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With a market cap of $23.5 billion, T. Rowe Price Group, Inc. (TROW) is a leading global asset management firm that manages substantial client assets, with a significant portion focused on retirement-related investments. With a long history of investment expertise, independent research, and retirement leadership, the firm is committed to helping investors make better decisions while prioritizing integrity and client interests.
Shares of the Baltimore, Maryland-based company have underperformed the broader market over the past 52 weeks. TROW stock has risen 3.5% over this time frame, while the broader S&P 500 Index ($SPX) has returned 19.3%. Moreover, shares of the company are up 7.8% on a YTD basis, compared to SPX’s 12.4% gain.
Focusing more closely, shares of the company have lagged behind the State Street Financial Select Sector SPDR ETF’s (XLF) 10.4% increase over the past 52 weeks.
Despite reporting better-than-expected Q2 2026 adjusted EPS of $2.57, T. Rowe Price Group shares fell 6.3% on Jul. 31 as net revenue of $1.91 billion missed the consensus and net client outflows remained substantial at $6.5 billion. Investor concerns were reinforced by the decline in the effective investment advisory fee rate to 38.2 bps and adjusted operating expenses rose to $1.20 billion despite record AUM of $1.89 trillion (10.7%).
For the fiscal year ending in December 2026, analysts expect T. Rowe Price Group’s adjusted EPS to grow 4.2% year-over-year to $10.13. The company’s earnings surprise history is mixed. It beat the consensus estimates in three of the last four quarters while missing on another occasion.
Among the 14 analysts covering the stock, the consensus rating is a “Moderate Sell.” That’s based on nine “Hold” ratings, one “Moderate Sell,” and four “Strong Sells.”
This configuration has remained unchanged over the past three months.
On Aug. 5, BofA raised its price target for T. Rowe Price Group to $94 and maintained an “Underperform” rating.
As of writing, the stock is trading above the mean price target of $108.54. The Street-high price target of $124 suggests a 10.6% potential upside.
