Sigma Planning Corp Has $1.34 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Sigma Planning Corp reduced its stake in T. Rowe Price Group, Inc. (NASDAQ:TROWFree Report) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,809 shares of the asset manager’s stock after selling 493 shares during the quarter. Sigma Planning Corp’s holdings in T. Rowe Price Group were worth $1,343,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in T. Rowe Price Group by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 20,183,563 shares of the asset manager’s stock worth $3,051,553,000 after buying an additional 625,340 shares during the period. Geode Capital Management LLC increased its position in T. Rowe Price Group by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 5,031,123 shares of the asset manager’s stock worth $562,187,000 after buying an additional 103,934 shares during the period. Charles Schwab Investment Management Inc. increased its position in T. Rowe Price Group by 5.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,765,262 shares of the asset manager’s stock worth $533,805,000 after buying an additional 231,862 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its position in T. Rowe Price Group by 98,548.0% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,336,567 shares of the asset manager’s stock worth $485,782,000 after buying an additional 4,332,171 shares during the period. Finally, Victory Capital Management Inc. increased its position in T. Rowe Price Group by 5.9% in the 2nd quarter. Victory Capital Management Inc. now owns 3,425,827 shares of the asset manager’s stock worth $383,761,000 after buying an additional 191,602 shares during the period. 75.85% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Price Performance

Shares of TROW stock opened at $111.71 on Wednesday. The stock’s fifty day simple moving average is $105.45 and its 200 day simple moving average is $106.01. The firm has a market cap of $24.93 billion, a price-to-earnings ratio of 15.91, a P/E/G ratio of 2.53 and a beta of 1.36. T. Rowe Price Group, Inc. has a one year low of $87.43 and a one year high of $132.76.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 15th will be paid a $1.24 dividend. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.22. This represents a $4.96 annualized dividend and a yield of 4.44%. T. Rowe Price Group’s payout ratio is currently 69.52%.

Analysts Set New Price Targets

Several research analysts have commented on TROW shares. Morgan Stanley lifted their price target on T. Rowe Price Group from $101.00 to $106.00 and gave the stock an “equal weight” rating in a research report on Friday, January 19th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $105.00 price target (up from $95.00) on shares of T. Rowe Price Group in a research report on Monday, January 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on T. Rowe Price Group from $113.00 to $110.00 and set a “hold” rating on the stock in a research report on Wednesday, October 11th. UBS Group boosted their price objective on T. Rowe Price Group from $86.00 to $102.00 and gave the company a “sell” rating in a research report on Wednesday, January 10th. Finally, Citigroup upgraded T. Rowe Price Group from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $100.00 to $95.00 in a research report on Tuesday, October 31st. Five investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $97.33.

Read Our Latest Stock Report on T. Rowe Price Group

Insider Activity at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $105.91, for a total value of $1,267,636.79. Following the sale, the vice president now owns 123,624 shares of the company’s stock, valued at approximately $13,093,017.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other T. Rowe Price Group news, VP Robert C.T. Higginbotham sold 40,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $96.52, for a total value of $3,860,800.00. Following the transaction, the vice president now owns 30,855 shares of the company’s stock, valued at $2,978,124.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $105.91, for a total value of $1,267,636.79. Following the completion of the transaction, the vice president now directly owns 123,624 shares in the company, valued at approximately $13,093,017.84. The disclosure for this sale can be found here. Insiders have sold a total of 73,320 shares of company stock valued at $7,237,878 in the last 90 days. 2.10% of the stock is owned by corporate insiders.

T. Rowe Price Group Profile

(Free Report)

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.

Further Reading

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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