In the third quarter, Transcend Capital Advisors LLC initiated a position in T. Rowe Price Group by acquiring 5,961 shares of the asset manager’s stock. According to the firm’s latest 13F filing with the Securities and Exchange Commission, this purchase represented an investment of approximately $612,000, marking Transcend’s first reported holding in the company during 2025.

Several large institutions have reallocated their positions in T. Rowe Price during recent quarters. First Trust Advisors LP expanded its holdings by 137.7%, adding 1,993,920 shares to reach a total of 3,441,458 shares. Norges Bank established a new position valued at about $82.8 million, while ARGA Investment Management LP increased its stake by 3,807.3% to 477,161 shares. Virginia Retirement Systems acquired $37.7 million worth of shares, and ProShare Advisors LLC boosted its position by 21.7% to 1,887,935 shares. Overall, institutional investors now control 73.39% of the company’s outstanding shares.

For the quarter ended October 31, T. Rowe Price reported earnings per share of $2.81, exceeding consensus estimates by $0.26. Revenue climbed 6.0% year-over-year to $1.89 billion, narrowly surpassing analyst projections. The firm’s net margin stood at 28.89% and return on equity was 19.95%. Assets under management remained robust despite net outflows, supporting top-line growth and underpinning the company’s price-to-earnings multiple of 11.62 and price-to-earnings-growth ratio of 2.56.

Research firms have updated their outlook on T. Rowe Price in January. Evercore ISI raised its target from $115.00 to $116.00, while BMO Capital Markets lifted its objective from $108.00 to $110.00 and maintained a market-perform view. JPMorgan Chase & Co. lowered its price target from $111.00 to $108.00 and reaffirmed an underweight recommendation. Overall, eleven analysts carry a Hold rating and four recommend Sell, resulting in an average consensus target of $107.31.