Northwest & Ethical Investments L.P. Acquires Shares of 20,152 T. Rowe Price Group, Inc. (NASDAQ:TROW)

Northwest & Ethical Investments L.P. bought a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 20,152 shares of the asset manager's stock, valued at approximately $2,279,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Addison Advisors LLC raised its stake in T. Rowe Price Group by 67.4% during the 4th quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock worth $26,000 after buying an additional 93 shares during the period. Curio Wealth LLC bought a new stake in shares of T. Rowe Price Group in the fourth quarter worth about $27,000. Y.D. More Investments Ltd raised its position in shares of T. Rowe Price Group by 124.0% during the fourth quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock worth $32,000 after purchasing an additional 155 shares during the period. Stonebridge Financial Group LLC bought a new position in shares of T. Rowe Price Group during the 4th quarter valued at about $32,000. Finally, Advantage Trust Co grew its position in shares of T. Rowe Price Group by 48.8% in the 4th quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after purchasing an additional 100 shares during the period. 73.39% of the stock is owned by institutional investors.

T. Rowe Price Group Stock Down 0.5 %

Shares of NASDAQ:TROW traded down $0.51 during midday trading on Tuesday, reaching $95.47. The company had a trading volume of 1,427,008 shares, compared to its average volume of 1,297,531. T. Rowe Price Group, Inc. has a 1-year low of $91.37 and a 1-year high of $125.81. The stock has a market cap of $21.25 billion, a PE ratio of 10.42, a P/E/G ratio of 2.86 and a beta of 1.46. The business's 50 day moving average price is $106.10 and its 200 day moving average price is $111.18.

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T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. During the same period last year, the business posted $1.72 EPS. On average, research analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.27 per share. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Friday, March 14th. T. Rowe Price Group's dividend payout ratio is 55.46%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the transaction, the vice president now owns 36,800 shares of the company's stock, valued at $4,021,136. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

TROW has been the topic of several research analyst reports. Morgan Stanley dropped their target price on shares of T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Wells Fargo & Company dropped their price objective on shares of T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Barclays reduced their target price on shares of T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $113.00 price target (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Finally, StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, T. Rowe Price Group currently has a consensus rating of "Hold" and an average price target of $114.09.

T. Rowe Price Group Company Profile

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.