Rep. Kevin Hern Sells Off Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of T. Rowe Price Group, Inc. (NASDAQ:TROW). In a filing disclosed on April 03rd, the Representative disclosed that they had sold between $15,001 and $50,000 in T. Rowe Price Group stock on March 20th. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Exact Sciences (NASDAQ:EXAS) on 3/24/2026.
• Sold $50,001 – $100,000 in shares of Prologis (NYSE:PLD) on 3/20/2026.
• Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 3/20/2026.
• Sold $500,001 – $1,000,000 in shares of Smartstop Self Storage REIT (NYSE:SMA) on 3/18/2026.
• Sold $500,001 – $1,000,000 in shares of Texas Instruments (NASDAQ:TXN) on 3/18/2026.
• Sold $50,001 – $100,000 in shares of BlackRock MuniAssets Fund (NYSE:MUA) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Cognizant Technology Solutions (NASDAQ:CTSH) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Invesco (NYSE:IVZ) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Becton, Dickinson and Company (NYSE:BDX) on 3/17/2026.
• Sold $15,001 – $50,000 in shares of Comcast (NASDAQ:CMCSA) on 3/17/2026.

T. Rowe Price Group Stock Performance

T. Rowe Price Group stock opened at $89.33 on Tuesday. The stock has a market cap of $19.44 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 3.80 and a beta of 1.50. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $118.22. The stock has a fifty day moving average of $93.25 and a 200 day moving average of $100.10.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Wednesday, February 4th. The asset manager reported $2.44 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 analysts’ expectations of $1.92 billion. T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.29%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.12 EPS. As a group, sell-side analysts predict that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a $1.30 dividend. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Monday, March 16th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 56.22%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TROW shares. BMO Capital Markets reduced their price objective on T. Rowe Price Group from $110.00 to $104.00 and set a “market perform” rating for the company in a research report on Thursday, February 12th. JPMorgan Chase & Co. reduced their price objective on T. Rowe Price Group from $108.00 to $106.00 and set an “underweight” rating for the company in a research report on Thursday, February 5th. Morgan Stanley reduced their price objective on T. Rowe Price Group from $115.00 to $107.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 1st. TD Cowen reduced their price objective on T. Rowe Price Group from $109.00 to $97.00 and set a “hold” rating for the company in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group reduced their price objective on T. Rowe Price Group from $90.00 to $80.00 and set a “sell” rating for the company in a research report on Monday. Twelve investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, T. Rowe Price Group currently has an average rating of “Reduce” and an average target price of $100.31.

Institutional Trading of T. Rowe Price Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TROW. Woodline Partners LP increased its position in T. Rowe Price Group by 41.0% in the first quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock worth $1,728,000 after buying an additional 5,467 shares in the last quarter. Focus Partners Wealth increased its position in T. Rowe Price Group by 10.6% in the first quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock worth $1,199,000 after buying an additional 1,250 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in T. Rowe Price Group by 6.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 36,368 shares of the asset manager’s stock worth $3,509,000 after buying an additional 2,328 shares in the last quarter. Norges Bank purchased a new stake in T. Rowe Price Group in the second quarter worth about $82,756,000. Finally, Quantbot Technologies LP purchased a new stake in T. Rowe Price Group in the second quarter worth about $1,858,000. Hedge funds and other institutional investors own 73.39% of the company’s stock.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

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.