Q1 EPS Estimate for T. Rowe Price Group Lifted by Analyst

T. Rowe Price Group, Inc. (NASDAQ:TROW) – Investment analysts at Zacks Research lifted their Q1 2027 earnings per share estimates for shares of T. Rowe Price Group in a report issued on Tuesday, June 10th. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings of $2.23 per share for the quarter, up from their prior estimate of $2.22. The consensus estimate for T. Rowe Price Group’s current full-year earnings is $9.29 per share.

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

TROW has been the topic of a number of other research reports. TD Cowen lowered their price objective on T. Rowe Price Group from $112.00 to $89.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. Cowen reiterated a “hold” rating on shares of T. Rowe Price Group in a research report on Monday, May 5th. Morgan Stanley lifted their price target on shares of T. Rowe Price Group from $94.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 6th. Evercore ISI reduced their price target on shares of T. Rowe Price Group from $104.00 to $80.00 and set an “in-line” rating for the company in a research report on Friday, April 11th. Finally, Citigroup reduced their price target on shares of T. Rowe Price Group from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a sell rating and nine have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $94.09.

T. Rowe Price Group Trading Down 0.5%

Shares of TROW opened at $94.58 on Thursday. T. Rowe Price Group has a twelve month low of $77.85 and a twelve month high of $125.81. The stock’s 50 day moving average is $91.43 and its two-hundred day moving average is $102.81. The firm has a market capitalization of $20.84 billion, a PE ratio of 10.33, a P/E/G ratio of 2.86 and a beta of 1.49.

T. Rowe Price Group Announces Dividend

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

Insider Buying and Selling

In other T. Rowe Price Group news, VP Dorothy C. Sawyer sold 2,000 shares of the business’s stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $95.43, for a total value of $190,860.00. Following the completion of the transaction, the vice president now directly owns 44,789 shares in the company, valued at approximately $4,274,214.27. The trade was a 4.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert F. Maclellan sold 3,955 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 42,979 shares of the company’s stock, valued at $3,935,157.24. This trade represents a 8.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,923 shares of company stock worth $646,856 in the last ninety days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Glenview Trust co grew its stake in shares of T. Rowe Price Group by 2.2% during the 4th quarter. Glenview Trust co now owns 4,318 shares of the asset manager’s stock valued at $488,000 after buying an additional 92 shares during the period. Addison Advisors LLC raised its stake in shares of T. Rowe Price Group by 67.4% in the 4th quarter. Addison Advisors LLC now owns 231 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. Advantage Trust Co raised its stake in shares of T. Rowe Price Group by 48.8% in the 4th quarter. Advantage Trust Co now owns 305 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. Valeo Financial Advisors LLC raised its stake in T. Rowe Price Group by 3.5% during the fourth quarter. Valeo Financial Advisors LLC now owns 2,996 shares of the asset manager’s stock worth $339,000 after acquiring an additional 102 shares during the period. Finally, Strategy Asset Managers LLC raised its stake in T. Rowe Price Group by 5.0% during the fourth quarter. Strategy Asset Managers LLC now owns 2,277 shares of the asset manager’s stock worth $258,000 after acquiring an additional 108 shares during the period. 73.39% of the stock is currently owned by institutional investors and hedge funds.

About T. Rowe Price Group

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.