Analysts’ Weekly Ratings Changes for T. Rowe Price Group (TROW)

A number of firms have modified their ratings and price targets on shares of T. Rowe Price Group (NASDAQ: TROW) recently:

• 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.
• 11/11/2024 – T. Rowe Price Group had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $115.00 to $120.00. They now have a “hold” rating on the stock.

T. Rowe Price Group Stock Performance

T. Rowe Price Group stock opened at $112.84 on Thursday. T. Rowe Price Group, Inc. has a 52 week low of $100.49 and a 52 week high of $125.81. The stock has a market capitalization of $25.07 billion, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43. The stock has a fifty day moving average of $118.22 and a 200-day moving average of $113.05.

T. Rowe Price Group (NASDAQ:TROW) last posted its 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 firm 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 revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.17 earnings per share. On average, research analysts forecast that T. Rowe Price Group, Inc. will post 9.39 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a dividend of $1.24 per share. The ex-dividend date was Friday, December 13th. This represents a $4.96 annualized dividend and a dividend yield of 4.40%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 54.27%.

Insider Activity

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction 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 trade represents a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Trading of T. Rowe Price Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Iron Horse Wealth Management LLC increased its stake in shares of T. Rowe Price Group by 90.9% in the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager’s stock valued at $25,000 after buying an additional 110 shares during the period. Hexagon Capital Partners LLC boosted its holdings in T. Rowe Price Group by 54.7% in the third quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 104 shares during the last quarter. True Wealth Design LLC acquired a new stake in T. Rowe Price Group during the 3rd quarter valued at approximately $37,000. Larson Financial Group LLC raised its holdings in T. Rowe Price Group by 866.7% during the 3rd quarter. Larson Financial Group LLC now owns 348 shares of the asset manager’s stock worth $38,000 after purchasing an additional 312 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of T. Rowe Price Group in the 3rd quarter worth approximately $43,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

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.