Twin Capital Management Inc. lowered its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) by 21.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,103 shares of the asset manager’s stock after selling 6,507 shares during the period. Twin Capital Management Inc.’s holdings in T. Rowe Price Group were worth $2,474,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in TROW. TD Waterhouse Canada Inc. lifted its position in 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 worth $25,000 after purchasing an additional 100 shares during the period. Root Financial Partners LLC purchased a new position in shares of T. Rowe Price Group in the third quarter worth approximately $30,000. Salomon & Ludwin LLC raised its stake in T. Rowe Price Group by 84.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 317 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 145 shares during the period. Vermillion & White Wealth Management Group LLC raised its position in T. Rowe Price Group by 120.0% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 319 shares of the asset manager’s stock valued at $31,000 after buying an additional 174 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of T. Rowe Price Group in the 2nd quarter valued at about $35,000. 73.39% of the stock is currently owned by institutional investors.
T. Rowe Price Group Trading Up 2.8%
NASDAQ:TROW opened at $94.58 on Friday. The firm has a 50 day moving average of $104.37 and a 200-day moving average of $104.46. T. Rowe Price Group, Inc. has a 1 year low of $77.85 and a 1 year high of $118.22. The stock has a market capitalization of $20.64 billion, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 2.24 and a beta of 1.53.
Analyst Upgrades and Downgrades
Several research firms have recently commented on TROW. Citigroup boosted their price target on shares of T. Rowe Price Group from $105.00 to $107.00 in a report on Monday, November 3rd. BMO Capital Markets boosted their target price on T. Rowe Price Group from $108.00 to $110.00 and gave the stock a “market perform” rating in a report on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft cut their target price on shares of T. Rowe Price Group from $106.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday. TD Cowen dropped their price target on T. Rowe Price Group from $109.00 to $97.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of T. Rowe Price Group in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $103.31.
Get Our Latest Stock Report on TROW
Key Headlines Impacting 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
Insider Buying and Selling at T. Rowe Price Group
In related news, VP Arif Husain sold 4,260 shares of the business’s stock in a transaction that occurred on 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 transaction, the vice president owned 47,102 shares in the company, valued at $4,802,519.92. The trade was a 8.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by corporate insiders.
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.
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