BMO Capital Markets Issues Pessimistic Forecast for T. Rowe Price Group (NASDAQ:TROW) Stock Price

T. Rowe Price Group (NASDAQ:TROW) had its price target reduced by equities research analysts at BMO Capital Markets from $104.00 to $98.00 in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a “market perform” rating on the asset manager’s stock. BMO Capital Markets’ price objective suggests a potential upside of 7.12% from the company’s current price.

Several other research analysts also recently weighed in on TROW. Barclays set a $94.00 target price on shares of T. Rowe Price Group in a research note on Thursday, February 5th. Jefferies Financial Group dropped their price objective on shares of T. Rowe Price Group from $107.00 to $91.00 and set a “hold” rating for the company in a research note on Wednesday. Argus raised shares of T. Rowe Price Group to a “hold” rating in a research note on Thursday, February 5th. Bank of America upped their price objective on shares of T. Rowe Price Group from $85.00 to $86.00 in a research note on Wednesday, January 14th. Finally, Evercore dropped their price objective on shares of T. Rowe Price Group from $106.00 to $99.00 in a research note on Friday, March 6th. Twelve equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, T. Rowe Price Group currently has an average rating of “Reduce” and a consensus target price of $97.00.

T. Rowe Price Group Trading Down 0.7%

Shares of TROW stock opened at $91.49 on Friday. The firm has a 50-day moving average price of $92.12 and a 200 day moving average price of $99.74. T. Rowe Price Group has a twelve month low of $82.86 and a twelve month high of $118.22. The company has a market capitalization of $19.91 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 3.92 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results 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). T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.29%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the previous year, the firm posted $2.12 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, research analysts predict that T. Rowe Price Group will post 9.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TROW. Woodline Partners LP increased its position in T. Rowe Price Group by 41.0% during the 1st quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock worth $1,728,000 after purchasing an additional 5,467 shares in the last quarter. Focus Partners Wealth increased its position in T. Rowe Price Group by 10.6% during the 1st 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. EverSource Wealth Advisors LLC increased its position in T. Rowe Price Group by 44.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,546 shares of the asset manager’s stock worth $149,000 after purchasing an additional 478 shares in the last quarter. Jump Financial LLC acquired a new stake in T. Rowe Price Group during the 2nd quarter worth approximately $931,000. Finally, Bank of Nova Scotia increased its position in T. Rowe Price Group by 127.8% during the 2nd quarter. Bank of Nova Scotia now owns 52,185 shares of the asset manager’s stock worth $5,036,000 after purchasing an additional 29,272 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Key Headlines Impacting T. Rowe Price Group

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

• Positive Sentiment: T. Rowe Price launched into the CLO market with a ~$403.6 million issuance to expand its fixed‑income platform, aiming to access higher‑income credit opportunities and boost fee/income diversification. This strategic move could support future revenue and margins if CLO demand and credit performance hold. T. Rowe Price Expands Fixed Income Platform Through CLO Launch MSN Coverage
• Neutral Sentiment: Product/upgrades: T. Rowe rolled out a 529 plan refresh highlighting an emphasis on education-focused solutions and potential valuation upside; this may broaden distribution but is a longer‑term positive rather than an immediate earnings driver. T. Rowe Price 529 Refresh
• Neutral Sentiment: Income appeal: TROW continues to be featured in dividend/income roundups, which can support steady retail and income‑oriented flows but won’t offset near‑term headwinds alone. Dividend Aristocrat Coverage
• Negative Sentiment: Analyst pressure: Multiple brokerages trimmed price targets and maintained cautious ratings this week (Evercore to $96, BMO to $98 with Market Perform, TD Cowen to $93 with Hold, plus Bank of America cuts and Goldman Sachs maintaining a Sell). The string of downgrades and lower targets signals concerns about fee pressure, net inflows and near‑term results, which is weighing on the stock. Evercore Target Cut BMO Coverage TD Cowen Target Cut Bank of America Coverage Goldman Sachs Sell Rating

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.