T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by Andra AP fonden

Andra AP fonden decreased its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 33.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,100 shares of the asset manager's stock after selling 37,700 shares during the period. Andra AP fonden's holdings in T. Rowe Price Group were worth $8,493,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Addison Advisors LLC grew its holdings 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 valued at $26,000 after buying an additional 93 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of T. Rowe Price Group by 124.0% in the fourth quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock valued at $32,000 after purchasing an additional 155 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in T. Rowe Price Group in the fourth quarter worth $32,000. Advantage Trust Co raised its stake in T. Rowe Price Group by 48.8% during the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after purchasing an additional 100 shares in the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of T. Rowe Price Group in the 3rd quarter worth $37,000. 73.39% of the stock is owned by institutional investors.

Insider Buying and Selling at T. Rowe Price Group

In other news, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total value of $449,318.24. Following the completion of the transaction, the vice president now owns 36,800 shares in the company, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

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T. Rowe Price Group Stock Down 3.1 %

NASDAQ:TROW traded down $3.02 during trading hours on Wednesday, reaching $93.28. 2,963,902 shares of the stock were exchanged, compared to its average volume of 1,664,186. T. Rowe Price Group, Inc. has a twelve month low of $92.79 and a twelve month high of $125.81. The business has a 50-day moving average of $109.53 and a two-hundred day moving average of $111.97. The company has a market capitalization of $20.77 billion, a price-to-earnings ratio of 10.18, a PEG ratio of 2.86 and a beta of 1.46.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its earnings results on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.83%. During the same period in the previous year, the firm earned $1.72 EPS. On average, research analysts forecast that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.27 per share. The ex-dividend date is Friday, March 14th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a yield of 5.45%. T. Rowe Price Group's dividend payout ratio is 55.46%.

Wall Street Analyst Weigh In

TROW has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced 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 research report on Thursday, February 6th. StockNews.com cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Sunday, February 2nd. Morgan Stanley lowered their price objective on T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. Keefe, Bruyette & Woods reaffirmed 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 report on Thursday, February 6th. Finally, Barclays decreased their target price on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $114.09.

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.