Argus Upgrades T. Rowe Price Group (NASDAQ:TROW) to “Hold”

T. Rowe Price Group (NASDAQ:TROW) was upgraded by research analysts at Argus to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities analysts also recently weighed in on the company. Evercore reduced their price target on T. Rowe Price Group from $116.00 to $106.00 and set an “in-line” rating for the company in a research report on Thursday. Barclays set a $94.00 price objective on shares of T. Rowe Price Group in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on shares of T. Rowe Price Group from $108.00 to $106.00 and set an “underweight” rating for the company in a research report on Thursday. TD Cowen lowered their price target on shares of T. Rowe Price Group from $109.00 to $97.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Bank of America increased their price objective on shares of T. Rowe Price Group from $85.00 to $86.00 in a research note on Wednesday, January 14th. Twelve investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $103.31.

T. Rowe Price Group Stock Up 2.8%

Shares of NASDAQ:TROW opened at $94.58 on Thursday. The firm has a market cap of $20.64 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 2.24 and a beta of 1.53. T. Rowe Price Group has a 12 month low of $77.85 and a 12 month high of $118.22. The company’s fifty day simple moving average is $104.37 and its 200 day simple moving average is $104.46.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). The firm had revenue of $1.93 billion for 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 revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. Research analysts expect that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

Insider Transactions at T. Rowe Price Group

In related news, VP Arif Husain sold 4,260 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total value of $434,349.60. Following the completion of the sale, the vice president directly owned 47,102 shares in the company, valued at approximately $4,802,519.92. This trade represents a 8.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.00% of the company’s stock.

Institutional Trading of T. Rowe Price Group

A number of hedge funds have recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new stake in shares of T. Rowe Price Group during the third quarter worth $540,000. Candriam S.C.A. boosted its holdings in shares of T. Rowe Price Group by 20.4% during the 2nd quarter. Candriam S.C.A. now owns 30,931 shares of the asset manager’s stock valued at $2,985,000 after acquiring an additional 5,236 shares in the last quarter. Greenspring Advisors LLC bought a new stake in T. Rowe Price Group during the 3rd quarter worth $1,583,000. First Citizens Bank & Trust Co. increased its holdings in T. Rowe Price Group by 141.9% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 175,885 shares of the asset manager’s stock worth $18,053,000 after purchasing an additional 103,174 shares in the last quarter. Finally, Allen Wealth Management LLC raised its position in T. Rowe Price Group by 459.3% in the third quarter. Allen Wealth Management LLC now owns 13,855 shares of the asset manager’s stock valued at $1,422,000 after purchasing an additional 11,378 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Key T. Rowe Price Group News

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

• Positive Sentiment: Argus upgraded TROW to a “hold”, providing some support to the stock amid analyst churn. Zacks/Argus Upgrade
• Positive Sentiment: Company highlighted AUM growth and year‑over‑year revenue increase (helping offset the EPS miss), which reassures investors about underlying asset trends. Earnings Highlights
• Neutral Sentiment: Full Q4 earnings transcript and call are available for detail review — useful for investors assessing fee margins, flows and forward guidance. Q4 Transcript
• Neutral Sentiment: Unusually high options trading noted in the ticker, signaling elevated short‑term speculation/hedging activity around the stock. Options Activity
• Negative Sentiment: Goldman Sachs cut its price target to $90 and maintained a “sell” rating, adding downward pressure by signaling weaker near‑term outlook. Goldman Sachs PT Cut
• Negative Sentiment: Deutsche Bank trimmed its target to $100 and kept a “hold”, contributing to consensus PT compression. Deutsche Bank PT Cut
• Negative Sentiment: Multiple other shops lowered targets or ratings (JPMorgan to $106/underweight; TD Cowen to $97/hold; Evercore to $106/in‑line; KBW to $110/market perform) — the broad analyst downdrift increases downside risk until flow trends and margins clarify. Analyst PT Moves (Benzinga)
• Negative Sentiment: Coverage notes emphasize net outflows and the EPS miss in Q4 as the primary near‑term catalysts for further downgrades if flows remain weak. Seeking Alpha: Outflows & EPS Miss

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.