Steigerwald Gordon & Koch Inc. Has $10.29 Million Stock Holdings in T. Rowe Price Group, Inc. $TROW
by Sarita Garza · The Markets DailySteigerwald Gordon & Koch Inc. decreased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW – Free Report) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,469 shares of the asset manager’s stock after selling 11,705 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in T. Rowe Price Group were worth $10,286,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of T. Rowe Price Group by 540.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 282 shares of the asset manager’s stock worth $29,000 after acquiring an additional 238 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of T. Rowe Price Group during the 3rd quarter worth approximately $30,000. Canton Hathaway LLC acquired a new stake in shares of T. Rowe Price Group during the 4th quarter worth approximately $31,000. Sound Income Strategies LLC boosted its position in shares of T. Rowe Price Group by 170.3% during the 4th quarter. Sound Income Strategies LLC now owns 300 shares of the asset manager’s stock worth $32,000 after acquiring an additional 189 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its position in shares of T. Rowe Price Group by 84.3% during the 3rd quarter. Salomon & Ludwin LLC now owns 317 shares of the asset manager’s stock worth $33,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.
T. Rowe Price Group News Summary
Here are the key news stories impacting T. Rowe Price Group this week:
- Positive Sentiment: T. Rowe Price launched into the CLO market with a ~$403.6 million issuance to expand its fixed‑income platform, aiming to access higher‑income credit opportunities and boost fee/income diversification. This strategic move could support future revenue and margins if CLO demand and credit performance hold. T. Rowe Price Expands Fixed Income Platform Through CLO Launch MSN Coverage
- Neutral Sentiment: Product/upgrades: T. Rowe rolled out a 529 plan refresh highlighting an emphasis on education-focused solutions and potential valuation upside; this may broaden distribution but is a longer‑term positive rather than an immediate earnings driver. T. Rowe Price 529 Refresh
- Neutral Sentiment: Income appeal: TROW continues to be featured in dividend/income roundups, which can support steady retail and income‑oriented flows but won’t offset near‑term headwinds alone. Dividend Aristocrat Coverage
- Negative Sentiment: Analyst pressure: Multiple brokerages trimmed price targets and maintained cautious ratings this week (Evercore to $96, BMO to $98 with Market Perform, TD Cowen to $93 with Hold, plus Bank of America cuts and Goldman Sachs maintaining a Sell). The string of downgrades and lower targets signals concerns about fee pressure, net inflows and near‑term results, which is weighing on the stock. Evercore Target Cut BMO Coverage TD Cowen Target Cut Bank of America Coverage Goldman Sachs Sell Rating
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the stock. Argus upgraded shares of T. Rowe Price Group to a “hold” rating 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. Barclays set a $94.00 target price on shares of T. Rowe Price Group in a research report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft cut their target price on shares of T. Rowe Price Group from $106.00 to $100.00 and set a “hold” rating on the stock in a research report on Thursday, February 5th. Finally, Morgan Stanley cut their target price on shares of T. Rowe Price Group from $115.00 to $107.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 1st. Twelve analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $97.00.
Read Our Latest Stock Analysis on T. Rowe Price Group
T. Rowe Price Group Price Performance
Shares of T. Rowe Price Group stock opened at $91.49 on Friday. T. Rowe Price Group, Inc. has a fifty-two week low of $82.86 and a fifty-two week high of $118.22. The firm has a market capitalization of $19.91 billion, a P/E ratio of 9.89, a P/E/G ratio of 3.92 and a beta of 1.50. The company’s 50 day moving average price is $92.12 and its two-hundred day moving average price is $99.74.
T. Rowe Price Group (NASDAQ:TROW – Get Free Report) last issued its earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). T. Rowe Price Group had a net margin of 28.53% and a return on equity of 20.29%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter in the prior year, the business earned $2.12 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.
T. Rowe Price Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Monday, March 16th. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.27. This represents a $5.20 annualized dividend and a dividend yield of 5.7%. T. Rowe Price Group’s payout ratio is 56.22%.
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.