Brandywine Global Investment Management LLC Has $20.35 Million Stock Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Brandywine Global Investment Management LLC lifted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 43.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,957 shares of the asset manager's stock after purchasing an additional 54,640 shares during the quarter. Brandywine Global Investment Management LLC owned 0.08% of T. Rowe Price Group worth $20,351,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TROW. Nilsine Partners LLC raised its holdings in shares of T. Rowe Price Group by 75.5% in the 4th quarter. Nilsine Partners LLC now owns 5,509 shares of the asset manager's stock worth $623,000 after buying an additional 2,370 shares in the last quarter. Principal Financial Group Inc. grew its position in T. Rowe Price Group by 2.8% in the third quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager's stock valued at $30,062,000 after acquiring an additional 7,503 shares during the period. Amundi raised its stake in T. Rowe Price Group by 30.1% during the fourth quarter. Amundi now owns 1,717,877 shares of the asset manager's stock worth $194,064,000 after acquiring an additional 397,278 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of T. Rowe Price Group by 5.9% during the fourth quarter. Commonwealth Equity Services LLC now owns 357,556 shares of the asset manager's stock valued at $40,436,000 after acquiring an additional 20,062 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of T. Rowe Price Group by 3.8% in the 3rd quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager's stock valued at $3,267,000 after purchasing an additional 1,100 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,955 shares of the firm's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $91.56, for a total transaction of $362,119.80. Following the completion of the sale, the director now directly owns 42,979 shares in the company, valued at $3,935,157.24. This trade represents a 8.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Arif Husain sold 4,112 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total value 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 position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Trading Down 7.5 %

Shares of T. Rowe Price Group stock traded down $7.03 during trading on Thursday, reaching $86.87. The stock had a trading volume of 2,066,762 shares, compared to its average volume of 1,371,639. The company has a market capitalization of $19.31 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 2.86 and a beta of 1.46. The stock has a fifty day moving average price of $103.36 and a two-hundred day moving average price of $110.62. T. Rowe Price Group, Inc. has a 52 week low of $85.76 and a 52 week high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued 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 return on equity of 20.83% and a net margin of 29.61%. During the same quarter in the prior year, the firm earned $1.72 EPS. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were given a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.85%. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Friday, March 14th. T. Rowe Price Group's dividend payout ratio (DPR) is presently 55.46%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Bank of America dropped their target price on shares of T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a research report on Thursday. Citigroup cut their target price on shares of T. Rowe Price Group from $120.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday. Wells Fargo & Company decreased their price target on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $113.00 price objective (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Finally, Barclays decreased their price objective on shares of T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Five analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to data from MarketBeat.com, T. Rowe Price Group presently has a consensus rating of "Hold" and a consensus price target of $108.50.

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.