In the third quarter, Transcend Capital Advisors LLC established a new position in T. Rowe Price Group by acquiring 5,961 shares valued at approximately $612,000, according to the latest 13F filing with the SEC. This move follows significant position changes by other major institutions: First Trust Advisors LP increased its holding by 137.7%, adding 1,993,920 shares for a total stake worth $332.1 million; Norges Bank initiated a new position valued at $82.8 million; ARGA Investment Management LP expanded its stake by 3,807.3%, adding 464,949 shares for a $46.0 million position; and Virginia Retirement Systems and ProShare Advisors LLC also added positions worth $37.7 million and $182.2 million respectively. Institutional investors now control 73.39% of the company’s outstanding stock.

Equity research firms have recently recalibrated their outlook on T. Rowe Price Group. Evercore ISI lifted its target from $115.00 to $116.00, while BMO Capital Markets increased its objective from $108.00 to $110.00, assigning a market-perform rating. Conversely, JPMorgan Chase & Co. downgraded the shares to underweight and lowered its target from $111.00 to $108.00. Zacks Research moved its rating from strong-buy to hold, and Weiss Ratings maintained a hold (c+) designation. As of the latest MarketBeat data, the consensus recommendation stands at Reduce, based on eleven hold ratings and four sell ratings, with an average target of $107.31.

On December 10, vice president Arif Husain sold 4,260 shares of T. Rowe Price Group stock in a transaction reported to the SEC, resulting in proceeds of $434,349.60. Following the sale, Husain’s ownership declined to 47,102 shares, representing an 8.29% reduction in his position. Corporate insiders collectively hold 2.00% of the company’s outstanding shares, underscoring the measured nature of this sale within the firm’s broader insider ownership structure.

In its fiscal third quarter ended October 31, T. Rowe Price Group reported earnings per share of $2.81, surpassing the consensus estimate by $0.26, while revenues reached $1.89 billion, slightly above the street forecast of $1.88 billion. Net margin improved to 28.89% and return on equity stood at 19.95%. Year-over-year, EPS rose from $2.57 and revenue grew 6.0%. The firm’s market capitalization is $23.27 billion, with a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 2.56 and a beta of 1.52. Technical indicators show a 50-day moving average of $104.80 and a 200-day average of $104.69, while the 12-month trading range spans from $77.85 to $118.22.