T. Rowe Price stock falls after Evercore ISI trims price target ahead ex-dividend date
Published on 09/10/2026 at 18:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
T. Rowe Price Group Inc. stock (ISIN US74144T1088, Nasdaq: TROW) closed at USD 107.74 on September 9, 2026, marking a 1.54 percent decline from the prior session and extending its recent underperformance versus the broader market, according to Zacks on September 10, 2026.
Evercore ISI trims target as valuation stays muted
Investor attention is currently centered on a fresh price target move: Evercore ISI has maintained its In-Line rating on T. Rowe Price stock but lowered the price target from USD 118.00 to USD 113.00, a cut of 4.24 percent that leaves the stock trading below the revised level, as GuruFocus reported on September 9, 2026.
Based on a GF Value estimate of USD 121.76 and a current share price of around USD 108.44, T. Rowe Price stock is assessed as roughly 10.9 percent undervalued by GuruFocus, highlighting a valuation gap even after the Evercore ISI target reduction, according to GuruFocus on September 9, 2026.
The same analysis notes that T. Rowe Price stock trades at a trailing price-earnings ratio of 10.88, clearly below its 5 year median P/E of 12.36, a gap that underscores how the market currently prices the asset manager at a discount to its historical valuation multiples, according to GuruFocus.
Dividend timing offers a near term catalyst
Alongside the rating and valuation discussion, the dividend calendar is giving T. Rowe Price stock a clear near term catalyst: the shares go ex dividend on September 15, 2026 for a quarterly payout of USD 1.30 per share, with the payment scheduled for September 29, 2026, as 24/7 Wall St highlighted on September 10, 2026.
With that USD 1.30 quarterly payment translating into USD 5.20 on an annualized basis, the dividend yield on T. Rowe Price stock stands at roughly 4.68 percent at recent prices, putting the asset manager firmly in the high yield bracket among large financial firms, according to 24/7 Wall St.
MarketBeat notes that the quarterly dividend of USD 1.30 per share is paired with a payout ratio of around 52.16 percent of earnings, a level that suggests the distribution remains supported by the company’s current profit base while still leaving room for reinvestment, according to MarketBeat on September 10, 2026.
Recent price moves and risk backdrop
In the latest session, T. Rowe Price stock’s closing level of USD 107.74 meant the shares dropped more than the S&P 500’s 0.48 percent decline, extending a pattern in which the stock had already fallen 3.81 percent over a recent period while the Finance sector lost 0.68 percent and the S&P 500 retreated by 0.97 percent, according to Zacks.
Zacks currently assigns T. Rowe Price stock a Rank 3 (Hold) and cites a forward price earnings ratio of 10.77, reinforcing the picture of a moderately valued income oriented stock whose recent performance has lagged both its sector and the wider market, according to Zacks.
For investors, the combination of a trimmed but still supportive USD 113 price target, a double digit implied valuation gap versus the GF Value estimate of USD 121.76, and a dividend yield near 4.7 percent sets up a nuanced risk reward profile: upside potential is framed by income and possible re rating, while downside risk remains tied to broader equity market volatility and the sensitivity of actively managed asset flows to changing interest rate expectations and commodity price swings, as discussed by Ad hoc news on September 10, 2026.
Stock price and market data
As of the close on September 9, 2026, T. Rowe Price stock finished the Nasdaq session at around USD 108 within an intraday range that left the shares below their 50 day moving average near USD 114, underscoring how the recent pullback has pushed the price away from its short term trend line, according to Ad hoc news.
Key data on T. Rowe Price stock
- Company: T. Rowe Price Group Inc.
- ISIN: US74144T1088
- Ticker: TROW
- Trading venue: Nasdaq
- Price (as of September 9, 2026): 107.74 USD
- Market capitalization: [value] USD (as of September 9, 2026)
- Sector / Industry: Financials / Asset Management
- Index membership: S&P 500
