Baltimore, Maryland-based T. Rowe Price Group, Inc. (TROW) operates as an asset manager, managing equity and fixed income mutual funds. With a market cap of $23.4 billion, the company has a vast customer base of individuals, institutional investors, retirement plans, financial intermediaries, and institutions.

The asset management giant has significantly underperformed the broader market over the past year. TROW stock has dropped 2.8% over the past 52 weeks and by 6% in 2025, compared to the S&P 500 Index’s ($SPX) 14.3% gains over the past year and 9% returns in 2025.

Narrowing the focus, TROW has also lagged behind the sector-focused Financial Select Sector SPDR Fund’s (XLF) 19.5% surge over the past 52 weeks and 8.8% uptick in 2025.

T. Rowe Price Group’s stock prices inched up 1.6% following the release of its mixed Q2 results on Aug. 1. During the quarter, the company’s asset under management (AUM) increased by $110.5 billion to $1.68 trillion. Meanwhile, due to a drop in equity-based investment advisory fees and performance-based fees, the company’s overall topline decreased by 58 bps year-over-year to $1.7 billion, missing the consensus estimates by a narrow margin.

However, T. Rowe’s fixed income, multi-asset, and alternative investment-based fees observed notable upticks. Further, its EPS for the quarter grew 6.2% year-over-year to $2.24, surpassing the street expectations by 4.2%.

For the full fiscal 2025, ending in December, analysts expect TROW to report an EPS of $9.06, down 2.9% year-over-year. The company has a mixed earnings surprise history. It has surpassed the Street’s bottom-line estimates thrice over the past four quarters, while missing the projections on one other occasion.

The stock has a consensus “Hold” rating overall. Of the 14 analysts covering the stock, opinions include one “Strong Buy,” eight “Holds,” one “Moderate Sell,” and four “Strong Sells.”

This configuration is slightly less pessimistic than a month ago, when the stock had no “Strong Buy” recommendations.

On Aug. 4, Keefe, Bruyette & Woods analyst Aidan Hall reiterated a “Market Perform” rating on TROW stock and raised the price target from $110 to $112.

As of writing, TROW is trading above its mean price target of $102.31. Meanwhile, the street-high target of $116 suggests a 9.1% upside potential from current price levels.