Keefe Bruyette Reaffirms Market Perform on T. Rowe Price

T. Rowe Price Group, Inc. (NASDAQ:TROW) is included among the 13 Best Debt Free Dividend Stocks to Buy Now.

On December 17, Keefe Bruyette analyst Alex Bond lowered the firm’s price target on T. Rowe Price Group, Inc. (NASDAQ:TROW) to $115 from $117 and kept a Market Perform rating. The firm still expects a supportive economic backdrop in 2026, the analyst said in a research note.

A few days earlier, on December 10, T. Rowe Price Group, Inc. (NASDAQ:TROW) reported preliminary November month-end assets under management of $1.79 trillion. Net outflows for November 2025 totaled $8.0 billion. By asset class, Equity assets stood at $891 billion as of November 30. Fixed income, including money market funds, totaled $211 billion. Multi-asset strategies accounted for $628 billion, while Alternatives reached $57 billion.

During the third-quarter 2025 earnings call, CEO Robert Sharps spoke about a newly announced strategic collaboration with Goldman Sachs. The goal is to deliver diversified public and private market solutions. Early focus areas include a co-branded sister series for the Target Date franchise, model portfolios, multi-asset offerings, and adviser-managed accounts. Sharps said the firm is building a co-branded series of asset allocation model portfolios that include alternative investments, with plans to launch on the first platform before year-end and expand to other platforms in 2026.

He also pointed to the launch of two new retirement allocation funds in Asia and steady growth in the ETF business, which now holds $19 billion in AUM. Another highlight was the launch of the Emerging Markets Blue Economy Bond strategy, which has already attracted more than $200 million in commitments.

T. Rowe Price Group, Inc. (NASDAQ:TROW) is a publicly traded global investment manager based in the U.S. The firm offers mutual funds, subadvisory services, separate account management, and retirement solutions for individuals, institutions, and financial intermediaries.

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