TD Cowen Cuts T. Rowe Price Group (NASDAQ:TROW) Price Target to $109.00

T. Rowe Price Group (NASDAQ:TROW) had its target price decreased by TD Cowen from $112.00 to $109.00 in a research report sent to investors on Wednesday,Benzinga reports. TD Cowen currently has a hold rating on the asset manager’s stock.

Other analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price objective on T. Rowe Price Group from $113.00 to $106.00 and set a “hold” rating on the stock in a report on Wednesday, December 17th. Barclays boosted their price target on shares of T. Rowe Price Group from $101.00 to $102.00 and gave the company an “underweight” rating in a report on Friday, December 12th. JPMorgan Chase & Co. upped their price target on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the company an “underweight” rating in a research report on Monday, November 3rd. BMO Capital Markets started coverage on shares of T. Rowe Price Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $108.00 price objective for the company. Finally, Jefferies Financial Group boosted their target price on shares of T. Rowe Price Group from $104.00 to $106.00 and gave the company a “hold” rating in a research note on Tuesday, October 7th. Twelve investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, T. Rowe Price Group currently has a consensus rating of “Reduce” and a consensus target price of $107.54.

T. Rowe Price Group Stock Performance

Shares of NASDAQ:TROW opened at $106.49 on Wednesday. The company 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 stock has a fifty day moving average of $103.69 and a 200-day moving average of $104.30. T. Rowe Price Group has a one year low of $77.85 and a one year high of $118.32.

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

T. Rowe Price Group Announces Dividend

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

Insider Activity

In other news, VP Arif Husain sold 4,260 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total transaction of $434,349.60. Following the transaction, the vice president directly owned 47,102 shares in the company, valued at $4,802,519.92. The trade was a 8.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.00% of the stock is owned by company insiders.

Institutional Trading of T. Rowe Price Group

A number of institutional investors have recently bought and sold shares of TROW. TD Waterhouse Canada Inc. increased its position in T. Rowe Price Group by 66.7% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of T. Rowe Price Group in the 3rd quarter valued at approximately $30,000. Vermillion & White Wealth Management Group LLC increased its holdings in T. Rowe Price Group by 120.0% in 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 during the last quarter. Salomon & Ludwin LLC increased its holdings in T. Rowe Price Group by 84.3% in the third quarter. Salomon & Ludwin LLC now owns 317 shares of the asset manager’s stock worth $33,000 after buying an additional 145 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in T. Rowe Price Group during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 73.39% of the company’s stock.

More T. Rowe Price Group News

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

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.