T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC grew its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 64.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,288 shares of the asset manager's stock after acquiring an additional 2,859 shares during the quarter. Blueshift Asset Management LLC's holdings in T. Rowe Price Group were worth $824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TROW. Atria Investments Inc raised its holdings in T. Rowe Price Group by 7.0% in the third quarter. Atria Investments Inc now owns 6,103 shares of the asset manager's stock worth $665,000 after purchasing an additional 400 shares in the last quarter. Quest Partners LLC grew its position in shares of T. Rowe Price Group by 442,900.0% in the 3rd quarter. Quest Partners LLC now owns 4,430 shares of the asset manager's stock worth $483,000 after buying an additional 4,429 shares during the last quarter. LMR Partners LLP bought a new position in shares of T. Rowe Price Group during the 3rd quarter worth approximately $249,000. Pathstone Holdings LLC lifted its position in T. Rowe Price Group by 3.4% during the third quarter. Pathstone Holdings LLC now owns 27,535 shares of the asset manager's stock valued at $2,999,000 after acquiring an additional 894 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in T. Rowe Price Group by 260.7% in the third quarter. Meeder Asset Management Inc. now owns 9,227 shares of the asset manager's stock valued at $1,005,000 after acquiring an additional 6,669 shares in the last quarter. 73.39% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at T. Rowe Price Group

In other news, VP Arif Husain sold 4,112 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.24. Following the sale, the vice president now owns 36,800 shares of the company's stock, valued at $4,021,136. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TROW. StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. Morgan Stanley decreased their price target on 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. Barclays dropped their price target on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. Wells Fargo & Company decreased their price objective on shares of 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. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and set a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $114.09.

T. Rowe Price Group Trading Up 3.4 %

NASDAQ TROW traded up $3.15 on Monday, hitting $95.98. 1,990,576 shares of the company's stock traded hands, compared to its average volume of 1,297,703. The firm has a market capitalization of $21.37 billion, a PE ratio of 10.48, a P/E/G ratio of 2.86 and a beta of 1.46. T. Rowe Price Group, Inc. has a 1-year low of $91.37 and a 1-year high of $125.81. The firm's 50-day moving average price is $106.10 and its two-hundred day moving average price is $111.18.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing the consensus estimate 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 business earned $1.72 earnings per share. On average, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 5.29%. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. The ex-dividend date is Friday, March 14th. T. Rowe Price Group's dividend payout ratio (DPR) is 55.46%.

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.