Key Takeaways:
- T. Rowe Price Group's (TROW, Financial) assets under management decreased to $1.57 trillion at the end of March.
- The stock experienced a 2.76% drop in pre-market trading following the report.
- Analysts project potential upside with a one-year Target Price averaging $96.75.
A Detailed Look at T. Rowe Price Group's AUM Decline
T. Rowe Price Group (TROW) recently reported a decline in its assets under management (AUM), which fell to $1.57 trillion by March 31, down from $1.63 trillion in February. This downturn was accompanied by net outflows amounting to $1.8 billion over the course of March. Consequently, T. Rowe Price shares dropped 2.76% in pre-market trading to $87.67.
Wall Street's Take on T. Rowe Price Group's Future
According to the one-year price projections from 12 Wall Street analysts, T. Rowe Price Group Inc (TROW, Financial) has an average target price of $96.75. Projections vary with a high forecast of $116.00 and a low of $78.00, reflecting a potential upside of 7.31% from the current share price of $90.16. For more in-depth forecast data, visit the T. Rowe Price Group Inc (TROW) Forecast page.
Analyst Recommendations
Currently, the consensus among 15 brokerage firms places T. Rowe Price Group Inc (TROW, Financial) at an average recommendation score of 3.3, translating to a "Hold" status. This scale ranges from 1, indicating a Strong Buy, to 5, signaling a Sell.
GuruFocus Estimates and GF Value Analysis
Utilizing GuruFocus insights, the estimated GF Value for T. Rowe Price Group Inc (TROW, Financial) one year from now is pegged at $128.25. This estimation suggests an impressive potential upside of 42.25% from the current price of $90.16. The GF Value is an estimate reflecting the stock's fair trading value and is derived from historical trading multiples, past business growth, and future performance projections. To access more comprehensive data, explore the T. Rowe Price Group Inc (TROW) Summary page.
