Keefe, Bruyette & Woods Issues Positive Forecast for T. Rowe Price Group (NASDAQ:TROW) Stock Price

T. Rowe Price Group (NASDAQ:TROW) had its price objective lifted by Keefe, Bruyette & Woods from $95.00 to $107.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a market perform rating on the asset manager’s stock.

TROW has been the subject of a number of other research reports. Morgan Stanley set a $105.00 price target on T. Rowe Price Group in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price target on T. Rowe Price Group from $106.00 to $100.00 and set a “hold” rating for the company in a research note on Thursday, February 5th. JPMorgan Chase & Co. cut their price target on T. Rowe Price Group from $106.00 to $103.00 and set an “underweight” rating for the company in a research note on Friday, April 24th. BMO Capital Markets cut their price target on T. Rowe Price Group from $104.00 to $98.00 and set a “market perform” rating for the company in a research note on Friday, April 10th. Finally, Evercore set a $104.00 price target on T. Rowe Price Group in a research note on Friday. Ten equities research analysts have rated the stock with a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, T. Rowe Price Group has a consensus rating of “Reduce” and an average price target of $98.62.

T. Rowe Price Group Trading Up 0.5%

T. Rowe Price Group stock traded up $0.54 during midday trading on Friday, reaching $103.42. The stock had a trading volume of 2,252,173 shares, compared to its average volume of 2,038,838. T. Rowe Price Group has a 12 month low of $85.22 and a 12 month high of $118.22. The company has a market capitalization of $22.51 billion, a P/E ratio of 11.18, a PEG ratio of 4.50 and a beta of 1.51. The company has a fifty day moving average price of $92.87 and a two-hundred day moving average price of $99.28.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Thursday, April 30th. The asset manager reported $2.52 EPS for the quarter, beating analysts’ consensus estimates of $2.37 by $0.15. T. Rowe Price Group had a return on equity of 20.67% and a net margin of 28.28%.The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same period in the previous year, the company posted $2.23 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, equities research analysts predict that T. Rowe Price Group will post 9.6 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.0%. T. Rowe Price Group’s dividend payout ratio (DPR) is 56.22%.

Institutional Trading of T. Rowe Price Group

A number of hedge funds have recently bought and sold shares of TROW. Goldman Sachs Group Inc. lifted its holdings in T. Rowe Price Group by 332.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 8,770,071 shares of the asset manager’s stock worth $897,880,000 after acquiring an additional 6,740,172 shares during the period. First Trust Advisors LP lifted its holdings in T. Rowe Price Group by 126.5% during the fourth quarter. First Trust Advisors LP now owns 3,280,854 shares of the asset manager’s stock worth $335,894,000 after acquiring an additional 1,832,231 shares during the period. Norges Bank bought a new stake in T. Rowe Price Group during the fourth quarter worth $128,283,000. PFA Pension Forsikringsaktieselskab bought a new stake in T. Rowe Price Group during the fourth quarter worth $61,073,000. Finally, Caisse de depot et placement du Quebec lifted its holdings in T. Rowe Price Group by 81.0% during the third quarter. Caisse de depot et placement du Quebec now owns 1,306,922 shares of the asset manager’s stock worth $134,142,000 after acquiring an additional 584,949 shares during the period. 73.39% of the stock is currently owned by institutional investors.

Key Headlines Impacting T. Rowe Price Group

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

• Positive Sentiment: Q1 earnings beat and strong profitability — T. Rowe reported $2.52 EPS vs. $2.37 consensus, with revenue roughly in line (~$1.86B) and healthy margins/ROE, supporting upside to the stock. Read More.
• Positive Sentiment: Profit growth despite flows — Management said rising asset values helped offset client outflows, producing higher profit for the quarter, which investors view as resilience in fee revenue. Read More.
• Positive Sentiment: Analyst price-target increase — Keefe, Bruyette & Woods raised its price target to $107 (from $95) while keeping a “market perform” rating, signaling modest analyst confidence but constrained upside. Read More.
• Neutral Sentiment: Mixed AUM and fee trends — Coverage highlights rising advisory fees and year‑over‑year AUM growth in some reports, while others note quarter‑level AUM declines and client outflows; this creates ambiguity on near‑term fee trajectory. Read More. Read More.
• Neutral Sentiment: Earnings materials and transparency — The company released its slide deck and call transcript, giving investors detail on fee mix, flows and cost dynamics to assess sustainability of margins. Read More.
• Negative Sentiment: Conflicting revenue coverage — At least one outlet flagged a revenue miss for Q1, adding short‑term headline risk and fueling some sell‑side debate over near‑term growth momentum. Read More.

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.