CWA Asset Management Group LLC Makes New Investment in T. Rowe Price Group, Inc. (NASDAQ:TROW)

CWA Asset Management Group LLC acquired a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,968 shares of the asset manager's stock, valued at approximately $5,007,000.

A number of other institutional investors have also recently bought and sold shares of TROW. Iron Horse Wealth Management LLC raised its stake in shares of T. Rowe Price Group by 90.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager's stock valued at $25,000 after purchasing an additional 110 shares during the period. Lynx Investment Advisory bought a new stake in T. Rowe Price Group in the 2nd quarter valued at approximately $29,000. Hexagon Capital Partners LLC boosted its position in T. Rowe Price Group by 54.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager's stock worth $32,000 after acquiring an additional 104 shares during the last quarter. Family Firm Inc. bought a new position in shares of T. Rowe Price Group during the 2nd quarter worth approximately $36,000. Finally, Versant Capital Management Inc raised its holdings in shares of T. Rowe Price Group by 660.5% in the second quarter. Versant Capital Management Inc now owns 327 shares of the asset manager's stock valued at $38,000 after purchasing an additional 284 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 484 shares of the firm's stock in a transaction on Friday, September 13th. The stock was 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 approximately $1,459,831.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.83, for a total transaction of $1,230,772.27. Following the completion of the transaction, the vice president now directly owns 123,624 shares in the company, valued at $12,712,255.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jessica M. Hiebler sold 484 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $104.73, for a total transaction of $50,689.32. Following the completion of the sale, the insider now owns 13,939 shares in the company, valued at $1,459,831.47. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TROW shares. Evercore ISI lifted their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company an "in-line" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upped their price target on shares of T. Rowe Price Group from $113.00 to $115.00 and gave the stock a "hold" rating in a research report on Monday, November 4th. The Goldman Sachs Group reduced their price target on T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating for the company in a report on Thursday, October 3rd. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $120.00 price objective (down previously from $121.00) on shares of T. Rowe Price Group in a research note on Monday, July 29th. Finally, Wells Fargo & Company raised their price target on T. Rowe Price Group from $109.00 to $112.00 and gave the company an "equal weight" rating in a report on Wednesday, October 9th. Four equities research 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, T. Rowe Price Group has an average rating of "Hold" and an average price target of $115.09.

T. Rowe Price Group Stock Performance

Shares of TROW stock traded down $2.44 during trading on Friday, hitting $117.62. The company had a trading volume of 1,383,414 shares, compared to its average volume of 1,263,906. The firm has a market capitalization of $26.13 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.41. The stock's 50-day moving average price is $109.33 and its 200 day moving average price is $111.92. T. Rowe Price Group, Inc. has a one year low of $90.02 and a one year high of $122.27.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The company had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the business earned $2.17 earnings per share. T. Rowe Price Group's revenue was up 6.9% on a year-over-year basis. On average, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.32 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $1.24 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a yield of 4.22%. T. Rowe Price Group's dividend payout ratio (DPR) is 54.27%.

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.