T. Rowe Price Growth Stock ETF Price & Performance (TGRW)

T. Rowe Price is set to announce Q1 results this week, with analysts revising earnings estimates downward and setting cautious price targets. Wall Street consensus now stands at $96, with several “hold” and “sell” ratings. Analysts cite ongoing fee pressure and market volatility as key headwinds.123

T. Rowe Price’s Equity Income Fund increased positions in Ferguson Enterprises and Hess Corp while divesting from Honeywell and News Corp in Q1. The fund also expanded stakes in 34 stocks and reduced holdings in 86, reflecting a dynamic approach amid market uncertainty and a focus on value and dividend income.4

Despite heavy outflows and industry-wide fee compression, T. Rowe Price is seeing notable growth in its actively managed ETFs. Management points to these products as a key area for future expansion, even as traditional equity offerings face revenue challenges and real estate costs weigh on margins.52