8,990 Shares in T. Rowe Price Group, Inc. (NASDAQ:TROW) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,990 shares of the asset manager's stock, valued at approximately $1,017,000.

A number of other hedge funds also recently bought and sold shares of the company. Insight Folios Inc lifted its position in T. Rowe Price Group by 3.6% during the third quarter. Insight Folios Inc now owns 2,612 shares of the asset manager's stock valued at $285,000 after purchasing an additional 90 shares in the last quarter. Keystone Financial Services lifted its position in shares of T. Rowe Price Group by 5.1% during the 3rd quarter. Keystone Financial Services now owns 1,885 shares of the asset manager's stock valued at $205,000 after buying an additional 92 shares in the last quarter. MCF Advisors LLC grew its stake in shares of T. Rowe Price Group by 1.5% during the 4th quarter. MCF Advisors LLC now owns 6,226 shares of the asset manager's stock valued at $704,000 after acquiring an additional 93 shares during the period. Nvwm LLC increased its holdings in T. Rowe Price Group by 2.2% in the 3rd quarter. Nvwm LLC now owns 4,496 shares of the asset manager's stock worth $490,000 after acquiring an additional 95 shares in the last quarter. Finally, Strategy Asset Managers LLC raised its stake in T. Rowe Price Group by 4.6% during the 3rd quarter. Strategy Asset Managers LLC now owns 2,169 shares of the asset manager's stock worth $236,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Stock Performance

NASDAQ TROW traded down $0.59 during trading on Tuesday, hitting $109.03. The stock had a trading volume of 1,040,987 shares, compared to its average volume of 1,573,199. T. Rowe Price Group, Inc. has a one year low of $100.49 and a one year high of $125.81. The stock has a 50 day simple moving average of $115.50 and a 200 day simple moving average of $112.50. The stock has a market capitalization of $24.22 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.70 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings data 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 net margin of 29.61% and a return on equity of 20.91%. During the same period in the previous year, the firm posted $1.72 EPS. On average, sell-side analysts predict that T. Rowe Price Group, Inc. will post 9.36 EPS for the current year.

T. Rowe Price Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $1.27 per share. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.66%. T. Rowe Price Group's dividend payout ratio (DPR) is 54.15%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TROW shares. Wells Fargo & Company lowered their target price on shares of 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. TD Cowen cut their price objective on T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $113.00 price target (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Deutsche Bank Aktiengesellschaft raised their price target on T. Rowe Price Group from $115.00 to $120.00 and gave the company a "hold" rating in a report on Monday, November 11th. Finally, Barclays cut their target price on shares of T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $115.09.

Insider Activity

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the sale, the vice president now directly owns 119,577 shares in the company, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.00% of the company's stock.

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.