Chevy Chase Trust Holdings LLC Sells 3,019 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Chevy Chase Trust Holdings LLC lessened its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 2.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,024 shares of the asset manager's stock after selling 3,019 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.06% of T. Rowe Price Group worth $13,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Banque Pictet & Cie SA raised its stake in shares of T. Rowe Price Group by 1.4% in the 4th quarter. Banque Pictet & Cie SA now owns 73,470 shares of the asset manager's stock worth $8,309,000 after buying an additional 1,007 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of T. Rowe Price Group by 11.1% in the 4th quarter. V Square Quantitative Management LLC now owns 7,015 shares of the asset manager's stock worth $793,000 after buying an additional 699 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of T. Rowe Price Group by 1.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 88,053 shares of the asset manager's stock worth $10,185,000 after buying an additional 871 shares in the last quarter. Park Capital Management LLC WI bought a new stake in shares of T. Rowe Price Group in the 4th quarter worth $275,000. Finally, Avidian Wealth Enterprises LLC raised its stake in shares of T. Rowe Price Group by 68.7% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 4,059 shares of the asset manager's stock worth $459,000 after buying an additional 1,653 shares in the last quarter. Institutional investors own 73.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TROW shares. Barclays cut their target price on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $113.00 target price (up from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Evercore ISI boosted their target price on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. TD Cowen cut their target price on T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company cut their target price 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. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, T. Rowe Price Group presently has a consensus rating of "Hold" and an average target price of $115.09.

Insider Buying and Selling at T. Rowe Price Group

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now owns 119,577 shares in the company, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Arif Husain sold 4,112 shares of the company's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total value of $449,318.24. Following the sale, the vice president now owns 36,800 shares of the company's stock, 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. Corporate insiders own 2.00% of the company's stock.

T. Rowe Price Group Trading Up 0.1 %

NASDAQ TROW traded up $0.13 on Thursday, reaching $108.49. The stock had a trading volume of 1,161,137 shares, compared to its average volume of 1,554,313. The business has a 50 day moving average price of $113.31 and a 200 day moving average price of $112.30. T. Rowe Price Group, Inc. has a 1 year low of $100.49 and a 1 year high of $125.81. The company has a market capitalization of $24.15 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 2.84 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its earnings results on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.91%. During the same period in the previous year, the company posted $1.72 earnings per share. On average, 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 company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a $1.27 dividend. The ex-dividend date is Friday, March 14th. This represents a $5.08 dividend on an annualized basis and a yield of 4.68%. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.24. T. Rowe Price Group's payout ratio is 54.15%.

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.