Barclays PLC Acquires 98,448 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Barclays PLC lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 13.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 822,869 shares of the asset manager's stock after acquiring an additional 98,448 shares during the quarter. Barclays PLC owned approximately 0.37% of T. Rowe Price Group worth $89,635,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TROW. Insight Folios Inc lifted its holdings in T. Rowe Price Group by 3.6% during the 3rd quarter. Insight Folios Inc now owns 2,612 shares of the asset manager's stock worth $285,000 after purchasing an additional 90 shares during the last quarter. Keystone Financial Services grew its stake in shares of T. Rowe Price Group by 5.1% in the third quarter. Keystone Financial Services now owns 1,885 shares of the asset manager's stock valued at $205,000 after acquiring an additional 92 shares in the last quarter. Nvwm LLC increased its position in T. Rowe Price Group by 2.2% during the third quarter. Nvwm LLC now owns 4,496 shares of the asset manager's stock worth $490,000 after acquiring an additional 95 shares during the period. Strategy Asset Managers LLC raised its stake in T. Rowe Price Group by 4.6% in the 3rd quarter. Strategy Asset Managers LLC now owns 2,169 shares of the asset manager's stock worth $236,000 after purchasing an additional 95 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in T. Rowe Price Group by 29.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 430 shares of the asset manager's stock valued at $49,000 after purchasing an additional 99 shares during the period. 73.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at T. Rowe Price Group

In related news, insider Jessica M. Hiebler sold 484 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $104.73, for a total value 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 3.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the transaction, the vice president now directly owns 119,577 shares of the company's stock, valued at approximately $14,749,822.95. This represents a 3.27 % 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.

T. Rowe Price Group Stock Performance

Shares of T. Rowe Price Group stock traded down $0.75 during midday trading on Thursday, hitting $120.96. 1,087,557 shares of the company traded hands, compared to its average volume of 1,268,662. The firm's fifty day moving average price is $116.16 and its 200-day moving average price is $113.20. The stock has a market cap of $26.87 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 1.75 and a beta of 1.42. T. Rowe Price Group, Inc. has a 12 month low of $98.36 and a 12 month high of $125.81.

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 for the quarter, topping analysts' consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. 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 previous year, the firm posted $2.17 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that T. Rowe Price Group, Inc. will post 9.39 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $1.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a yield of 4.10%. T. Rowe Price Group's payout ratio is presently 54.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an "underweight" rating for the company in a research report on Monday, November 4th. Evercore ISI raised their price objective on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft upped their target price on T. Rowe Price Group from $115.00 to $120.00 and gave the company a "hold" rating in a research report on Monday, November 11th. Barclays raised their price target on T. Rowe Price Group from $110.00 to $115.00 and gave the stock an "underweight" rating in a research report on Monday. Finally, TD Cowen cut their price objective on shares of T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Monday, November 4th. 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 company has an average rating of "Hold" and a consensus price target of $117.09.

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.