T. Rowe Price Group (NASDAQ:TROW) Price Target Raised to $86.00

T. Rowe Price Group (NASDAQ:TROW) had its target price hoisted by Bank of America from $85.00 to $86.00 in a research note published on Wednesday morning,MarketScreener reports.

A number of other research firms also recently issued reports on TROW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of T. Rowe Price Group in a report on Monday, December 29th. Evercore ISI cut their price target on shares of T. Rowe Price Group from $118.00 to $115.00 and set an “in-line” rating on the stock in a report on Friday, December 5th. JPMorgan Chase & Co. lifted their target price on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock an “underweight” rating in a research report on Monday, November 3rd. The Goldman Sachs Group reduced their target price on T. Rowe Price Group from $98.00 to $93.00 and set a “sell” rating for the company in a report on Tuesday, November 25th. Finally, Morgan Stanley lifted their price target on T. Rowe Price Group from $126.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Twelve research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $107.54.

T. Rowe Price Group Trading Down 0.8%

Shares of TROW stock opened at $106.49 on Wednesday. T. Rowe Price Group has a 12 month low of $77.85 and a 12 month high of $118.32. The firm has a market capitalization of $23.24 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 2.58 and a beta of 1.52. The firm has a fifty day simple moving average of $103.69 and a two-hundred day simple moving average of $104.30.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Friday, October 31st. The asset manager reported $2.81 EPS for the quarter, topping the consensus estimate of $2.55 by $0.26. T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The company had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $2.57 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts predict that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, December 15th. T. Rowe Price Group’s payout ratio is 55.34%.

Insider Buying and Selling

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

Institutional Investors Weigh In On T. Rowe Price Group

Several institutional investors have recently added to or reduced their stakes in TROW. First Trust Advisors LP raised its holdings in T. Rowe Price Group by 137.7% during the 2nd quarter. First Trust Advisors LP now owns 3,441,458 shares of the asset manager’s stock valued at $332,101,000 after acquiring an additional 1,993,920 shares during the period. Norges Bank bought a new stake in shares of T. Rowe Price Group during the 2nd quarter valued at $82,756,000. Caisse de depot et placement du Quebec lifted its holdings in T. Rowe Price Group by 81.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,306,922 shares of the asset manager’s stock worth $134,142,000 after purchasing an additional 584,949 shares in the last quarter. ARGA Investment Management LP boosted its stake in T. Rowe Price Group by 3,807.3% in the 2nd quarter. ARGA Investment Management LP now owns 477,161 shares of the asset manager’s stock worth $46,046,000 after purchasing an additional 464,949 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in T. Rowe Price Group during the 2nd quarter valued at about $37,722,000. 73.39% of the stock is 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: Evercore ISI raised its price target to $116 (maintained in-line rating), signaling confidence in TROW’s fundamentals and leaving room for upside from current levels. Evercore PT Raise
• Positive Sentiment: BMO Capital Markets nudged its target to $110 and kept a market-perform view, a modestly constructive signal that helped underpin shares. BMO PT Raise
• Positive Sentiment: Zacks highlights T. Rowe Price’s strong earnings-surprise history and argues the firm has the key attributes to likely beat again, supporting investor expectations for continued outperformance. Zacks Earnings Outlook
• Positive Sentiment: Feature pieces (MSN) position TROW as a strong growth stock and note recent outperformance vs. the market, which can attract momentum and defensive flows into active-asset-manager shares. MSN Growth Piece
• Neutral Sentiment: Benzinga’s roundup of 11 analysts summarizes divergent views on valuation and positioning—useful context but not a single directional catalyst. Benzinga Analyst Roundup
• Neutral Sentiment: Zacks’ market-note that TROW “rises higher than market” simply reports recent intraday strength and summarizes contributing headlines. Zacks Market Note
• Negative Sentiment: Goldman Sachs cut its price target to $95 and kept a sell rating — a clear negative catalyst that increases downside risk and likely contributed to intraday selling pressure. Goldman Sachs Sell
• Negative Sentiment: Barclays trimmed its target to $101 and remains underweight, another bearish analyst signal that pressures sentiment. Barclays Underweight
• Negative Sentiment: Bank of America’s small PT bump to $86 still implies roughly 20% downside vs. current levels, underscoring that some firms see valuation/headwinds that could limit gains. BofA PT

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.