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

Several analysts have recently updated their ratings and price targets for T. Rowe Price Group (NASDAQ: TROW):

• 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.
• 12/20/2024 – T. Rowe Price Group had its price target raised by analysts at Keefe, Bruyette & Woods from $114.00 to $116.00. They now have a “market perform” rating on the stock.
• 12/20/2024 – T. Rowe Price Group had its price target raised by analysts at Morgan Stanley from $129.00 to $132.00. They now have an “equal weight” rating on the stock.
• 12/20/2024 – T. Rowe Price Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 12/12/2024 – T. Rowe Price Group had its price target raised by analysts at Wells Fargo & Company from $112.00 to $124.00. They now have an “equal weight” rating on the stock.
• 12/9/2024 – T. Rowe Price Group had its price target raised by analysts at Barclays PLC from $110.00 to $115.00. They now have an “underweight” rating on the stock.

T. Rowe Price Group Stock Performance

Shares of NASDAQ TROW traded down $1.00 during trading hours on Wednesday, hitting $114.65. 507,602 shares of the stock were exchanged, compared to its average volume of 1,301,606. The company has a market cap of $25.47 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 1.68 and a beta of 1.43. The company’s fifty day simple moving average is $117.07 and its two-hundred day simple moving average is $112.73. T. Rowe Price Group, Inc. has a 1-year low of $100.49 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $2.17 earnings per share. As a group, sell-side analysts expect that T. Rowe Price Group, Inc. will post 9.45 EPS for the current fiscal year.

Insider Activity

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TROW. APG Asset Management N.V. boosted its holdings in shares of T. Rowe Price Group by 205.9% during the 2nd quarter. APG Asset Management N.V. now owns 26,742 shares of the asset manager’s stock valued at $2,877,000 after acquiring an additional 18,000 shares during the last quarter. Mackenzie Financial Corp raised its position in shares of T. Rowe Price Group by 19.2% during the second quarter. Mackenzie Financial Corp now owns 30,085 shares of the asset manager’s stock valued at $3,469,000 after buying an additional 4,841 shares during the last quarter. Creative Planning raised its position in shares of T. Rowe Price Group by 5.4% during the second quarter. Creative Planning now owns 55,147 shares of the asset manager’s stock valued at $6,359,000 after buying an additional 2,827 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of T. Rowe Price Group by 0.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,910 shares of the asset manager’s stock valued at $2,757,000 after purchasing an additional 118 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of T. Rowe Price Group in the second quarter valued at $86,000. 73.39% of the stock is currently owned by institutional investors.

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.