T. Rowe Price Group (NASDAQ:TROW) Price Target Raised to $90.00 at The Goldman Sachs Group

Key Points

• Goldman Sachs raised its price target on T. Rowe Price to $90 from $85, a level that still implies about a 12.98% downside from the stock's recent price.
• Q1 earnings beat: T. Rowe Price reported $2.52 EPS versus $2.37 expected and roughly in-line $1.86B revenue, with strong profitability metrics (ROE ~20.7%, net margin ~28.3%) and revenue up 5.3% year‑over‑year.
• Analyst sentiment remains tepid overall: the consensus across analysts is an average rating of "Reduce" with an average price target of $98.62, amid mixed upgrades and downgrades from major firms.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) had its price target increased by analysts at The Goldman Sachs Group from $85.00 to $90.00 in a report released on Friday,MarketScreener reports. The Goldman Sachs Group's price objective indicates a potential downside of 12.98% from the company's current price.

Other research analysts have also recently issued research reports about the stock. TD Cowen boosted their price target on shares of T. Rowe Price Group from $93.00 to $94.00 and gave the company a "hold" rating in a research 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 research report on Friday. JPMorgan Chase & Co. decreased their target price 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. Evercore set a $104.00 price target on shares of T. Rowe Price Group in a research note on Friday. Finally, Argus upgraded shares of T. Rowe Price Group to a "hold" rating in a report on Thursday, February 5th. Ten research analysts have rated the stock with a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, T. Rowe Price Group presently has an average rating of "Reduce" and an average price target of $98.62.

T. Rowe Price Group Price Performance

TROW stock opened at $103.42 on Friday. T. Rowe Price Group has a 1 year low of $85.22 and a 1 year high of $118.22. The firm has a market capitalization of $22.51 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 4.50 and a beta of 1.51. The business has a 50 day simple moving average of $92.87 and a 200-day simple moving average of $99.28.

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, topping analysts' consensus estimates of $2.37 by $0.15. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.85 billion. T. Rowe Price Group had a return on equity of 20.67% and a net margin of 28.28%.The firm's revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.23 earnings per share. On average, equities research analysts expect that T. Rowe Price Group will post 9.6 EPS for the current year.

Institutional Trading of T. Rowe Price Group

A number of large investors have recently modified their holdings of TROW. State Street Corp boosted its stake in shares of T. Rowe Price Group by 0.3% in the 4th quarter. State Street Corp now owns 14,159,797 shares of the asset manager's stock valued at $1,449,680,000 after buying an additional 45,530 shares during the period. Goldman Sachs Group Inc. raised its holdings in T. Rowe Price Group by 332.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 8,770,071 shares of the asset manager's stock valued at $897,880,000 after acquiring an additional 6,740,172 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in T. Rowe Price Group by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,073,846 shares of the asset manager's stock valued at $826,600,000 after acquiring an additional 143,109 shares in the last quarter. Invesco Ltd. lifted its stake in T. Rowe Price Group by 3.9% in the fourth quarter. Invesco Ltd. now owns 3,520,858 shares of the asset manager's stock worth $360,465,000 after acquiring an additional 131,438 shares during the last quarter. Finally, Morgan Stanley grew its holdings in T. Rowe Price Group by 16.0% during the 4th quarter. Morgan Stanley now owns 3,443,322 shares of the asset manager's stock worth $352,528,000 after acquiring an additional 476,219 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

Key T. Rowe Price Group News

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 Company 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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