T. Rowe Price Group, Inc. (NASDAQ:TROW) Position Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 1,803.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,533 shares of the asset manager's stock after purchasing an additional 66,828 shares during the period. Assenagon Asset Management S.A.'s holdings in T. Rowe Price Group were worth $7,977,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in shares of T. Rowe Price Group by 7,992.0% during the third quarter. International Assets Investment Management LLC now owns 1,067,655 shares of the asset manager's stock worth $116,300,000 after buying an additional 1,054,461 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of T. Rowe Price Group by 382.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 398,175 shares of the asset manager's stock worth $43,373,000 after purchasing an additional 315,581 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 231,286 shares during the last quarter. AQR Capital Management LLC grew its position in shares of T. Rowe Price Group by 77.2% in the second quarter. AQR Capital Management LLC now owns 451,237 shares of the asset manager's stock valued at $52,032,000 after purchasing an additional 196,565 shares during the period. Finally, Franklin Resources Inc. increased its stake in T. Rowe Price Group by 45.1% in the third quarter. Franklin Resources Inc. now owns 490,155 shares of the asset manager's stock valued at $53,760,000 after purchasing an additional 152,430 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

Insider Buying and Selling

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the sale, the vice president now directly owns 119,577 shares in the company, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

T. Rowe Price Group Trading Up 1.0 %

NASDAQ TROW traded up $1.08 during mid-day trading on Monday, reaching $113.21. 1,182,106 shares of the company's stock traded hands, compared to its average volume of 1,142,590. The company has a market cap of $25.15 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 1.42 and a beta of 1.43. The company has a fifty day simple moving average of $117.71 and a 200-day simple moving average of $112.82. T. Rowe Price Group, Inc. has a 1-year low of $100.49 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $1.84 billion. During the same quarter in the prior year, the firm posted $2.17 earnings per share. T. Rowe Price Group's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts forecast that T. Rowe Price Group, Inc. will post 9.46 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $1.24 dividend. The ex-dividend date was Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a yield of 4.38%. T. Rowe Price Group's payout ratio is currently 54.27%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TROW. TD Cowen decreased their price target on T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. The Goldman Sachs Group lowered their target price on shares of T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating for the company in a report on Thursday, October 3rd. StockNews.com lowered shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Friday. Keefe, Bruyette & Woods lowered their price target on T. Rowe Price Group from $116.00 to $111.00 and set a "market perform" rating for the company in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Four investment 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 target price of $115.82.

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.