Equities Analysts Set Expectations for TROW FY2027 Earnings

T. Rowe Price Group, Inc. (NASDAQ:TROW) – Equities research analysts at Zacks Research issued their FY2027 earnings per share (EPS) estimates for T. Rowe Price Group in a research report issued to clients and investors on Wednesday, February 26th. Zacks Research analyst R. Department forecasts that the asset manager will post earnings per share of $9.96 for the year. The consensus estimate for T. Rowe Price Group’s current full-year earnings is $9.29 per share.

A number of other research firms also recently commented on TROW. Evercore ISI increased their price objective on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Wells Fargo & Company reduced their price target on shares of T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Morgan Stanley lowered their price objective on T. Rowe Price Group from $126.00 to $121.00 and set an “equal weight” rating for the company in a report on Monday. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. Finally, TD Cowen dropped their price target on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $114.09.

T. Rowe Price Group Trading Down 1.0 %

TROW stock opened at $103.73 on Friday. The firm has a 50 day simple moving average of $111.96 and a 200-day simple moving average of $112.32. The company has a market capitalization of $23.09 billion, a P/E ratio of 11.32, a PEG ratio of 2.86 and a beta of 1.44. T. Rowe Price Group has a twelve month low of $100.49 and a twelve month high of $125.81.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same period in the previous year, the company posted $1.72 earnings per share.

Hedge Funds Weigh In On T. Rowe Price Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its stake in shares of T. Rowe Price Group by 10.4% during the third quarter. Private Advisor Group LLC now owns 12,060 shares of the asset manager’s stock valued at $1,314,000 after acquiring an additional 1,134 shares during the period. Pallas Capital Advisors LLC boosted its stake in T. Rowe Price Group by 10.6% during the 3rd quarter. Pallas Capital Advisors LLC now owns 3,964 shares of the asset manager’s stock valued at $444,000 after purchasing an additional 380 shares in the last quarter. abrdn plc increased its position in shares of T. Rowe Price Group by 4.2% during the 3rd quarter. abrdn plc now owns 114,587 shares of the asset manager’s stock valued at $12,412,000 after purchasing an additional 4,569 shares during the period. Mutual Advisors LLC raised its stake in shares of T. Rowe Price Group by 7.0% in the 3rd quarter. Mutual Advisors LLC now owns 40,766 shares of the asset manager’s stock worth $4,566,000 after buying an additional 2,674 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its holdings in shares of T. Rowe Price Group by 4.8% in the third quarter. Pinnacle Associates Ltd. now owns 16,186 shares of the asset manager’s stock valued at $1,743,000 after buying an additional 741 shares during the period. Institutional investors own 73.39% of the company’s stock.

Insider Activity at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the sale, the vice president now directly owns 119,577 shares in the company, valued at $14,749,822.95. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the sale, the vice president now directly owns 36,800 shares in the company, valued at $4,021,136. The trade was a 10.05 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

T. Rowe Price Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date is Friday, March 14th. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.24. T. Rowe Price Group’s dividend payout ratio (DPR) is 55.46%.

T. Rowe Price Group Company Profile

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.