T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 40.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,307 shares of the asset manager's stock after acquiring an additional 4,429 shares during the period. Banque Cantonale Vaudoise's holdings in T. Rowe Price Group were worth $1,667,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TROW. O Shaughnessy Asset Management LLC increased its stake in T. Rowe Price Group by 44.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,040 shares of the asset manager's stock valued at $1,956,000 after purchasing an additional 4,938 shares in the last quarter. Bessemer Group Inc. increased its position in shares of T. Rowe Price Group by 2.0% in the 1st quarter. Bessemer Group Inc. now owns 38,995 shares of the asset manager's stock valued at $4,753,000 after acquiring an additional 747 shares during the period. CANADA LIFE ASSURANCE Co raised its stake in T. Rowe Price Group by 4.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 171,259 shares of the asset manager's stock worth $20,890,000 after acquiring an additional 6,780 shares during the last quarter. Natixis acquired a new stake in T. Rowe Price Group during the 1st quarter worth about $952,000. Finally, CreativeOne Wealth LLC lifted its position in T. Rowe Price Group by 97.6% during the 1st quarter. CreativeOne Wealth LLC now owns 8,229 shares of the asset manager's stock worth $1,003,000 after acquiring an additional 4,065 shares during the period. Hedge funds and other institutional investors own 73.39% of the company's stock.

Insider Activity at T. Rowe Price Group

In related news, insider Jessica M. Hiebler sold 484 shares of the firm's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $104.73, for a total value of $50,689.32. Following the transaction, the insider now directly owns 13,939 shares of the company's stock, valued at approximately $1,459,831.47. This trade represents a 3.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the business'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 sale, the vice president now owns 123,624 shares of the company's stock, valued at approximately $12,712,255.92. This trade represents a 8.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

T. Rowe Price Group Stock Performance

TROW opened at $117.52 on Thursday. The company has a fifty day moving average of $111.62 and a two-hundred day moving average of $112.33. The stock has a market capitalization 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 fifty-two week low of $96.46 and a fifty-two week high of $122.27.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.21. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. T. Rowe Price Group's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.17 EPS. On average, equities research analysts forecast that T. Rowe Price Group, Inc. will post 9.33 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The firm 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 dividend of $1.24 per share. The ex-dividend date is Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.22%. T. Rowe Price Group's dividend payout ratio (DPR) is 54.27%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TROW shares. The Goldman Sachs Group reduced their price objective on T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating for the company in a research note on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an "underweight" rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Wells Fargo & Company upped their price objective on shares of 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. Finally, Evercore ISI raised their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $115.55.

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.