T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,660 shares of the asset manager's stock after selling 26,824 shares during the period. D.A. Davidson & CO.'s holdings in T. Rowe Price Group were worth $9,122,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Truist Financial Corp boosted its holdings in T. Rowe Price Group by 5.6% in the fourth quarter. Truist Financial Corp now owns 70,095 shares of the asset manager's stock valued at $7,927,000 after purchasing an additional 3,691 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in T. Rowe Price Group by 2.3% in the fourth quarter. CIBC Asset Management Inc now owns 38,940 shares of the asset manager's stock valued at $4,404,000 after purchasing an additional 876 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in T. Rowe Price Group by 11.2% in the fourth quarter. Baillie Gifford & Co. now owns 431,485 shares of the asset manager's stock valued at $48,797,000 after purchasing an additional 43,291 shares during the last quarter. Strategic Advisors LLC boosted its holdings in T. Rowe Price Group by 22.4% in the fourth quarter. Strategic Advisors LLC now owns 4,100 shares of the asset manager's stock valued at $464,000 after purchasing an additional 750 shares during the last quarter. Finally, MOKAN Wealth Management Inc. purchased a new position in T. Rowe Price Group in the fourth quarter valued at about $573,000. Hedge funds and other institutional investors own 73.39% of the company's stock.

Insider Buying and Selling at T. Rowe Price Group

In related news, VP Arif Husain sold 4,112 shares of the 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 completion of the transaction, the vice president now directly owns 36,800 shares of the company's stock, valued at $4,021,136. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now directly owns 119,577 shares of the company's stock, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

T. Rowe Price Group Trading Down 2.0 %

Shares of NASDAQ TROW traded down $2.22 during mid-day trading on Friday, reaching $106.27. The company had a trading volume of 1,199,985 shares, compared to its average volume of 1,543,894. The business's 50-day moving average is $113.06 and its 200-day moving average is $112.27. The stock has a market cap of $23.66 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 2.85 and a beta of 1.44. T. Rowe Price Group, Inc. has a 52 week low of $100.49 and a 52 week 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 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 quarter in the prior year, the firm earned $1.72 earnings per share. As a group, equities research analysts forecast that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 4.78%. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. The ex-dividend date is Friday, March 14th. T. Rowe Price Group's dividend payout ratio is presently 54.15%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Barclays reduced their target price on 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. Deutsche Bank Aktiengesellschaft increased their target price on T. Rowe Price Group from $115.00 to $120.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $113.00 price target (up previously from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. TD Cowen cut their price target on T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating on the stock in a report on Monday, November 4th. Finally, Wells Fargo & Company cut 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 report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, T. Rowe Price Group has an average rating of "Hold" and an average target price of $115.09.

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.