California State Teachers Retirement System Trims Stake in T. Rowe Price Group, Inc. $TROW

California State Teachers Retirement System reduced its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 421,952 shares of the asset manager’s stock after selling 6,845 shares during the period. California State Teachers Retirement System owned approximately 0.20% of T. Rowe Price Group worth $38,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TROW. Royal Bank of Canada grew its position in shares of T. Rowe Price Group by 3.8% during the first quarter. Royal Bank of Canada now owns 419,071 shares of the asset manager’s stock valued at $37,776,000 after purchasing an additional 15,530 shares in the last quarter. Quantinno Capital Management LP boosted its holdings in shares of T. Rowe Price Group by 2.4% in the first quarter. Quantinno Capital Management LP now owns 310,375 shares of the asset manager’s stock valued at $27,977,000 after purchasing an additional 7,310 shares during the period. Gateway Wealth Partners LLC bought a new position in T. Rowe Price Group during the 1st quarter worth about $239,000. OMERS ADMINISTRATION Corp raised its position in shares of T. Rowe Price Group by 25.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 36,192 shares of the asset manager’s stock worth $3,262,000 after acquiring an additional 7,233 shares in the last quarter. Finally, Aristotle Atlantic Partners LLC purchased a new stake in T. Rowe Price Group during the first quarter valued at approximately $270,000. Institutional investors own 73.39% of the company’s stock.

Insider Activity

In other T. Rowe Price Group news, VP Stephon A. Jackson sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $102.56, for a total value of $307,680.00. Following the sale, the vice president owned 83,883 shares of the company’s stock, valued at $8,603,040.48. The trade was a 3.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

T. Rowe Price Group Trading Down 6.3%

NASDAQ TROW opened at $111.75 on Friday. T. Rowe Price Group, Inc. has a 52 week low of $85.22 and a 52 week high of $122.00. The company’s fifty day simple moving average is $111.77 and its 200-day simple moving average is $102.15. The stock has a market cap of $23.94 billion, a P/E ratio of 11.98, a PEG ratio of 4.28 and a beta of 1.47.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, July 31st. The asset manager reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.52 by $0.05. T. Rowe Price Group had a net margin of 28.28% and a return on equity of 20.60%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $2.24 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, research analysts expect that T. Rowe Price Group, Inc. will post 10.11 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were given a $1.30 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.7%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 55.73%.

T. Rowe Price Group News Roundup

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

• Positive Sentiment: Quarterly results exceeded expectations: T. Rowe Price reported second-quarter revenue of $1.91 billion, up 10.7% year over year, while adjusted EPS of $2.57 topped the $2.52 consensus estimate. T. Rowe Price Q2 Earnings Top Estimates on Higher Revenues and Record AUM
• Positive Sentiment: Assets under management reached a record: Ending AUM was approximately $1.893 trillion, and average AUM increased 15.7% from a year earlier, supporting higher advisory fees and revenue. The company also returned $441 million to shareholders through dividends and repurchases. T. Rowe Price Q2 Earnings and AUM Report
• Neutral Sentiment: Investor focus is on the earnings call and outlook: The quarterly earnings call provided additional context on flows, expenses and the firm’s growth initiatives, which may shape expectations for future asset gathering and profitability. T. Rowe Price Group Q2 2026 Earnings Call Transcript
• Negative Sentiment: Net client outflows remain a key concern: The company recorded approximately $6.5 billion in net outflows during the quarter, suggesting continued pressure on organic growth despite market-driven AUM gains.
• Negative Sentiment: Expenses increased substantially: Operating expenses rose 9.8% year over year to about $1.37 billion, limiting the benefit of stronger revenue and reinforcing concerns about cost control.
• Negative Sentiment: Options activity and broker sentiment were cautious: Put-option purchases were roughly 151% above average, while brokerages maintained a consensus “Reduce” recommendation, adding to near-term selling pressure. T. Rowe Price Consensus Reduce Recommendation

Analysts Set New Price Targets

Several research firms have recently commented on TROW. JPMorgan Chase & Co. dropped their price objective on shares of T. Rowe Price Group from $106.00 to $103.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. Weiss Ratings raised T. Rowe Price Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 2nd. TD Cowen dropped their price target on shares of T. Rowe Price Group from $108.00 to $107.00 and set a “hold” rating for the company in a research report on Monday, July 20th. Morgan Stanley set a $116.00 price target on shares of T. Rowe Price Group in a research note on Wednesday. Finally, Jefferies Financial Group lowered their price objective on T. Rowe Price Group from $107.00 to $91.00 and set a “hold” rating for the company in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $105.08.

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.