KBW Maintains Hold Rating on T Rowe Price (TROW) with $112 Price Target

KBW analyst Kyle Voigt maintains a Hold rating on T Rowe Price (TROW) with a price target of $112.00. Voigt, a 5-star analyst, covers the Financial sector, focusing on stocks such as LPL Financial, Charles Schwab, and Tradeweb Markets. The company reported a quarterly revenue of $6.3 billion and a net profit of $525.6 million in Q2, compared to $1.73 billion and $483.4 million last year. Based on corporate insider activity, sentiment is negative on the stock, with an increase in insiders selling shares.

Keefe, Bruyette & Woods (KBW) analysts have recently issued a mix of ratings for several key financial stocks, reflecting varying market sentiments and expectations. The ratings were collected from public media reports and are believed to be accurate, though not verified with 100% certainty.

T. Rowe Price (TROW)
KBW analyst Kyle Voigt maintains a Hold rating on T. Rowe Price (TROW) with a price target of $112.00. Voigt, a 5-star analyst, covers the Financial sector, focusing on stocks such as LPL Financial, Charles Schwab, and Tradeweb Markets. The company reported a quarterly revenue of $6.3 billion and a net profit of $525.6 million in Q2, compared to $1.73 billion and $483.4 million last year. Based on corporate insider activity, sentiment is negative on the stock, with an increase in insiders selling shares [1].

Other Notable Ratings
- Evercore (EVR): KBW analyst Alex Bond reiterated the Outperform rating, raising the price target to $370.00.
- Blackstone Mortgage Trust (BXMT): Jade Rahmani lowered the price target to $19.50 from $20.00, maintaining the Market Perform rating.
- Robinhood Markets (HOOD): Kyle Voigt boosted the price target to $106.00 from $89.00, keeping the Market Perform rating.
- Axos Financial (AX): Kelly Motta boosted the price target to $94.00 from $90.00, maintaining the Market Perform rating.
- Brown & Brown (BRO): Meyer Shields lowered the price target to $87.00 from $104.00, changing the rating to Underperform.
- AppFolio (APPF): Ryan Tomasello upgraded the rating to Market Perform, raising the price target to $267.00 from $205.00.
- Ares Capital (ARCC): Paul Johnson boosted the price target to $23.00 from $22.00, maintaining the Outperform rating.
- LendingClub (LC): Timothy Switzer boosted the price target to $16.50 from $14.00, maintaining the Outperform rating.

These ratings reflect the diverse views of KBW analysts on the financial sector, with varying degrees of optimism and caution. Investors are advised to consider these ratings alongside their own research and analysis.

References
[1] https://www.marketbeat.com/ratings/by-issuer/keefe-bruyette-woods-stock-recommendations/