Donaldson Capital Management LLC Increases Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Donaldson Capital Management LLC boosted its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 397,657 shares of the asset manager's stock after buying an additional 8,641 shares during the period. T. Rowe Price Group makes up approximately 1.7% of Donaldson Capital Management LLC's portfolio, making the stock its 25th biggest position. Donaldson Capital Management LLC owned about 0.18% of T. Rowe Price Group worth $44,971,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Amundi boosted its position in shares of T. Rowe Price Group by 30.1% during the fourth quarter. Amundi now owns 1,717,877 shares of the asset manager's stock worth $194,064,000 after buying an additional 397,278 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in T. Rowe Price Group by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,187,176 shares of the asset manager's stock worth $812,798,000 after acquiring an additional 346,369 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in T. Rowe Price Group by 382.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 398,175 shares of the asset manager's stock valued at $43,373,000 after acquiring an additional 315,581 shares during the period. Raymond James Financial Inc. acquired a new position in T. Rowe Price Group in the 4th quarter valued at about $32,332,000. Finally, Provident Trust Co. increased its stake in T. Rowe Price Group by 8.9% during the fourth quarter. Provident Trust Co. now owns 2,611,294 shares of the asset manager's stock worth $295,311,000 after purchasing an additional 213,566 shares during the period. Institutional investors and hedge funds own 73.39% of the company's stock.

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T. Rowe Price Group Price Performance

Shares of NASDAQ TROW traded down $2.75 during midday trading on Wednesday, hitting $93.55. 2,047,322 shares of the company's stock were exchanged, compared to its average volume of 1,641,924. The firm's fifty day simple moving average is $109.53 and its 200-day simple moving average is $111.97. The company has a market cap of $20.83 billion, a PE ratio of 10.24, a P/E/G ratio of 2.86 and a beta of 1.46. T. Rowe Price Group, Inc. has a twelve month low of $92.79 and a twelve month high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share 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 last year, the firm posted $1.72 EPS. Equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $1.27 dividend. The ex-dividend date is Friday, March 14th. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a yield of 5.43%. T. Rowe Price Group's payout ratio is 55.46%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Morgan Stanley decreased their price target on shares of T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating for the company in a research report on Monday, February 24th. StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Barclays reduced their price objective on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reissued 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 note on Thursday, February 6th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $114.09.

Insider Buying and Selling at T. Rowe Price Group

In related news, VP Arif Husain sold 4,112 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the transaction, the vice president now owns 36,800 shares in the company, valued at $4,021,136. This trade represents a 10.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.00% of the stock is currently owned by insiders.

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.