JPMorgan Chase & Co. Lowers T. Rowe Price Group (NASDAQ:TROW) Price Target to $106.00

T. Rowe Price Group (NASDAQ:TROW) had its price target decreased by JPMorgan Chase & Co. from $108.00 to $106.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 12.07% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. Bank of America lifted their price target on shares of T. Rowe Price Group from $85.00 to $86.00 in a research report on Wednesday, January 14th. BMO Capital Markets lifted 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. Zacks Research cut shares of T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of T. Rowe Price Group in a report on Monday, December 29th. Finally, Morgan Stanley reduced their price objective on T. Rowe Price Group from $128.00 to $123.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Twelve investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $103.31.

T. Rowe Price Group Price Performance

Shares of NASDAQ:TROW opened at $94.58 on Thursday. The business has a 50-day moving average of $104.37 and a two-hundred day moving average of $104.46. The firm has a market capitalization of $20.64 billion, a PE ratio of 10.22, a P/E/G 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.

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

Insider Activity at T. Rowe Price Group

In related news, VP Arif Husain sold 4,260 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $101.96, for a total value of $434,349.60. Following the transaction, the vice president owned 47,102 shares in the company, valued at approximately $4,802,519.92. The trade was a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On T. Rowe Price Group

Several hedge funds and other institutional investors have recently bought and sold shares of TROW. Vanguard Group Inc. boosted its stake in shares of T. Rowe Price Group by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 26,416,718 shares of the asset manager’s stock valued at $2,549,213,000 after buying an additional 130,325 shares during the last quarter. State Street Corp raised its holdings in T. Rowe Price Group by 1.5% in the second quarter. State Street Corp now owns 14,510,271 shares of the asset manager’s stock valued at $1,400,241,000 after acquiring an additional 211,647 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in T. Rowe Price Group by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,846,636 shares of the asset manager’s stock valued at $757,200,000 after acquiring an additional 140,385 shares during the last quarter. Geode Capital Management LLC boosted its stake in T. Rowe Price Group by 3.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,014,236 shares of the asset manager’s stock valued at $578,059,000 after acquiring an additional 197,024 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in T. Rowe Price Group by 0.3% during the 2nd quarter. Invesco Ltd. now owns 3,444,720 shares of the asset manager’s stock worth $332,415,000 after acquiring an additional 11,036 shares in the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about T. Rowe Price Group

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

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.