T. Rowe Price Group (NASDAQ:TROW) Price Target Cut to $97.00 by Analysts at TD Cowen

T. Rowe Price Group (NASDAQ:TROW) had its price target lowered by TD Cowen from $109.00 to $97.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a hold rating on the asset manager’s stock.

A number of other research analysts also recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating on the stock in a research report on Wednesday, January 14th. Evercore ISI reduced their price target on shares of T. Rowe Price Group from $116.00 to $106.00 and set an “in-line” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods lowered their price objective on shares of T. Rowe Price Group from $115.00 to $110.00 and set a “market perform” rating for the company in a report on Thursday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of T. Rowe Price Group in a research report on Monday, December 29th. Finally, BMO Capital Markets increased their target price on T. Rowe Price Group from $108.00 to $110.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 13th. Eleven equities research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, T. Rowe Price Group currently has an average rating of “Reduce” and an average target price of $104.15.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $92.02 on Thursday. The stock’s 50-day moving average is $104.53 and its 200 day moving average is $104.53. The company has a market cap of $20.08 billion, a PE ratio of 9.95, a P/E/G ratio of 2.36 and a beta of 1.53. T. Rowe Price Group has a 1 year low of $77.85 and a 1 year high of $118.22.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings data on Wednesday, February 4th. The asset manager reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). The business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.92 billion. T. Rowe Price Group had a return on equity of 20.36% and a net margin of 28.53%.T. Rowe Price Group’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.12 earnings per share. Analysts expect that T. Rowe Price Group will post 9.29 EPS for the current fiscal year.

Insider Activity

In other news, VP Arif Husain sold 4,260 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $101.96, for a total value of $434,349.60. Following the sale, the vice president directly owned 47,102 shares of the company’s stock, valued at $4,802,519.92. The trade was a 8.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC grew its stake in shares of 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 worth $26,000 after acquiring an additional 123 shares during the last quarter. RiverFront Investment Group LLC grew its position in T. Rowe Price Group by 4.2% during the 4th quarter. RiverFront Investment Group LLC now owns 7,712 shares of the asset manager’s stock valued at $790,000 after purchasing an additional 312 shares during the last quarter. North Dakota State Investment Board bought a new stake in T. Rowe Price Group during the 4th quarter valued at about $768,000. Independent Solutions Wealth Management LLC increased its stake in T. Rowe Price Group by 6.9% during the 4th quarter. Independent Solutions Wealth Management LLC now owns 2,162 shares of the asset manager’s stock valued at $221,000 after purchasing an additional 140 shares in the last quarter. Finally, iA Global Asset Management Inc. raised its holdings in T. Rowe Price Group by 8.8% in the fourth quarter. iA Global Asset Management Inc. now owns 19,118 shares of the asset manager’s stock worth $1,957,000 after buying an additional 1,554 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Trending Headlines about T. Rowe Price Group

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

• Positive Sentiment: Higher AUM and advisory fees help revenue growth and partially support margins — firm reported revenue roughly in line with expectations and year-over-year AUM growth. Q4 highlights
• Positive Sentiment: Full press release and slide deck show overall revenue up ~6% YoY, useful for medium-term AUM-driven fee growth thesis. Press Release
• Neutral Sentiment: Q4 earnings call transcript and presentation are available for deeper detail on flows, margins and guidance — worth reviewing for investor takeaways. Earnings call transcript
• Neutral Sentiment: Analysts collectively trimmed targets (KBW, Evercore, JPMorgan, TD Cowen) — some cuts leave meaningful upside to current price but reflect increased caution on flows and margins. Analyst notes roundup
• Negative Sentiment: Q4 EPS missed by $0.03 (reported $2.44 vs. $2.47 estimate) and operating expenses rose year-over-year, pressuring near-term profitability. Earnings and expense coverage
• Negative Sentiment: Net outflows were highlighted in coverage and analysts cited persistent flow challenges as a reason for lower targets — a key risk for fee revenue and valuation. Net outflows article
• Negative Sentiment: Unusually large put option activity was recorded ahead of/after the print, indicating elevated bearish positioning by some traders. (Market option flow report)
• Negative Sentiment: Specific analyst moves: JPMorgan cut PT to $106 and set an “underweight”, TD Cowen cut to $97 (“hold”) — these more bearish actions likely amplified selling pressure. Analyst actions

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.