TD Cowen Has Lowered Expectations for T. Rowe Price Group (NASDAQ:TROW) Stock Price

Key Points

• TD Cowen cut its price target on T. Rowe Price to $93 from $97 and kept a "hold" rating, joining several brokers that have trimmed targets and leaving the consensus analyst view at "Reduce" with a $97.69 average target.
• The stock trades around $91.57 (market cap ~$19.9B), below its 200‑day moving average and near the lower end of its 52‑week range, suggesting limited near‑term upside versus analyst targets.
• T. Rowe Price slightly missed quarterly EPS ($2.44 vs. $2.47) while revenue rose 6%, but analysts warn that increasingly structural outflows are the principal risk to future revenue and margins.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) had its target price cut by research analysts at TD Cowen from $97.00 to $93.00 in a note issued to investors on Thursday,MarketScreener reports. The brokerage currently has a "hold" rating on the asset manager's stock. TD Cowen's target price would indicate a potential upside of 1.57% from the stock's current price.

Several other brokerages have also weighed in on TROW. Evercore lowered their target price on shares of T. Rowe Price Group from $106.00 to $99.00 in a research report on Friday, March 6th. Barclays set a $94.00 target price on shares of T. Rowe Price Group in a research report on Thursday, February 5th. Weiss Ratings restated a "hold (c+)" rating on shares of T. Rowe Price Group in a research report on Monday, December 29th. BMO Capital Markets lowered their target price on shares of T. Rowe Price Group from $110.00 to $104.00 and set a "market perform" rating on the stock in a research report on Thursday, February 12th. Finally, Jefferies Financial Group lowered their target price on shares of T. Rowe Price Group from $107.00 to $91.00 and set a "hold" rating on the stock in a research report on Wednesday. Twelve investment analysts have rated the stock with a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, T. Rowe Price Group currently has an average rating of "Reduce" and a consensus price target of $97.69.

T. Rowe Price Group Stock Down 0.3%

NASDAQ TROW opened at $91.57 on Thursday. The stock has a market capitalization of $19.93 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.80 and a beta of 1.50. T. Rowe Price Group has a 52-week low of $82.86 and a 52-week high of $118.22. The firm has a 50-day moving average price of $92.65 and a 200 day moving average price of $99.93.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.03). The firm had revenue of $1.93 billion for the quarter, compared to analysts' expectations of $1.92 billion. T. Rowe Price Group had a return on equity of 20.29% and a net margin of 28.53%.The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.12 earnings per share. On average, equities research analysts expect that T. Rowe Price Group will post 9.29 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC grew its holdings in T. Rowe Price Group by 91.8% during the 4th quarter. TD Private Client Wealth LLC now owns 257 shares of the asset manager's stock worth $26,000 after acquiring an additional 123 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position 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 purchasing an additional 238 shares during the last quarter. Root Financial Partners LLC bought a new stake in T. Rowe Price Group in the 3rd quarter valued at about $30,000. Canton Hathaway LLC bought a new stake in T. Rowe Price Group in the 4th quarter valued at about $31,000. Finally, Sound Income Strategies LLC lifted its position 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 purchasing an additional 189 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

More T. Rowe Price Group News

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

• Positive Sentiment: 529 refresh highlights product focus and potential valuation upside — T. Rowe’s update to its 529 college-savings offering underscores a strategic emphasis on education products that could drive flows or improve long-term fee growth if adoption picks up. T. Rowe Price 529 Refresh Highlights Education Focus And Valuation Upside Potential
• Neutral Sentiment: Private-credit marketplace remains active — broader industry launches of private-credit funds continue despite rising redemptions; this trend may create product opportunities for asset managers like T. Rowe but is not an immediate revenue guarantee. New Private Credit Funds Are Being Launched Even as Redemptions Rise. Here's Why.
• Negative Sentiment: Bank of America trims price target and flags a “challenging” start to 2026 — BofA’s cut signals concern about near-term performance and client activity, adding downward pressure on sentiment. Bank of America cuts T Rowe (TROW) price target, sees “challenging” start to 2026
• Negative Sentiment: Goldman Sachs maintains a sell stance and issues a pessimistic forecast — adds to negative analyst coverage and could prolong weak investor sentiment. Goldman Sachs Sticks to Its Sell Rating for T Rowe Price (TROW) The Goldman Sachs Group Issues Pessimistic Forecast for T. Rowe Price Group
• Negative Sentiment: Multiple firms cut price targets or trim expectations — Keefe, Bruyette & Woods lowered its target to $95 (market perform) and Jefferies cut to $91 (hold), signaling reduced upside in near term and reinforcing cautious analyst positioning. Keefe, Bruyette & Woods price-target note (Benzinga) Jefferies adjusts T. Rowe Price Group price target to $91
• Negative Sentiment: Structural outflows concern — analysis argues T. Rowe’s outflows are increasingly structural rather than cyclical, which is the most significant fundamental risk for revenue and margins over coming quarters. T. Rowe Price: Outflows Are Increasingly Structural

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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