B. Metzler seel. Sohn & Co. Holding AG Takes $3.34 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,617 shares of the asset manager's stock, valued at approximately $3,335,000.

Other hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC boosted its holdings in T. Rowe Price Group by 90.9% during the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager's stock worth $25,000 after buying an additional 110 shares in the last quarter. Lynx Investment Advisory purchased a new stake in shares of T. Rowe Price Group during the 2nd quarter worth about $29,000. Hexagon Capital Partners LLC grew its position in shares of T. Rowe Price Group by 54.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager's stock valued at $32,000 after acquiring an additional 104 shares during the period. Family Firm Inc. purchased a new position in shares of T. Rowe Price Group in the 2nd quarter valued at about $36,000. Finally, Versant Capital Management Inc boosted its position 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 worth $38,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Stock Performance

Shares of T. Rowe Price Group stock opened at $117.52 on Thursday. The business's 50 day moving average price is $111.62 and its 200 day moving average price is $112.33. The company has a market cap of $26.11 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.67 and a beta of 1.41. T. Rowe Price Group, Inc. has a one year low of $96.46 and a one year 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 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 company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business earned $2.17 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts predict that T. Rowe Price Group, Inc. will post 9.33 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Wells Fargo & Company raised their price objective on T. Rowe Price Group from $109.00 to $112.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. The Goldman Sachs Group cut their price target 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 downgraded shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Monday, July 29th. JPMorgan Chase & Co. cut their target price 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. Finally, 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 research note on Thursday, November 7th. 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.com, T. Rowe Price Group has an average rating of "Hold" and a consensus price target of $115.55.

Insider Buying and Selling

In other news, insider Jessica M. Hiebler sold 484 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the completion of the sale, the insider now directly owns 13,939 shares of the company's stock, valued at approximately $1,459,831.47. The trade was a 3.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the transaction, the vice president now owns 123,624 shares in the company, valued at $12,712,255.92. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

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.