1,833 Shares in T. Rowe Price Group, Inc. (NASDAQ:TROW) Purchased by Central Valley Advisors LLC

Central Valley Advisors LLC acquired a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROWFree Report) in the 1st quarter, Holdings Channel reports. The fund acquired 1,833 shares of the asset manager’s stock, valued at approximately $223,000.

Other large investors have also made changes to their positions in the company. Morgan Stanley increased its stake in T. Rowe Price Group by 0.7% during the third quarter. Morgan Stanley now owns 3,483,350 shares of the asset manager’s stock valued at $365,299,000 after acquiring an additional 25,012 shares during the period. Northern Trust Corp increased its stake in T. Rowe Price Group by 4.1% during the third quarter. Northern Trust Corp now owns 2,356,132 shares of the asset manager’s stock valued at $247,088,000 after acquiring an additional 93,829 shares during the period. Fisher Asset Management LLC increased its stake in T. Rowe Price Group by 6.7% during the fourth quarter. Fisher Asset Management LLC now owns 1,752,005 shares of the asset manager’s stock valued at $188,674,000 after acquiring an additional 109,653 shares during the period. Dimensional Fund Advisors LP increased its stake in T. Rowe Price Group by 21.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,352,683 shares of the asset manager’s stock valued at $145,685,000 after acquiring an additional 236,697 shares during the period. Finally, First Trust Advisors LP increased its stake in T. Rowe Price Group by 1.3% during the fourth quarter. First Trust Advisors LP now owns 1,173,858 shares of the asset manager’s stock valued at $126,413,000 after acquiring an additional 15,504 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 other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,043 shares of the stock in a transaction 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 transaction, the director now directly owns 34,635 shares in the company, valued at approximately $3,916,525.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,043 shares of the stock in a transaction 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 transaction, the director now directly owns 34,635 shares in the company, valued at approximately $3,916,525.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $117.00, for a total value of $234,000.00. Following the completion of the transaction, the vice president now owns 34,710 shares in the company, valued at $4,061,070. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

T. Rowe Price Group Trading Down 1.2 %

NASDAQ TROW traded down $1.41 during trading hours on Tuesday, reaching $117.47. 112,556 shares of the company’s stock were exchanged, compared to its average volume of 1,347,754. The stock has a market cap of $26.23 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43. T. Rowe Price Group, Inc. has a one year low of $87.43 and a one year high of $132.76. The firm has a fifty day moving average of $114.51 and a 200-day moving average of $112.46.

T. Rowe Price Group (NASDAQ:TROWGet Free Report) last released its quarterly earnings results on Friday, April 26th. The asset manager reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.34. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.71 billion. T. Rowe Price Group had a return on equity of 19.70% and a net margin of 29.09%. T. Rowe Price Group’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.69 EPS. As a group, research analysts forecast that T. Rowe Price Group, Inc. will post 8.84 EPS for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 14th will be given a dividend of $1.24 per share. The ex-dividend date is Friday, June 14th. This represents a $4.96 dividend on an annualized basis and a yield of 4.22%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 58.91%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TROW. Keefe, Bruyette & Woods upgraded T. Rowe Price Group from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $106.00 to $120.00 in a research note on Thursday, April 11th. UBS Group increased their target price on T. Rowe Price Group from $100.00 to $109.00 and gave the stock a “sell” rating in a report on Friday, April 12th. JPMorgan Chase & Co. boosted their price target on T. Rowe Price Group from $94.00 to $103.00 and gave the company an “underweight” rating in a research note on Tuesday, April 16th. Morgan Stanley upped their price target on T. Rowe Price Group from $114.00 to $125.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Finally, TD Cowen raised T. Rowe Price Group from a “sell” rating to a “hold” rating and lifted their price objective for the company from $92.00 to $114.00 in a report on Monday, April 8th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $112.10.

View Our Latest Analysis on T. Rowe Price Group

T. Rowe Price Group Company 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.

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

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