T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Acquired by F M Investments LLC

F M Investments LLC grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 66.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,931 shares of the asset manager's stock after acquiring an additional 7,928 shares during the quarter. F M Investments LLC's holdings in T. Rowe Price Group were worth $2,254,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. DRW Securities LLC purchased a new stake in T. Rowe Price Group during the 4th quarter worth approximately $265,000. Raymond James Financial Inc. acquired a new stake in shares of T. Rowe Price Group during the fourth quarter worth $32,332,000. Martingale Asset Management L P grew its holdings in shares of T. Rowe Price Group by 13.7% during the fourth quarter. Martingale Asset Management L P now owns 4,659 shares of the asset manager's stock valued at $527,000 after buying an additional 563 shares during the last quarter. APG Asset Management N.V. acquired a new position in shares of T. Rowe Price Group in the 4th quarter valued at $13,280,000. Finally, Advisory Services Network LLC increased its position in shares of T. Rowe Price Group by 4.5% in the 4th quarter. Advisory Services Network LLC now owns 22,116 shares of the asset manager's stock valued at $2,501,000 after acquiring an additional 943 shares during the period. Hedge funds and other institutional investors own 73.39% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on TROW shares. Wells Fargo & Company dropped their price target on T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their target price on T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating on the stock in a research report on Monday, February 24th. TD Cowen reduced their price target on shares of T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Citigroup dropped their price objective on shares of T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $113.00 price objective (up previously 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 assigned a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $100.09.

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T. Rowe Price Group Price Performance

TROW stock traded down $1.74 during midday trading on Tuesday, hitting $87.58. 1,845,010 shares of the stock traded hands, compared to its average volume of 1,442,143. The stock's fifty day simple moving average is $97.55 and its 200-day simple moving average is $109.02. The firm has a market cap of $19.46 billion, a P/E ratio of 9.56, a PEG ratio of 2.86 and a beta of 1.50. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results 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 net margin of 29.61% and a return on equity of 20.83%. During the same quarter in the previous year, the business earned $1.72 earnings per share. On average, research analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a yield of 5.80%. The ex-dividend date was Friday, March 14th. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.24. T. Rowe Price Group's dividend payout ratio is currently 55.46%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $4,021,136. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert F. Maclellan sold 3,955 shares of the firm's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $91.56, for a total value of $362,119.80. Following the completion of the sale, the director now directly owns 42,979 shares of the company's stock, valued at $3,935,157.24. This trade represents a 8.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

About T. Rowe Price Group

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.