Morgan Stanley Cuts T. Rowe Price Group (NASDAQ:TROW) Price Target to $123.00

T. Rowe Price Group (NASDAQ:TROW) had its price objective lowered by Morgan Stanley from $128.00 to $123.00 in a research report report published on Monday morning, Marketbeat reports. Morgan Stanley currently has an equal weight rating on the asset manager’s stock.

TROW has been the subject of a number of other research reports. Barclays decreased their target price on shares of T. Rowe Price Group from $102.00 to $101.00 and set an “underweight” rating for the company in a research report on Thursday, January 15th. JPMorgan Chase & Co. decreased their price target on T. Rowe Price Group from $111.00 to $108.00 and set an “underweight” rating for the company in a research note on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft dropped their price target on T. Rowe Price Group from $113.00 to $106.00 and set a “hold” rating on the stock in a research note on Wednesday, December 17th. Citigroup increased their price objective on shares of T. Rowe Price Group from $105.00 to $107.00 in a research report on Monday, November 3rd. Finally, Evercore ISI boosted their target price on shares of T. Rowe Price Group from $115.00 to $116.00 in a research report on Monday, January 12th. Eleven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $106.92.

T. Rowe Price Group Price Performance

Shares of NASDAQ TROW opened at $97.07 on Monday. T. Rowe Price Group has a 1-year low of $77.85 and a 1-year high of $118.22. The business has a fifty day moving average price of $104.73 and a 200 day moving average price of $104.61. The stock has a market capitalization of $21.18 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 2.49 and a beta of 1.53.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 EPS for the quarter, missing the consensus estimate of $2.46 by ($0.02). T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same period in the previous year, the company posted $2.12 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities research analysts anticipate that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Arif Husain sold 4,260 shares of T. Rowe Price Group stock in a transaction dated 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 owned 47,102 shares in the company, valued at approximately $4,802,519.92. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of T. Rowe Price Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Waterhouse Canada Inc. lifted its holdings 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 valued at $25,000 after acquiring an additional 100 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of T. Rowe Price Group by 540.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 238 shares in the last quarter. Root Financial Partners LLC acquired a new position in shares of T. Rowe Price Group in the 3rd quarter valued at $30,000. Vermillion & White Wealth Management Group LLC boosted its holdings 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 worth $31,000 after buying an additional 174 shares in the last quarter. Finally, Canton Hathaway LLC acquired a new stake in T. Rowe Price Group during the fourth quarter valued at $31,000. 73.39% of the stock is owned by institutional investors and hedge funds.

T. Rowe Price Group News Summary

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

• Positive Sentiment: Assets under management and revenue grew year-over-year and advisory fee revenue provided support, showing continued scale in the business. T. Rowe Price Q4 Highlights
• Positive Sentiment: Product expansion: the firm launched an actively managed Innovation Leaders ETF, which can help distribution and fee growth over time. ETF Launch
• Neutral Sentiment: Management released the press materials, slide deck and full earnings call/transcript — useful for investors who want detail on fund flows, expense timing and outlook. Press Release / Slide Deck Earnings Call Transcript
• Negative Sentiment: Quarterly EPS missed consensus (reported $2.44 vs. ~ $2.46 est.), driven by higher operating expenses that compressed the beat/miss buffer. That miss is the primary near-term catalyst for the selloff. Earnings Breakdown
• Negative Sentiment: Reports and commentary pointed to net outflows in the quarter — a red flag for fee-based asset managers because persistent outflows pressure revenue and margins. Net Outflows Coverage
• Negative Sentiment: Analyst reaction: Morgan Stanley trimmed its price target and the street has highlighted the EPS miss and rising costs — analyst moves amplify selling pressure. Analyst Note / Price Target
• Negative Sentiment: Options market activity: unusual uptick in put buying suggests some traders are positioning for further downside in the near term. (internal market note)

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.