T. Rowe Price Group (NASDAQ:TROW) Given New $90.00 Price Target at The Goldman Sachs Group

T. Rowe Price Group (NASDAQ:TROW) had its target price upped by The Goldman Sachs Group from $85.00 to $90.00 in a research note published on Friday morning,MarketScreener reports.

TROW has been the topic of several other research reports. Keefe, Bruyette & Woods upped their price objective on T. Rowe Price Group from $95.00 to $107.00 and gave the company a “market perform” rating in a research note on Friday. Zacks Research downgraded T. Rowe Price Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 14th. Jefferies Financial Group decreased their target price on T. Rowe Price Group from $107.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft decreased their target price on T. Rowe Price Group from $106.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Finally, Morgan Stanley set a $105.00 target price on T. Rowe Price Group in a research report on Monday. Ten equities research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $98.62.

T. Rowe Price Group Trading Up 0.5%

NASDAQ:TROW traded up $0.54 on Friday, hitting $103.42. The company’s stock had a trading volume of 2,252,173 shares, compared to its average volume of 2,038,838. The stock has a fifty day moving average of $92.87 and a two-hundred day moving average of $99.28. The firm has a market capitalization of $22.51 billion, a P/E ratio of 11.18, a price-to-earnings-growth ratio of 4.50 and a beta of 1.51. T. Rowe Price Group has a one year low of $85.22 and a one year high of $118.22.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Thursday, April 30th. The asset manager reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.15. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. T. Rowe Price Group had a return on equity of 20.67% and a net margin of 28.28%.The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.23 earnings per share. As a group, sell-side analysts anticipate that T. Rowe Price Group will post 9.6 EPS for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were paid a $1.30 dividend. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.27. The ex-dividend date was Monday, March 16th. This represents a $5.20 annualized dividend and a yield of 5.0%. T. Rowe Price Group’s dividend payout ratio is presently 56.22%.

Institutional Investors Weigh In On T. Rowe Price Group

A number of large investors have recently added to or reduced their stakes in TROW. Fidelis Capital Partners LLC acquired a new stake in shares of T. Rowe Price Group in the 3rd quarter valued at $540,000. Greenspring Advisors LLC acquired a new stake in shares of T. Rowe Price Group in the 3rd quarter valued at $1,583,000. First Citizens Bank & Trust Co. boosted its holdings in shares of T. Rowe Price Group by 141.9% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 175,885 shares of the asset manager’s stock valued at $18,053,000 after purchasing an additional 103,174 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of T. Rowe Price Group by 17.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 79,003 shares of the asset manager’s stock valued at $8,088,000 after purchasing an additional 11,691 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of T. Rowe Price Group by 43.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 312,768 shares of the asset manager’s stock valued at $32,021,000 after purchasing an additional 95,351 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Key Headlines Impacting T. Rowe Price Group

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

• Positive Sentiment: Q1 earnings beat and strong profitability — T. Rowe reported $2.52 EPS vs. $2.37 consensus, with revenue roughly in line (~$1.86B) and healthy margins/ROE, supporting upside to the stock. Read More.
• Positive Sentiment: Profit growth despite flows — Management said rising asset values helped offset client outflows, producing higher profit for the quarter, which investors view as resilience in fee revenue. Read More.
• Positive Sentiment: Analyst price-target increase — Keefe, Bruyette & Woods raised its price target to $107 (from $95) while keeping a “market perform” rating, signaling modest analyst confidence but constrained upside. Read More.
• Neutral Sentiment: Mixed AUM and fee trends — Coverage highlights rising advisory fees and year‑over‑year AUM growth in some reports, while others note quarter‑level AUM declines and client outflows; this creates ambiguity on near‑term fee trajectory. Read More. Read More.
• Neutral Sentiment: Earnings materials and transparency — The company released its slide deck and call transcript, giving investors detail on fee mix, flows and cost dynamics to assess sustainability of margins. Read More.
• Negative Sentiment: Conflicting revenue coverage — At least one outlet flagged a revenue miss for Q1, adding short‑term headline risk and fueling some sell‑side debate over near‑term growth momentum. Read More.

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.