Argus Upgrades T. Rowe Price Group (NASDAQ:TROW) to Hold

T. Rowe Price Group (NASDAQ:TROW) was upgraded by research analysts at Argus to a “hold” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also commented on TROW. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of T. Rowe Price Group in a research report on Monday, December 29th. Bank of America raised their price objective on T. Rowe Price Group from $85.00 to $86.00 in a report on Wednesday, January 14th. Zacks Research cut T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Morgan Stanley dropped their price target on T. Rowe Price Group from $128.00 to $123.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Evercore ISI lowered their price objective on shares of T. Rowe Price Group from $116.00 to $106.00 and set an “in-line” rating for the company in a research note on Thursday. Twelve analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, T. Rowe Price Group presently has a consensus rating of “Reduce” and a consensus target price of $104.15.

T. Rowe Price Group Trading Down 5.2%

NASDAQ:TROW opened at $92.02 on Thursday. The company has a market cap of $20.08 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 2.36 and a beta of 1.53. T. Rowe Price Group has a twelve month low of $77.85 and a twelve month high of $118.22. The stock has a fifty day simple moving average of $104.53 and a 200-day simple moving average of $104.53.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). T. Rowe Price Group had a return on equity of 20.36% and a net margin of 28.53%.The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the previous year, the company posted $2.12 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts predict that T. Rowe Price Group will post 9.29 EPS for the current fiscal year.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, VP Arif Husain sold 4,260 shares of the business’s stock in a transaction dated 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 directly owned 47,102 shares in the company, valued at approximately $4,802,519.92. The trade was a 8.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in T. Rowe Price Group during the 3rd quarter worth about $540,000. Candriam S.C.A. boosted its stake in shares of T. Rowe Price Group by 20.4% in the second quarter. Candriam S.C.A. now owns 30,931 shares of the asset manager’s stock worth $2,985,000 after buying an additional 5,236 shares during the last quarter. Greenspring Advisors LLC acquired a new stake in T. Rowe Price Group during the third quarter worth about $1,583,000. First Citizens Bank & Trust Co. grew its holdings in T. Rowe Price Group by 141.9% during the third quarter. First Citizens Bank & Trust Co. now owns 175,885 shares of the asset manager’s stock worth $18,053,000 after acquiring an additional 103,174 shares during the period. Finally, Allen Wealth Management LLC raised its position in T. Rowe Price Group by 459.3% during the third quarter. Allen Wealth Management LLC now owns 13,855 shares of the asset manager’s stock valued at $1,422,000 after acquiring an additional 11,378 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Key T. Rowe Price Group News

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

• Positive Sentiment: Higher AUM and advisory fees help revenue growth and partially support margins — firm reported revenue roughly in line with expectations and year-over-year AUM growth. Q4 highlights
• Positive Sentiment: Full press release and slide deck show overall revenue up ~6% YoY, useful for medium-term AUM-driven fee growth thesis. Press Release
• Neutral Sentiment: Q4 earnings call transcript and presentation are available for deeper detail on flows, margins and guidance — worth reviewing for investor takeaways. Earnings call transcript
• Neutral Sentiment: Analysts collectively trimmed targets (KBW, Evercore, JPMorgan, TD Cowen) — some cuts leave meaningful upside to current price but reflect increased caution on flows and margins. Analyst notes roundup
• Negative Sentiment: Q4 EPS missed by $0.03 (reported $2.44 vs. $2.47 estimate) and operating expenses rose year-over-year, pressuring near-term profitability. Earnings and expense coverage
• Negative Sentiment: Net outflows were highlighted in coverage and analysts cited persistent flow challenges as a reason for lower targets — a key risk for fee revenue and valuation. Net outflows article
• Negative Sentiment: Unusually large put option activity was recorded ahead of/after the print, indicating elevated bearish positioning by some traders. (Market option flow report)
• Negative Sentiment: Specific analyst moves: JPMorgan cut PT to $106 and set an “underweight”, TD Cowen cut to $97 (“hold”) — these more bearish actions likely amplified selling pressure. Analyst actions

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.