T. Rowe Price stock holds firm as TD Cowen lifts target
Published on 09/01/2026 at 10:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
T. Rowe Price Group (US74144T1088) is trading near $110.88, while TD Cowen lifted its target to $110 from $108 and kept a Hold rating on August 31, 2026. The latest quarter also gave investors $2.57 in adjusted EPS on $1.91 billion of revenue, both above expectations.
Analysts stay cautious
The new target sits below the current share price in the source snapshot, which leaves the stock with limited room in that view. MarketBeat showed a consensus target of $105.67 and an average Reduce rating, while the same data set put the 52-week range at $85.22 to $122.00.
That mix matters for a fund manager whose earnings are tied to assets under management and fee rates. T. Rowe Price said second-quarter revenue rose 10.7 percent year over year, yet the company also reported $6.5 billion in net outflows in the quarter.
Dividends and flow pressure
The dividend remains part of the story: the company declared a $1.30 quarterly payout, equal to a $5.20 annualized rate and a 4.7 percent yield in the cited market data. For investors, the tension is clear - cash returns are stable while flows still need to improve.
The same snapshot showed a market cap of $23.74 billion and a trailing P/E of 11.16. T. Rowe Price also reported $7.59 billion in trailing revenue and $2.17 billion in trailing net income, which frames the stock as a profitable but still flow-sensitive asset manager.
F/m deal adds a fixed-income angle
T. Rowe Price has also been linked to the planned purchase of F/m Investments, a move meant to deepen its fixed-income lineup. In the latest market commentary, that deal was treated as part of a broader effort to counter legacy attrition and support future earnings mix.
Fixed income remains the clear product angle here, because it gives the firm a way to broaden beyond core equity and retirement franchises. The company continues to sell mutual funds, separate accounts, target-date products, and managed-account solutions to individual and institutional clients.
Shares and setup
As of August 31, 2026, the stock was quoted at $110.88 with a market cap of $23.652 billion in the market snapshot. The 52-week range of $85.22 to $122.00 shows the shares still trading well below their high, even after the year-to-date gain shown in the data.
More on T. Rowe Price stock
The company remains one of the best-known active managers in the U.S. market, and its product mix is broad enough to absorb changes in client preference. For now, the numbers that matter most are $2.57 in quarterly EPS, $1.91 billion in quarterly revenue, and a market price that sits above the latest consensus target.
Fact box
Company: T. Rowe Price Group, Inc.
ISIN: US74144T1088
Ticker: TROW
Exchange: Nasdaq
Sector / Industry: Financial Services / Asset Management
Index membership: S&P 500
Price (as of August 31, 2026, 11:00 a.m. EDT): $110.88 USD
Market cap: $23.652 billion (as of August 31, 2026)
Next earnings date: October 30, 2026
More on the stock
T. Rowe Price shares were last quoted at $110.88, with the latest snapshot also showing a 52-week range of $85.22 to $122.00 and a dividend yield of 4.67%.
