating on the stock in a report on Tuesday, January 20th. Zacks Research cut T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. TD Cowen lowered their price objective on 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. The Goldman Sachs Group cut their price objective on T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Finally, Morgan Stanley decreased their target price on shares of T. Rowe Price Group from $128.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Monday. Eleven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $106.00.

T. Rowe Price Group Stock Down 5.4%

Shares of NASDAQ:TROW opened at $97.07 on Thursday. The stock has a market capitalization of $21.18 billion, a PE ratio of 10.57, a price-to-earnings-growth ratio of 2.49 and a beta of 1.53. The firm’s 50 day moving average price is $104.73 and its 200-day moving average price is $104.61. 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 announced its earnings results on Wednesday, February 4th. The asset manager reported $2.44 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the prior year, the company posted $2.12 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

Insider Transactions at T. Rowe Price Group

In other 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 sale, the vice president owned 47,102 shares in the company, valued at $4,802,519.92. This trade represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On T. Rowe Price Group

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in T. Rowe Price Group by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 26,416,718 shares of the asset manager’s stock worth $2,549,213,000 after purchasing an additional 130,325 shares in the last quarter. State Street Corp lifted its position in shares of T. Rowe Price Group by 1.5% in the second quarter. State Street Corp now owns 14,510,271 shares of the asset manager’s stock worth $1,400,241,000 after buying an additional 211,647 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of T. Rowe Price Group by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,846,636 shares of the asset manager’s stock worth $757,200,000 after buying an additional 140,385 shares in the last quarter. Geode Capital Management LLC boosted its stake in T. Rowe Price Group by 3.4% during the second quarter. Geode Capital Management LLC now owns 6,014,236 shares of the asset manager’s stock valued at $578,059,000 after buying an additional 197,024 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in T. Rowe Price Group by 0.3% during the 2nd quarter. Invesco Ltd. now owns 3,444,720 shares of the asset manager’s stock valued at $332,415,000 after buying an additional 11,036 shares in the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.

More T. Rowe Price Group News

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

• Positive Sentiment: Revenue and AUM support — T. Rowe reported revenue up ~6% year-over-year and management highlighted strong assets under management and advisory fee growth, which underpins recurring fee revenue. Strong AUM Growth Amidst Net …
• Neutral Sentiment: Full results and materials available — The company filed its press release and slide deck outlining results and outlook; read the formal release for management commentary and detail. PR Newswire: Q4 and FY2025 Results
• Neutral Sentiment: Earnings call transcript published — The full call transcript and slides are available for investors who want management’s color on flows, expense drivers, and capital allocation. Earnings Call Transcript
• Negative Sentiment: EPS slightly missed estimates — Q4 EPS came in at $2.44 vs. the ~$2.46 consensus, driven in part by higher operating expenses; even a small miss pressured the stock given the sector’s sensitivity to margins. Zacks: Misses Q4 Earnings Estimates
• Negative Sentiment: Net outflows / business-mix concerns — Commentary and analyst notes flagged net outflows and shifts in client flows, which raise near-term revenue visibility despite higher AUM. Seeking Alpha: Net Outflows
• Negative Sentiment: Options activity and analyst moves indicate bearish positioning — Unusually large put buying and Morgan Stanley trimming its price target to $123 (from $128) suggest increased downside caution among some traders and analysts. Benzinga / MarketScreener: Analyst Target Cut

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.