Jones Financial Companies Lllp boosted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) by 21.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,759 shares of the asset manager’s stock after purchasing an additional 5,360 shares during the quarter. Jones Financial Companies Lllp’s holdings in T. Rowe Price Group were worth $3,183,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TROW. Vanguard Group Inc. grew its holdings in T. Rowe Price Group by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 26,416,718 shares of the asset manager’s stock worth $2,549,213,000 after buying an additional 130,325 shares in the last quarter. State Street Corp boosted its position in T. Rowe Price Group by 1.5% during the 2nd quarter. State Street Corp now owns 14,510,271 shares of the asset manager’s stock worth $1,400,241,000 after acquiring an additional 211,647 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of T. Rowe Price Group by 1.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 7,846,636 shares of the asset manager’s stock worth $757,200,000 after purchasing an additional 140,385 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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 valued at $578,059,000 after purchasing an additional 197,024 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of 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 valued at $332,415,000 after purchasing an additional 11,036 shares during the period. 73.39% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting T. Rowe Price Group
Here are the key news stories impacting T. Rowe Price Group this week:
- Positive Sentiment: Argus upgraded TROW to a “hold”, providing some support to the stock amid analyst churn. Zacks/Argus Upgrade
- Positive Sentiment: Company highlighted AUM growth and year‑over‑year revenue increase (helping offset the EPS miss), which reassures investors about underlying asset trends. Earnings Highlights
- Neutral Sentiment: Full Q4 earnings transcript and call are available for detail review — useful for investors assessing fee margins, flows and forward guidance. Q4 Transcript
- Neutral Sentiment: Unusually high options trading noted in the ticker, signaling elevated short‑term speculation/hedging activity around the stock. Options Activity
- Negative Sentiment: Goldman Sachs cut its price target to $90 and maintained a “sell” rating, adding downward pressure by signaling weaker near‑term outlook. Goldman Sachs PT Cut
- Negative Sentiment: Deutsche Bank trimmed its target to $100 and kept a “hold”, contributing to consensus PT compression. Deutsche Bank PT Cut
- Negative Sentiment: Multiple other shops lowered targets or ratings (JPMorgan to $106/underweight; TD Cowen to $97/hold; Evercore to $106/in‑line; KBW to $110/market perform) — the broad analyst downdrift increases downside risk until flow trends and margins clarify. Analyst PT Moves (Benzinga)
- Negative Sentiment: Coverage notes emphasize net outflows and the EPS miss in Q4 as the primary near‑term catalysts for further downgrades if flows remain weak. Seeking Alpha: Outflows & EPS Miss
Insider Buying and Selling at T. Rowe Price Group
T. Rowe Price Group Stock Performance
Shares of NASDAQ:TROW opened at $94.58 on Friday. The stock has a market capitalization of $20.64 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 2.31 and a beta of 1.53. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $118.22. The company has a 50 day moving average price of $104.37 and a 200 day moving average price of $104.44.
T. Rowe Price Group (NASDAQ:TROW – Get Free Report) 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 $2.47 by ($0.03). The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.92 billion. T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.36%. T. Rowe Price Group’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $2.12 EPS. On average, sell-side analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of T. Rowe Price Group from $128.00 to $123.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Citigroup increased their price objective on shares of T. Rowe Price Group from $105.00 to $107.00 in a report on Monday, November 3rd. Evercore ISI lowered their price objective on shares of T. Rowe Price Group from $116.00 to $106.00 in a research note on Thursday. Evercore dropped their target price on T. Rowe Price Group from $116.00 to $106.00 and set an “in-line” rating on the stock in a report on Thursday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of T. Rowe Price Group in a research report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $103.50.
Read Our Latest Analysis on T. Rowe Price Group
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.
Further Reading
- Five stocks we like better than T. Rowe Price Group
- Trade this between 9:30 and 10:45 am EST
- The $650 Million Bet on AI’s Future
- The gold chart Wall Street is terrified of…
- The buying spree that no one is talking about
- Trump’s AI Secret: 100X Faster Than Nvidia
Receive News & Ratings for T. Rowe Price Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T. Rowe Price Group and related companies with MarketBeat.com's FREE daily email newsletter.
