T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Acquired by Czech National Bank

Czech National Bank increased its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 48,169 shares of the asset manager's stock after acquiring an additional 2,824 shares during the period. Czech National Bank's holdings in T. Rowe Price Group were worth $5,447,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TROW. Acadian Asset Management LLC purchased a new position in T. Rowe Price Group during the second quarter valued at approximately $401,000. Dimensional Fund Advisors LP increased its holdings in shares of T. Rowe Price Group by 15.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,611,307 shares of the asset manager's stock valued at $185,810,000 after acquiring an additional 220,105 shares during the period. Bradley Foster & Sargent Inc. CT raised its position in shares of T. Rowe Price Group by 3.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 10,214 shares of the asset manager's stock worth $1,178,000 after acquiring an additional 310 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of T. Rowe Price Group by 19.3% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 146,849 shares of the asset manager's stock worth $16,933,000 after purchasing an additional 23,745 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in T. Rowe Price Group by 36.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 31,221 shares of the asset manager's stock valued at $3,600,000 after purchasing an additional 8,283 shares in the last quarter. 73.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on TROW. The Goldman Sachs Group decreased their price target on shares of T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating for the company in a research report on Thursday, October 3rd. Evercore ISI boosted their price objective on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Wells Fargo & Company reduced their price objective on shares of T. Rowe Price Group from $124.00 to $118.00 and set an "equal weight" rating for the company in a research note on Tuesday. StockNews.com lowered shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Thursday, January 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $116.00.

Insider Activity at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total value of $499,197.45. Following the transaction, the vice president now directly owns 119,577 shares of the company's stock, valued at approximately $14,749,822.95. This trade represents a 3.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by corporate insiders.

T. Rowe Price Group Price Performance

TROW stock traded down $1.19 during midday trading on Thursday, hitting $112.13. 1,195,040 shares of the stock traded hands, compared to its average volume of 1,362,294. The stock's fifty day simple moving average is $117.96 and its 200-day simple moving average is $112.86. The firm has a market cap of $24.91 billion, a P/E ratio of 12.27, a PEG ratio of 1.42 and a beta of 1.43. T. Rowe Price Group, Inc. has a 1-year low of $100.49 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.21. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. T. Rowe Price Group's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.17 EPS. On average, research analysts predict that T. Rowe Price Group, Inc. will post 9.46 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $1.24 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.42%. T. Rowe Price Group's dividend payout ratio (DPR) is 54.27%.

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.