Evercore ISI Cuts T. Rowe (TROW) Price Target to $106, Flags Equity Outflows as Key Concern

Core Insights - T. Rowe Price Group, Inc. (NASDAQ:TROW) is recognized among the Dividend Champions, Contenders, and Challengers List, highlighting its strong dividend yield [1] - Evercore ISI has reduced its price target for T. Rowe Price from $116 to $106, citing equity outflows as a significant concern despite the quarter meeting expectations [2] - The company reported $1.78 trillion in assets under management at the end of Q4 2025, reflecting over 10% growth year-to-date, despite experiencing $56.9 billion in net outflows [3] Group 1: Financial Performance - T. Rowe Price's CEO Robert Sharps indicated that the firm is gaining traction in its strategic priorities and remains confident in its long-term plans [3] - The company has shown strong long-term results in fixed income and its Target Date franchise, with improving performance across key investment strategies [4] Group 2: Strategic Initiatives - T. Rowe Price has formed a collaboration with Goldman Sachs to explore wealth and retirement opportunities, launching co-branded model portfolios [4] - In January, T. Rowe Price announced a strategic partnership with First Abu Dhabi Bank, further expanding its market reach [4] Group 3: Product Development - The company launched 13 ETFs in 2025, increasing its total ETF lineup to 30 and surpassing $21 billion in ETF assets [5] - T. Rowe Price achieved a first close on a firm-managed private equity fund in early 2026, while OHA recorded over $16 billion in fundraising for the second consecutive year [5]