Barclays Cuts T. Rowe Price Group (NASDAQ:TROW) Price Target to $101.00

T. Rowe Price Group (NASDAQ:TROW) had its price objective reduced by Barclays from $102.00 to $101.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an underweight rating on the asset manager’s stock.

TROW has been the subject of several other research reports. Keefe, Bruyette & Woods dropped their price objective on T. Rowe Price Group from $117.00 to $115.00 and set a “market perform” rating for the company in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft cut their price objective on T. Rowe Price Group from $113.00 to $106.00 and set a “hold” rating for the company in a report on Wednesday, December 17th. Morgan Stanley raised their target price on shares of T. Rowe Price Group from $126.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. boosted their price target on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock an “underweight” rating in a research note on Monday, November 3rd. Finally, Zacks Research lowered shares of T. Rowe Price Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Twelve research analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $107.54.

T. Rowe Price Group Trading Down 0.8%

TROW stock opened at $106.49 on Thursday. The firm has a 50 day moving average of $103.69 and a 200-day moving average of $104.34. The firm has a market capitalization of $23.24 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 2.56 and a beta of 1.52. T. Rowe Price Group has a 12 month low of $77.85 and a 12 month high of $118.32.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Friday, October 31st. The asset manager reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.26. T. Rowe Price Group had a net margin of 28.89% and a return on equity of 19.95%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the firm posted $2.57 EPS. T. Rowe Price Group’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that T. Rowe Price Group will post 9.29 EPS for the current year.

T. Rowe Price Group Dividend Announcement

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

Insider Activity

In related news, VP Arif Husain sold 4,260 shares of the 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 owned 47,102 shares of the company’s stock, valued at approximately $4,802,519.92. This trade represents a 8.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On T. Rowe Price Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP boosted its stake in shares of T. Rowe Price Group by 137.7% during the second quarter. First Trust Advisors LP now owns 3,441,458 shares of the asset manager’s stock valued at $332,101,000 after purchasing an additional 1,993,920 shares during the period. Norges Bank bought a new stake in T. Rowe Price Group during the 2nd quarter valued at $82,756,000. Caisse de depot et placement du Quebec raised its holdings in T. Rowe Price Group by 81.0% during the 3rd quarter. Caisse de depot et placement du Quebec now owns 1,306,922 shares of the asset manager’s stock valued at $134,142,000 after buying an additional 584,949 shares during the last quarter. ARGA Investment Management LP boosted its position in T. Rowe Price Group by 3,807.3% during the 2nd quarter. ARGA Investment Management LP now owns 477,161 shares of the asset manager’s stock valued at $46,046,000 after buying an additional 464,949 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in T. Rowe Price Group in the 2nd quarter worth $37,722,000. 73.39% of the stock is currently owned by institutional investors.

T. Rowe Price Group News Roundup

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

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.