First National Trust Co Buys 10,287 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

First National Trust Co increased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 22.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,807 shares of the asset manager's stock after acquiring an additional 10,287 shares during the period. First National Trust Co's holdings in T. Rowe Price Group were worth $6,311,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nilsine Partners LLC raised its stake in T. Rowe Price Group by 75.5% in the fourth quarter. Nilsine Partners LLC now owns 5,509 shares of the asset manager's stock valued at $623,000 after buying an additional 2,370 shares during the period. Principal Financial Group Inc. raised its stake in T. Rowe Price Group by 2.8% in the third quarter. Principal Financial Group Inc. now owns 275,978 shares of the asset manager's stock valued at $30,062,000 after buying an additional 7,503 shares during the period. Amundi raised its stake in T. Rowe Price Group by 30.1% in the fourth quarter. Amundi now owns 1,717,877 shares of the asset manager's stock valued at $194,064,000 after buying an additional 397,278 shares during the period. Janus Henderson Group PLC raised its stake in T. Rowe Price Group by 3.8% in the third quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager's stock valued at $3,267,000 after buying an additional 1,100 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of T. Rowe Price Group by 0.5% in the fourth quarter. Fisher Asset Management LLC now owns 1,870,446 shares of the asset manager's stock valued at $211,529,000 after purchasing an additional 8,992 shares during the last quarter. Institutional investors own 73.39% of the company's stock.

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Insiders Place Their Bets

In other news, VP Arif Husain sold 4,112 shares of the stock in a transaction on Tuesday, February 11th. The stock was 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 in the company, valued at approximately $4,021,136. This represents a 10.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TROW. Barclays decreased their target price on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a research report on Thursday, February 6th. StockNews.com downgraded T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Wells Fargo & Company decreased their target price on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, Morgan Stanley decreased 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. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $114.09.

T. Rowe Price Group Trading Up 1.1 %

NASDAQ TROW traded up $1.00 on Friday, hitting $93.04. 2,552,180 shares of the company's stock were exchanged, compared to its average volume of 1,704,732. The stock has a 50-day moving average of $108.27 and a 200-day moving average of $111.62. T. Rowe Price Group, Inc. has a 52 week low of $91.37 and a 52 week high of $125.81. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 2.86 and a beta of 1.46.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the firm earned $1.72 EPS. As a group, 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.27 per share. 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 annualized dividend and a yield of 5.46%. T. Rowe Price Group's dividend payout ratio is presently 55.46%.

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.