B. Metzler seel. Sohn & Co. AG Cuts Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

B. Metzler seel. Sohn & Co. AG lowered its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 17.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,225 shares of the asset manager's stock after selling 5,392 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in T. Rowe Price Group were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Townsquare Capital LLC boosted its stake in shares of T. Rowe Price Group by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 4,839 shares of the asset manager's stock valued at $527,000 after buying an additional 299 shares during the period. Public Sector Pension Investment Board raised its holdings in T. Rowe Price Group by 2.4% in the third quarter. Public Sector Pension Investment Board now owns 38,778 shares of the asset manager's stock valued at $4,224,000 after acquiring an additional 900 shares in the last quarter. Martingale Asset Management L P purchased a new position in T. Rowe Price Group in the third quarter worth approximately $446,000. Erste Asset Management GmbH acquired a new position in T. Rowe Price Group during the 3rd quarter worth approximately $5,771,000. Finally, Paloma Partners Management Co acquired a new position in T. Rowe Price Group during the 3rd quarter worth approximately $473,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Trading Down 8.2 %

TROW stock traded down $7.68 on Thursday, hitting $86.22. The company's stock had a trading volume of 3,284,963 shares, compared to its average volume of 1,378,461. T. Rowe Price Group, Inc. has a 1 year low of $85.76 and a 1 year high of $125.81. The stock has a market cap of $19.16 billion, a price-to-earnings ratio of 9.41, a price-to-earnings-growth ratio of 2.86 and a beta of 1.46. The firm has a 50 day moving average of $102.82 and a two-hundred day moving average of $110.45.

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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 quarter in the previous year, the firm earned $1.72 earnings per share. As a group, equities 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 business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.27 dividend. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend was Friday, March 14th. T. Rowe Price Group's dividend payout ratio (DPR) is 55.46%.

Insider Activity

In other news, Director Robert F. Maclellan sold 3,955 shares of T. Rowe Price Group stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $91.56, for a total value of $362,119.80. Following the sale, the director now owns 42,979 shares of the company's stock, valued at $3,935,157.24. The trade was a 8.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Arif Husain sold 4,112 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

TROW has been the subject of a number of analyst reports. Morgan Stanley lowered their target price on shares of T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Wells Fargo & Company lowered their price objective on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Barclays cut their target price on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Citigroup lowered their price target on T. Rowe Price Group from $120.00 to $100.00 and set a "neutral" rating for the company in a report on Monday. Finally, StockNews.com cut shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. Five investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, T. Rowe Price Group currently has an average rating of "Hold" and an average target price of $108.50.

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.