iSAM Funds UK Ltd Makes New Investment in T. Rowe Price Group, Inc. (NASDAQ:TROW)

iSAM Funds UK Ltd purchased a new stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,729 shares of the asset manager's stock, valued at approximately $515,000.

A number of other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of T. Rowe Price Group by 7,992.0% in the 3rd quarter. International Assets Investment Management LLC now owns 1,067,655 shares of the asset manager's stock valued at $116,300,000 after purchasing an additional 1,054,461 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in T. Rowe Price Group by 382.1% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 398,175 shares of the asset manager's stock worth $43,373,000 after buying an additional 315,581 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in T. Rowe Price Group by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,840,807 shares of the asset manager's stock worth $745,169,000 after buying an additional 231,286 shares during the period. Dimensional Fund Advisors LP boosted its position in T. Rowe Price Group by 15.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,611,307 shares of the asset manager's stock valued at $185,810,000 after acquiring an additional 220,105 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of T. Rowe Price Group by 77.2% in the 2nd quarter. AQR Capital Management LLC now owns 451,237 shares of the asset manager's stock valued at $52,032,000 after acquiring an additional 196,565 shares during the period. Hedge funds and other institutional investors own 73.39% of the company's stock.

Analyst Upgrades and Downgrades

TROW has been the topic of a number of recent research reports. The Goldman Sachs Group dropped their price objective on T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating on the stock in a research report on Thursday, October 3rd. Evercore ISI raised their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on shares of T. Rowe Price Group from $116.00 to $115.00 and set an "underweight" rating for the company in a research note on Monday, November 4th. Barclays raised their target price on shares of T. Rowe Price Group from $101.00 to $110.00 and gave the company an "underweight" rating in a research note on Monday, November 4th. Finally, TD Cowen decreased their price objective on T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating for the company in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $115.55.

T. Rowe Price Group Price Performance

TROW traded down $0.86 on Friday, reaching $123.83. 1,092,898 shares of the stock were exchanged, compared to its average volume of 1,249,661. The company's 50-day moving average price is $115.26 and its 200 day moving average price is $113.06. The firm has a market capitalization of $27.51 billion, a PE ratio of 13.55, a PEG ratio of 1.73 and a beta of 1.42. T. Rowe Price Group, Inc. has a fifty-two week low of $97.50 and a fifty-two week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm earned $2.17 earnings per share. T. Rowe Price Group's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that T. Rowe Price Group, Inc. will post 9.39 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $1.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.01%. T. Rowe Price Group's payout ratio is currently 54.27%.

Insider Buying and Selling

In other news, insider Jessica M. Hiebler sold 484 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $104.73, for a total transaction of $50,689.32. Following the sale, the insider now owns 13,939 shares of the company's stock, valued at $1,459,831.47. This trade represents a 3.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

T. Rowe Price Group 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.