Investment Analysts’ Recent Ratings Updates for T. Rowe Price Group (TROW)

Several brokerages have updated their recommendations and price targets on shares of T. Rowe Price Group (NASDAQ: TROW) in the last few weeks:

• 2/6/2025 – T. Rowe Price Group had its price target lowered by analysts at Barclays PLC from $113.00 to $105.00. They now have an “underweight” rating on the stock.
• 2/6/2025 – T. Rowe Price Group had its “market perform” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $113.00 price target on the stock, up previously from $111.00.
• 2/6/2025 – T. Rowe Price Group had its price target lowered by analysts at Wells Fargo & Company from $118.00 to $116.00. They now have an “equal weight” rating on the stock.
• 2/2/2025 – T. Rowe Price Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/25/2025 – T. Rowe Price Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 1/17/2025 – T. Rowe Price Group had its price target lowered by analysts at Barclays PLC from $115.00 to $113.00. They now have an “underweight” rating on the stock.
• 1/17/2025 – T. Rowe Price Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 1/14/2025 – T. Rowe Price Group had its price target lowered by analysts at Wells Fargo & Company from $124.00 to $118.00. They now have an “equal weight” rating on the stock.
• 1/13/2025 – T. Rowe Price Group had its price target lowered by analysts at Keefe, Bruyette & Woods from $116.00 to $111.00. They now have a “market perform” rating on the stock.
• 1/9/2025 – T. Rowe Price Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 12/28/2024 – T. Rowe Price Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.

T. Rowe Price Group Trading Up 0.7 %

Shares of TROW stock opened at $107.88 on Wednesday. T. Rowe Price Group, Inc. has a 12-month low of $100.49 and a 12-month high of $125.81. The stock’s 50-day moving average price is $113.58 and its 200-day moving average price is $112.32. The stock has a market capitalization of $23.97 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 2.82 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.91% and a net margin of 29.61%. During the same period in the prior year, the firm earned $1.72 earnings per share. As a group, research analysts predict that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $1.27 dividend. The ex-dividend date is Friday, March 14th. This represents a $5.08 annualized dividend and a yield of 4.71%. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.24. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 54.15%.

Insider Buying and Selling

In related news, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total value of $449,318.24. Following the completion of the transaction, the vice president now owns 36,800 shares in the company, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the transaction, the vice president now owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Nilsine Partners LLC boosted its position in shares of T. Rowe Price Group by 75.5% during the fourth quarter. Nilsine Partners LLC now owns 5,509 shares of the asset manager’s stock valued at $623,000 after buying an additional 2,370 shares during the period. Principal Financial Group Inc. boosted its position in shares of T. Rowe Price Group by 2.8% during the third quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager’s stock valued at $30,062,000 after buying an additional 7,503 shares during the period. Janus Henderson Group PLC boosted its position in shares of T. Rowe Price Group by 3.8% during the third quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager’s stock valued at $3,267,000 after buying an additional 1,100 shares during the period. Aigen Investment Management LP purchased a new position in shares of T. Rowe Price Group during the third quarter valued at approximately $516,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of T. Rowe Price Group by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,840,807 shares of the asset manager’s stock valued at $745,169,000 after buying an additional 231,286 shares during the period. Hedge funds and other institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.