Analysts Offer Predictions for TROW FY2027 Earnings

T. Rowe Price Group, Inc. (NASDAQ:TROW) – Investment analysts at Zacks Research issued their FY2027 earnings estimates for T. Rowe Price Group in a research note issued to investors on Wednesday, February 26th. Zacks Research analyst R. Department expects 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.

Several other analysts also recently issued reports on the company. Evercore ISI boosted their price objective on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, November 11th. TD Cowen lowered their price objective on shares of 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. Wells Fargo & Company cut their target price 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 note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Four research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.09.

T. Rowe Price Group Stock Down 1.0 %

Shares of NASDAQ TROW opened at $103.73 on Friday. T. Rowe Price Group has a 12 month low of $100.49 and a 12 month high of $125.81. The company has a market cap of $23.09 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 2.86 and a beta of 1.44. The business has a fifty day simple moving average of $111.96 and a 200-day simple moving average of $112.32.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data 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 last year, the company posted $1.72 EPS.

Hedge Funds Weigh In On T. Rowe Price Group

Institutional investors have recently bought and sold shares of the stock. Private Advisor Group LLC raised its stake in shares of T. Rowe Price Group by 10.4% in the 3rd 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 in the last quarter. Pallas Capital Advisors LLC grew its holdings in T. Rowe Price Group by 10.6% during the third 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 during the last quarter. abrdn plc grew its holdings in T. Rowe Price Group by 4.2% during the third 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 last quarter. Mutual Advisors LLC raised its position in shares of T. Rowe Price Group by 7.0% in the third quarter. Mutual Advisors LLC now owns 40,766 shares of the asset manager’s stock valued at $4,566,000 after purchasing an additional 2,674 shares during the period. Finally, Pinnacle Associates Ltd. lifted its stake 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 worth $1,743,000 after buying an additional 741 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Arif Husain sold 4,112 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total value of $449,318.24. Following the transaction, the vice president now owns 36,800 shares in the company, valued at approximately $4,021,136. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 119,577 shares in the company, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

T. Rowe Price Group Increases Dividend

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

About T. Rowe Price Group

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.