T. Rowe Price Group, Inc. (NASDAQ:TROW) Receives Average Rating of “Reduce” from Analysts

T. Rowe Price Group, Inc. (NASDAQ:TROW) has earned an average recommendation of “Reduce” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $106.9231.

Several research firms have weighed in on TROW. BMO Capital Markets boosted their target price on shares of T. Rowe Price Group from $108.00 to $110.00 and gave the company a “market perform” rating in a report on Tuesday, January 13th. Keefe, Bruyette & Woods lowered their price objective on T. Rowe Price Group from $117.00 to $115.00 and set a “market perform” rating for the company in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft cut their target price on T. Rowe Price Group from $113.00 to $106.00 and set a “hold” rating for the company in a research note on Wednesday, December 17th. Evercore ISI upped their price target on T. Rowe Price Group from $115.00 to $116.00 in a research note on Monday, January 12th. Finally, TD Cowen cut their price objective on T. Rowe Price Group from $112.00 to $109.00 and set a “hold” rating for the company in a research report on Wednesday, January 14th.

Insider Activity at T. Rowe Price Group

In related news, VP Arif Husain sold 4,260 shares of the stock in a transaction that occurred 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 owned 47,102 shares of the company’s stock, valued at approximately $4,802,519.92. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new position in T. Rowe Price Group in the 3rd quarter valued at about $540,000. Candriam S.C.A. grew its holdings in shares of T. Rowe Price Group by 20.4% in the second quarter. Candriam S.C.A. now owns 30,931 shares of the asset manager’s stock valued at $2,985,000 after purchasing an additional 5,236 shares in the last quarter. Greenspring Advisors LLC purchased a new stake in T. Rowe Price Group during the 3rd quarter worth approximately $1,583,000. First Citizens Bank & Trust Co. lifted its holdings in T. Rowe Price Group by 141.9% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 175,885 shares of the asset manager’s stock worth $18,053,000 after buying an additional 103,174 shares in the last quarter. Finally, Allen Wealth Management LLC boosted its position in T. Rowe Price Group by 459.3% in the 3rd quarter. Allen Wealth Management LLC now owns 13,855 shares of the asset manager’s stock valued at $1,422,000 after buying an additional 11,378 shares during the period. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting T. Rowe Price Group

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

• Positive Sentiment: Assets under management and revenue grew year-over-year and advisory fee revenue provided support, showing continued scale in the business. T. Rowe Price Q4 Highlights
• Positive Sentiment: Product expansion: the firm launched an actively managed Innovation Leaders ETF, which can help distribution and fee growth over time. ETF Launch
• Neutral Sentiment: Management released the press materials, slide deck and full earnings call/transcript — useful for investors who want detail on fund flows, expense timing and outlook. Press Release / Slide Deck Earnings Call Transcript
• Negative Sentiment: Quarterly EPS missed consensus (reported $2.44 vs. ~ $2.46 est.), driven by higher operating expenses that compressed the beat/miss buffer. That miss is the primary near-term catalyst for the selloff. Earnings Breakdown
• Negative Sentiment: Reports and commentary pointed to net outflows in the quarter — a red flag for fee-based asset managers because persistent outflows pressure revenue and margins. Net Outflows Coverage
• Negative Sentiment: Analyst reaction: Morgan Stanley trimmed its price target and the street has highlighted the EPS miss and rising costs — analyst moves amplify selling pressure. Analyst Note / Price Target
• Negative Sentiment: Options market activity: unusual uptick in put buying suggests some traders are positioning for further downside in the near term. (internal market note)

T. Rowe Price Group Stock Down 5.4%

Shares of NASDAQ:TROW opened at $97.07 on Thursday. The business has a fifty day moving average of $104.73 and a two-hundred day moving average of $104.61. The stock has a market cap of $21.18 billion, a P/E ratio of 10.57, a PEG ratio of 2.49 and a beta of 1.53. T. Rowe Price Group has a 52-week low of $77.85 and a 52-week high of $118.22.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.02). T. Rowe Price Group had a return on equity of 19.95% and a net margin of 28.89%.The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter in the prior year, the firm earned $2.12 EPS. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts anticipate that T. Rowe Price Group will post 9.29 earnings per share for the current year.

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.