Securian Asset Management Inc. Has $1.52 Million Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Securian Asset Management Inc. cut its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROWFree Report) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,065 shares of the asset manager’s stock after selling 2,006 shares during the quarter. Securian Asset Management Inc.’s holdings in T. Rowe Price Group were worth $1,515,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Clear Harbor Asset Management LLC grew its stake in T. Rowe Price Group by 3.2% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,240 shares of the asset manager’s stock valued at $349,000 after buying an additional 100 shares during the last quarter. Caprock Group LLC lifted its holdings in T. Rowe Price Group by 4.7% during the 4th quarter. Caprock Group LLC now owns 2,251 shares of the asset manager’s stock worth $242,000 after purchasing an additional 101 shares during the last quarter. Roundview Capital LLC boosted its stake in T. Rowe Price Group by 0.5% in the 3rd quarter. Roundview Capital LLC now owns 22,279 shares of the asset manager’s stock valued at $2,336,000 after purchasing an additional 105 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in T. Rowe Price Group by 83.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager’s stock valued at $25,000 after buying an additional 106 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in T. Rowe Price Group by 2.6% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,451 shares of the asset manager’s stock worth $467,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insider Buying and Selling at T. Rowe Price Group

In related news, Director Robert F. Maclellan sold 3,043 shares of T. Rowe Price Group stock in a transaction on Monday, April 29th. The shares were sold at an average price of $113.08, for a total transaction of $344,102.44. Following the completion of the transaction, the director now owns 34,635 shares of the company’s stock, valued at $3,916,525.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Freeman A. Hrabowski III sold 8,740 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the transaction, the director now directly owns 21,073 shares of the company’s stock, valued at approximately $2,493,357.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert F. Maclellan sold 3,043 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $113.08, for a total value of $344,102.44. Following the completion of the transaction, the director now owns 34,635 shares in the company, valued at approximately $3,916,525.80. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

T. Rowe Price Group Trading Up 0.6 %

Shares of T. Rowe Price Group stock opened at $116.76 on Monday. The firm’s 50 day moving average is $114.95 and its 200 day moving average is $108.89. The firm has a market capitalization of $26.07 billion, a PE ratio of 13.87, a price-to-earnings-growth ratio of 2.00 and a beta of 1.40. T. Rowe Price Group, Inc. has a 1 year low of $87.43 and a 1 year high of $132.76.

T. Rowe Price Group (NASDAQ:TROWGet Free Report) last issued its earnings results on Friday, April 26th. The asset manager reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.34. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.71 billion. T. Rowe Price Group had a return on equity of 19.70% and a net margin of 29.09%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 EPS. As a group, research analysts anticipate that T. Rowe Price Group, Inc. will post 8.8 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 14th will be issued a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.25%. The ex-dividend date is Friday, June 14th. T. Rowe Price Group’s payout ratio is presently 58.91%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TROW. Keefe, Bruyette & Woods raised shares of T. Rowe Price Group from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $106.00 to $120.00 in a research report on Thursday, April 11th. TD Cowen raised T. Rowe Price Group from a “sell” rating to a “hold” rating and increased their price target for the stock from $92.00 to $114.00 in a research report on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on T. Rowe Price Group from $94.00 to $103.00 and gave the company an “underweight” rating in a report on Tuesday, April 16th. Morgan Stanley increased their target price on T. Rowe Price Group from $114.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Finally, StockNews.com cut T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $112.10.

View Our Latest Research Report on TROW

About T. Rowe Price Group

(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.

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

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