T. Rowe Price Group, Inc. (NASDAQ:TROW) Receives Average Rating of “Reduce” from Analysts

Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) have received an average rating of “Reduce” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $106.9231.

A number of equities research analysts have commented on TROW shares. Zacks Research downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. The Goldman Sachs Group dropped their target price on T. Rowe Price Group from $97.00 to $95.00 and set a “sell” rating on the stock in a report on Wednesday, January 14th. Weiss Ratings restated a “hold (c+)” rating on shares of T. Rowe Price Group in a research note on Monday, December 29th. TD Cowen lowered their price objective on T. Rowe Price Group from $112.00 to $109.00 and set a “hold” rating for the company in a research report on Wednesday, January 14th. Finally, Barclays cut their target price on T. Rowe Price Group from $102.00 to $101.00 and set an “underweight” rating on the stock in a research report on Thursday, January 15th.

T. Rowe Price Group News Roundup

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)

T. Rowe Price Group Price Performance

Shares of NASDAQ TROW opened at $97.07 on Thursday. The company has a market cap of $21.18 billion, a price-to-earnings ratio of 10.57, a price-to-earnings-growth ratio of 2.49 and a beta of 1.53. The stock’s 50-day moving average is $104.73 and its two-hundred day moving average is $104.61. T. Rowe Price Group has a 1-year low of $77.85 and a 1-year high of $118.22.

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

Insider Buying and Selling at T. Rowe Price Group

In other news, VP Arif Husain sold 4,260 shares of the company’s stock in a transaction 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 approximately $4,802,519.92. This represents a 8.29% decrease in their position. The sale 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 Investors Weigh In On T. Rowe Price Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of T. Rowe Price Group by 0.5% during the second quarter. Vanguard Group Inc. now owns 26,416,718 shares of the asset manager’s stock worth $2,549,213,000 after purchasing an additional 130,325 shares during the last quarter. State Street Corp boosted its position in shares of T. Rowe Price Group by 1.5% in the 2nd quarter. State Street Corp now owns 14,510,271 shares of the asset manager’s stock valued at $1,400,241,000 after purchasing an additional 211,647 shares during the period. Charles Schwab Investment Management Inc. grew its stake in T. Rowe Price Group by 1.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,846,636 shares of the asset manager’s stock worth $757,200,000 after buying an additional 140,385 shares during the last quarter. Geode Capital Management LLC increased its position in T. Rowe Price Group by 3.4% during the second quarter. Geode Capital Management LLC now owns 6,014,236 shares of the asset manager’s stock worth $578,059,000 after buying an additional 197,024 shares during the period. Finally, Invesco Ltd. increased its position in T. Rowe Price Group by 0.3% during the second quarter. Invesco Ltd. now owns 3,444,720 shares of the asset manager’s stock worth $332,415,000 after buying an additional 11,036 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

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.