T. Rowe Price Group (NASDAQ:TROW) Stock Unloaded Rep. Kevin Hern

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of T. Rowe Price Group, Inc. (NASDAQ:TROW). In a filing disclosed on April 03rd, the Representative disclosed that they had sold between $15,001 and $50,000 in T. Rowe Price Group stock on March 20th. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Exact Sciences (NASDAQ:EXAS) on 3/24/2026.
• Sold $50,001 – $100,000 in shares of Prologis (NYSE:PLD) on 3/20/2026.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 3/20/2026.
• Sold $500,001 – $1,000,000 in shares of Smartstop Self Storage REIT (NYSE:SMA) on 3/18/2026.
• Sold $500,001 – $1,000,000 in shares of Texas Instruments (NASDAQ:TXN) on 3/18/2026.
• Sold $50,001 – $100,000 in shares of BlackRock MuniAssets Fund (NYSE:MUA) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Cognizant Technology Solutions (NASDAQ:CTSH) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Invesco (NYSE:IVZ) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Becton, Dickinson and Company (NYSE:BDX) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Comcast (NASDAQ:CMCSA) on 3/17/2026.

T. Rowe Price Group Price Performance

TROW traded down $1.47 during trading hours on Tuesday, reaching $87.86. The company’s stock had a trading volume of 489,511 shares, compared to its average volume of 2,326,256. T. Rowe Price Group, Inc. has a fifty-two week low of $79.01 and a fifty-two week high of $118.22. The stock has a market cap of $19.12 billion, a PE ratio of 9.49, a P/E/G ratio of 3.80 and a beta of 1.50. The business’s 50-day moving average is $93.25 and its 200-day moving average is $100.10.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly 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 return on equity of 20.29% and a net margin of 28.53%.The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the company earned $2.12 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a $1.30 dividend. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, March 16th. T. Rowe Price Group’s payout ratio is currently 56.22%.

Hedge Funds Weigh In On T. Rowe Price Group

Large investors have recently bought and sold shares of the business. TD Private Client Wealth LLC increased its holdings in T. Rowe Price Group by 91.8% in 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 last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its stake in T. Rowe Price Group by 540.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 238 shares in the last quarter. Root Financial Partners LLC acquired a new position in T. Rowe Price Group in the third quarter valued at $30,000. Canton Hathaway LLC acquired a new position in T. Rowe Price Group in the fourth quarter valued at $31,000. Finally, Sound Income Strategies LLC boosted its stake in T. Rowe Price Group by 170.3% in the fourth quarter. Sound Income Strategies LLC now owns 300 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TROW shares. Morgan Stanley decreased their price target on T. Rowe Price Group from $115.00 to $107.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 1st. TD Cowen cut their price objective on T. Rowe Price Group from $109.00 to $97.00 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft cut their price objective on T. Rowe Price Group from $106.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Keefe, Bruyette & Woods cut their price objective on T. Rowe Price Group from $115.00 to $110.00 and set a “market perform” rating on the stock in a research report on Thursday, February 5th. Finally, Barclays set a $94.00 price objective on T. Rowe Price Group in a research report on Thursday, February 5th. Twelve research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $100.31.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.