Evercore Lowers T. Rowe Price Group (NASDAQ:TROW) Price Target to $106.00

T. Rowe Price Group (NASDAQ:TROW) had its price target decreased by stock analysts at Evercore from $116.00 to $106.00 in a note issued to investors on Thursday, MarketBeat.com reports. The brokerage presently has an “in-line” rating on the asset manager’s stock. Evercore’s price objective suggests a potential upside of 12.07% from the stock’s previous close.

Several other analysts have also recently commented on TROW. Zacks Research cut shares of T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Keefe, Bruyette & Woods reduced their price objective on T. Rowe Price Group from $115.00 to $110.00 and set a “market perform” rating on the stock in a report on Thursday. The Goldman Sachs Group lowered their target price on T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating for the company in a research note on Wednesday, January 14th. Bank of America boosted their target price on T. Rowe Price Group from $85.00 to $86.00 in a research report on Wednesday, January 14th. Finally, BMO Capital Markets raised their price target on 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. Twelve analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, T. Rowe Price Group presently has a consensus rating of “Reduce” and an average price target of $103.31.

T. Rowe Price Group Stock Performance

Shares of TROW stock opened at $94.58 on Thursday. T. Rowe Price Group has a 52 week low of $77.85 and a 52 week high of $118.22. The stock has a market capitalization of $20.64 billion, a PE ratio of 10.22, a PEG ratio of 2.24 and a beta of 1.53. The stock’s fifty day moving average is $104.37 and its 200-day moving average is $104.46.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.03). T. Rowe Price Group had a return on equity of 20.36% and a net margin of 28.53%.The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the company earned $2.12 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts forecast that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Arif Husain sold 4,260 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $101.96, for a total transaction of $434,349.60. Following the transaction, the vice president owned 47,102 shares in the company, valued at approximately $4,802,519.92. This trade represents a 8.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of T. Rowe Price Group

A number of hedge funds have recently modified their holdings of TROW. Woodline Partners LP grew its holdings in T. Rowe Price Group by 41.0% during the first quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock valued at $1,728,000 after purchasing an additional 5,467 shares during the period. Focus Partners Wealth boosted its position in shares of T. Rowe Price Group by 10.6% during the first quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock worth $1,199,000 after purchasing an additional 1,250 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of T. Rowe Price Group by 126.2% during the second quarter. Wealthcare Advisory Partners LLC now owns 9,663 shares of the asset manager’s stock worth $932,000 after purchasing an additional 5,391 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of T. Rowe Price Group by 32.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,609 shares of the asset manager’s stock valued at $348,000 after buying an additional 878 shares during the period. Finally, Belpointe Asset Management LLC increased its position in shares of T. Rowe Price Group by 125.5% in the 2nd quarter. Belpointe Asset Management LLC now owns 8,866 shares of the asset manager’s stock valued at $856,000 after buying an additional 4,935 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group News Summary

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.