T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC boosted its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 19.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,611 shares of the asset manager's stock after buying an additional 3,947 shares during the period. CreativeOne Wealth LLC's holdings in T. Rowe Price Group were worth $2,783,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Mariner LLC increased its position in T. Rowe Price Group by 2.8% during the fourth quarter. Mariner LLC now owns 38,163 shares of the asset manager's stock valued at $4,316,000 after acquiring an additional 1,036 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of T. Rowe Price Group by 114.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 13,757 shares of the asset manager's stock worth $1,556,000 after buying an additional 7,331 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in shares of T. Rowe Price Group during the 4th quarter valued at $280,000. Optimize Financial Inc bought a new position in T. Rowe Price Group in the 4th quarter worth $371,000. Finally, Townsquare Capital LLC grew its holdings in T. Rowe Price Group by 148.0% during the fourth quarter. Townsquare Capital LLC now owns 12,003 shares of the asset manager's stock valued at $1,357,000 after purchasing an additional 7,164 shares during the period. Institutional investors own 73.39% of the company's stock.

Insider Buying and Selling at T. Rowe Price Group

In other news, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction that occurred on Tuesday, February 11th. The shares were 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 of the company's stock, valued at $4,021,136. The trade was a 10.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert F. Maclellan sold 3,955 shares of the 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 sale, the director now directly owns 42,979 shares of the company's stock, valued at $3,935,157.24. The trade was a 8.43 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TROW shares. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $113.00 price objective (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Citigroup dropped their target price on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. dropped their price objective on T. Rowe Price Group from $110.00 to $90.00 and set an "underweight" rating for the company in a research note on Wednesday. Bank of America dropped their price target on T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Finally, StockNews.com lowered shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, T. Rowe Price Group presently has an average rating of "Hold" and a consensus target price of $96.00.

T. Rowe Price Group Price Performance

TROW stock traded up $0.74 during mid-day trading on Friday, reaching $86.11. The company had a trading volume of 4,903,880 shares, compared to its average volume of 1,453,090. The company has a market capitalization of $19.14 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. The firm has a 50 day moving average of $95.65 and a 200 day moving average of $108.41. T. Rowe Price Group, Inc. has a 12 month low of $77.85 and a 12 month high of $125.81.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 period in the prior year, the company posted $1.72 EPS. Analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $1.27 dividend. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.24. The ex-dividend date of this dividend was Friday, March 14th. This represents a $5.08 dividend on an annualized basis and a yield of 5.90%. T. Rowe Price Group's payout ratio is 55.46%.

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.