The Goldman Sachs Group Cuts T. Rowe Price Group (NASDAQ:TROW) Price Target to $95.00

T. Rowe Price Group (NASDAQ:TROW) had its target price cut by The Goldman Sachs Group from $97.00 to $95.00 in a research report released on Wednesday morning,MarketScreener reports. They currently have a sell rating on the asset manager’s stock.

TROW has been the subject of several other reports. Evercore ISI dropped their price target on T. Rowe Price Group from $118.00 to $115.00 and set an “in-line” rating for the company in a research note on Friday, December 5th. Bank of America upped their target price on shares of T. Rowe Price Group from $85.00 to $86.00 in a research report on Wednesday. BMO Capital Markets started coverage on shares of T. Rowe Price Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $108.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of T. Rowe Price Group in a research note on Monday, December 29th. Finally, Citigroup raised their price objective on T. Rowe Price Group from $105.00 to $107.00 in a research report on Monday, November 3rd. Twelve investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $107.54.

T. Rowe Price Group Stock Down 0.8%

NASDAQ TROW opened at $106.49 on Wednesday. T. Rowe Price Group has a 52 week low of $77.85 and a 52 week high of $118.32. The company has a market capitalization of $23.24 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.58 and a beta of 1.52. The stock’s 50-day moving average price is $103.69 and its 200-day moving average price is $104.30.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, October 31st. The asset manager reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.26. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.88 billion. T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.57 EPS. Research analysts anticipate that T. Rowe Price Group will post 9.29 EPS for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, December 15th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 55.34%.

Insider Activity

In other T. Rowe Price Group news, VP Arif Husain sold 4,260 shares of T. Rowe Price Group stock in a transaction 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by insiders.

Hedge Funds Weigh In On T. Rowe Price Group

A number of hedge funds have recently bought and sold shares of TROW. TD Waterhouse Canada Inc. increased its position in shares of T. Rowe Price Group by 66.7% in the second quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Root Financial Partners LLC purchased a new position in shares of T. Rowe Price Group during the 3rd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC grew its stake in T. Rowe Price Group by 120.0% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 319 shares of the asset manager’s stock valued at $31,000 after acquiring an additional 174 shares during the period. Salomon & Ludwin LLC increased its holdings in T. Rowe Price Group by 84.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 317 shares of the asset manager’s stock worth $33,000 after acquiring an additional 145 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in T. Rowe Price Group during the second quarter worth $35,000. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Key Stories Impacting T. Rowe Price Group

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

• Positive Sentiment: Evercore ISI raised its price target to $116 (maintained in-line rating), signaling confidence in TROW’s fundamentals and leaving room for upside from current levels. Evercore PT Raise
• Positive Sentiment: BMO Capital Markets nudged its target to $110 and kept a market-perform view, a modestly constructive signal that helped underpin shares. BMO PT Raise
• Positive Sentiment: Zacks highlights T. Rowe Price’s strong earnings-surprise history and argues the firm has the key attributes to likely beat again, supporting investor expectations for continued outperformance. Zacks Earnings Outlook
• Positive Sentiment: Feature pieces (MSN) position TROW as a strong growth stock and note recent outperformance vs. the market, which can attract momentum and defensive flows into active-asset-manager shares. MSN Growth Piece
• Neutral Sentiment: Benzinga’s roundup of 11 analysts summarizes divergent views on valuation and positioning—useful context but not a single directional catalyst. Benzinga Analyst Roundup
• Neutral Sentiment: Zacks’ market-note that TROW “rises higher than market” simply reports recent intraday strength and summarizes contributing headlines. Zacks Market Note
• Negative Sentiment: Goldman Sachs cut its price target to $95 and kept a sell rating — a clear negative catalyst that increases downside risk and likely contributed to intraday selling pressure. Goldman Sachs Sell
• Negative Sentiment: Barclays trimmed its target to $101 and remains underweight, another bearish analyst signal that pressures sentiment. Barclays Underweight
• Negative Sentiment: Bank of America’s small PT bump to $86 still implies roughly 20% downside vs. current levels, underscoring that some firms see valuation/headwinds that could limit gains. BofA PT

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.