Asset Management One Co. Ltd. Sells 6,642 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Asset Management One Co. Ltd. decreased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,182 shares of the asset manager's stock after selling 6,642 shares during the quarter. Asset Management One Co. Ltd.'s holdings in T. Rowe Price Group were worth $9,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Iron Horse Wealth Management LLC boosted its position in shares of T. Rowe Price Group by 90.9% in the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager's stock valued at $25,000 after acquiring an additional 110 shares during the period. Lynx Investment Advisory bought a new position in shares of T. Rowe Price Group in the second quarter worth $29,000. Hexagon Capital Partners LLC increased its holdings in shares of T. Rowe Price Group by 54.7% in the third quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager's stock worth $32,000 after purchasing an additional 104 shares during the period. Family Firm Inc. purchased a new stake in shares of T. Rowe Price Group in the second quarter worth $36,000. Finally, Versant Capital Management Inc boosted its stake in T. Rowe Price Group by 660.5% during the second quarter. Versant Capital Management Inc now owns 327 shares of the asset manager's stock valued at $38,000 after buying an additional 284 shares during the period. Hedge funds and other institutional investors own 73.39% of the company's stock.

Insider Activity

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of T. Rowe Price Group stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the sale, the vice president now directly owns 123,624 shares of the company's stock, valued at approximately $12,712,255.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Jessica M. Hiebler sold 484 shares of the business's stock in a transaction dated 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of T. Rowe Price Group stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the transaction, the vice president now owns 123,624 shares of the company's stock, valued at $12,712,255.92. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

T. Rowe Price Group Price Performance

NASDAQ:TROW traded down $2.44 during mid-day trading on Friday, reaching $117.62. 1,382,717 shares of the company's stock traded hands, compared to its average volume of 1,263,906. The company has a 50 day moving average price of $108.79 and a 200-day moving average price of $111.82. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.76 and a beta of 1.41. T. Rowe Price Group, Inc. has a 12-month low of $90.02 and a 12-month high of $122.27.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its earnings results 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 period in the previous year, the firm earned $2.17 earnings per share. The business's revenue was up 6.9% compared to the same quarter last year. As a group, analysts forecast that T. Rowe Price Group, Inc. will post 9.32 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a $1.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.96 annualized dividend and a dividend yield of 4.22%. T. Rowe Price Group's dividend payout ratio is 54.27%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TROW. Barclays raised their price target on T. Rowe Price Group from $101.00 to $110.00 and gave the company an "underweight" rating in a report on Monday. The Goldman Sachs Group dropped 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 research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of T. Rowe Price Group from $113.00 to $115.00 and gave the stock a "hold" rating in a research report on Monday. Wells Fargo & Company upped their target price on T. Rowe Price Group from $109.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Finally, TD Cowen decreased their price target on shares of T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating on the stock in a research note on Monday. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $115.09.

About T. Rowe Price Group

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.