T. Rowe Price Group, Inc. $TROW Shares Sold by Provident Trust Co.

Key Points

• Provident Trust Co. trimmed its stake in T. Rowe Price by 4.5%, selling 116,111 shares and still holding 2,442,945 shares (about 1.12% of TROW, worth roughly $250.1M), making it Provident's 11th largest position.
• T. Rowe Price beat Q1 estimates with $2.52 EPS vs. $2.37 consensus and reported healthy margins/ROE, with rising asset values offsetting client outflows to boost quarterly profit.
• The firm raised its quarterly dividend to $1.30 (a 5.0% yield), but analyst sentiment is mixed—MarketBeat shows a consensus "Reduce" rating and an average target price of $98.62 versus the stock trading near $103.42.

Provident Trust Co. cut its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 4.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,442,945 shares of the asset manager's stock after selling 116,111 shares during the period. T. Rowe Price Group accounts for about 4.2% of Provident Trust Co.'s holdings, making the stock its 11th biggest position. Provident Trust Co. owned 1.12% of T. Rowe Price Group worth $250,109,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TROW. Thurston Springer Miller Herd & Titak Inc. raised its holdings in T. Rowe Price Group by 540.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager's stock valued at $29,000 after acquiring an additional 238 shares during the last quarter. Root Financial Partners LLC acquired a new position in T. Rowe Price Group in the 3rd quarter valued at $30,000. Canton Hathaway LLC acquired a new position in T. Rowe Price Group in the 4th quarter valued at $31,000. Sound Income Strategies LLC raised its holdings in T. Rowe Price Group by 170.3% in the 4th quarter. Sound Income Strategies LLC now owns 300 shares of the asset manager's stock valued at $32,000 after acquiring an additional 189 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in T. Rowe Price Group by 84.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 317 shares of the asset manager's stock valued at $33,000 after acquiring an additional 145 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group News Roundup

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.

T. Rowe Price Group Stock Up 0.5%

TROW stock opened at $103.42 on Friday. The business has a fifty day simple moving average of $92.87 and a 200-day simple moving average of $99.24. T. Rowe Price Group, Inc. has a 52 week low of $85.22 and a 52 week high of $118.22. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 4.53 and a beta of 1.51.

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

T. Rowe Price Group Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zacks Research downgraded T. Rowe Price Group from a "hold" rating to a "strong sell" rating in a report on Tuesday, April 14th. Barclays upped their price objective on T. Rowe Price Group from $87.00 to $89.00 and gave the stock an "underweight" rating in a report on Friday. TD Cowen upped their price objective on T. Rowe Price Group from $93.00 to $94.00 and gave the stock a "hold" rating in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on T. Rowe Price Group from $106.00 to $100.00 and set a "hold" rating for the company in a report on Thursday, February 5th. Finally, The Goldman Sachs Group upped their price objective on T. Rowe Price Group from $85.00 to $90.00 in a report on Friday. Ten analysts have rated the stock with a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $98.62.

T. Rowe Price Group Profile

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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