589,284 Shares in T. Rowe Price Group, Inc. $TROW Acquired by PFA Pension Forsikringsaktieselskab

Key Points

• PFA Pension initiated a new stake in T. Rowe Price by acquiring 589,284 shares (~$61.07M), representing about 0.27% of the company amid 73.39% institutional ownership.
• Q1 earnings beat: T. Rowe Price reported $2.52 EPS vs. $2.37 consensus with ~$1.86B revenue, a 28.28% net margin and 20.67% ROE, driven in part by rising asset values offsetting client outflows.
• T. Rowe Price raised its quarterly dividend to $1.30 (annualized $5.20), implying a 5.0% yield and a payout ratio of about 55.7%.

PFA Pension Forsikringsaktieselskab bought a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 589,284 shares of the asset manager's stock, valued at approximately $61,073,000. PFA Pension Forsikringsaktieselskab owned approximately 0.27% of T. Rowe Price Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TROW. Fidelis Capital Partners LLC acquired a new stake in T. Rowe Price Group in the third quarter worth $540,000. Greenspring Advisors LLC acquired a new stake in T. Rowe Price Group in the third quarter worth $1,583,000. First Citizens Bank & Trust Co. raised its holdings in T. Rowe Price Group by 141.9% in the third quarter. First Citizens Bank & Trust Co. now owns 175,885 shares of the asset manager's stock worth $18,053,000 after purchasing an additional 103,174 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in T. Rowe Price Group by 17.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,003 shares of the asset manager's stock worth $8,088,000 after purchasing an additional 11,691 shares during the period. Finally, Assenagon Asset Management S.A. raised its holdings in T. Rowe Price Group by 43.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 312,768 shares of the asset manager's stock worth $32,021,000 after purchasing an additional 95,351 shares during the period. 73.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on TROW shares. BMO Capital Markets cut their target price on shares of T. Rowe Price Group from $104.00 to $98.00 and set a "market perform" rating on the stock in a report on Friday, April 10th. Evercore set a $104.00 price objective on shares of T. Rowe Price Group in a report on Friday. Barclays raised their price objective on shares of T. Rowe Price Group from $87.00 to $89.00 and gave the stock an "underweight" rating in a report on Friday. TD Cowen raised their price objective on shares of T. Rowe Price Group from $93.00 to $94.00 and gave the stock a "hold" rating in a report on Friday. Finally, 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. Ten research analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, T. Rowe Price Group presently has an average rating of "Reduce" and an average target price of $98.62.

T. Rowe Price Group Price Performance

Shares of TROW opened at $103.42 on Friday. The firm has a 50-day moving average of $92.87 and a 200-day moving average of $99.24. T. Rowe Price Group, Inc. has a one year low of $85.22 and a one year high of $118.22. The company has a market cap of $22.51 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 4.53 and a beta of 1.51.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The asset manager reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.37 by $0.15. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. T. Rowe Price Group had a net margin of 28.28% and a return on equity of 20.67%. The company's quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.23 EPS. Analysts expect that T. Rowe Price Group, Inc. will post 9.6 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, March 16th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.27. T. Rowe Price Group's payout ratio is presently 55.73%.

T. Rowe Price Group News Summary

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

• Positive Sentiment: Q1 earnings beat and strong profitability — T. Rowe reported $2.52 EPS vs. $2.37 consensus, with revenue roughly in line (~$1.86B) and healthy margins/ROE, supporting upside to the stock. Read More.
• Positive Sentiment: Profit growth despite flows — Management said rising asset values helped offset client outflows, producing higher profit for the quarter, which investors view as resilience in fee revenue. Read More.
• Positive Sentiment: Analyst price-target increase — Keefe, Bruyette & Woods raised its price target to $107 (from $95) while keeping a "market perform" rating, signaling modest analyst confidence but constrained upside. Read More.
• Neutral Sentiment: Mixed AUM and fee trends — Coverage highlights rising advisory fees and year‑over‑year AUM growth in some reports, while others note quarter‑level AUM declines and client outflows; this creates ambiguity on near‑term fee trajectory. Read More. Read More.
• Neutral Sentiment: Earnings materials and transparency — The company released its slide deck and call transcript, giving investors detail on fee mix, flows and cost dynamics to assess sustainability of margins. Read More.
• Negative Sentiment: Conflicting revenue coverage — At least one outlet flagged a revenue miss for Q1, adding short‑term headline risk and fueling some sell‑side debate over near‑term growth momentum. Read More.

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.

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