6,690 Shares in T. Rowe Price Group, Inc. (NASDAQ:TROW) Bought by Groupama Asset Managment

Groupama Asset Managment purchased a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,690 shares of the asset manager's stock, valued at approximately $762,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. OV Management LLC raised its stake in shares of T. Rowe Price Group by 8.8% in the fourth quarter. OV Management LLC now owns 14,333 shares of the asset manager's stock worth $1,621,000 after acquiring an additional 1,163 shares during the last quarter. Geode Capital Management LLC boosted its position in T. Rowe Price Group by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 5,631,429 shares of the asset manager's stock worth $635,260,000 after acquiring an additional 116,231 shares during the last quarter. National Bank of Canada FI grew its stake in T. Rowe Price Group by 8.3% in the fourth quarter. National Bank of Canada FI now owns 200,812 shares of the asset manager's stock valued at $22,720,000 after purchasing an additional 15,359 shares in the last quarter. HighPoint Advisor Group LLC raised its position in shares of T. Rowe Price Group by 18.8% in the fourth quarter. HighPoint Advisor Group LLC now owns 6,590 shares of the asset manager's stock valued at $719,000 after purchasing an additional 1,043 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of T. Rowe Price Group by 0.4% during the fourth quarter. Franklin Resources Inc. now owns 492,240 shares of the asset manager's stock worth $55,667,000 after acquiring an additional 2,085 shares during the period. Institutional investors own 73.39% of the company's stock.

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Insider Transactions at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,955 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $91.56, for a total value of $362,119.80. Following the transaction, the director now directly owns 42,979 shares in the company, valued at approximately $3,935,157.24. This trade represents a 8.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Arif Husain sold 4,112 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction of $449,318.24. Following the completion of the sale, the vice president now directly owns 36,800 shares in the company, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TROW shares. Bank of America cut their price target on shares of T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a report on Thursday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $113.00 price objective (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Citigroup reduced their price objective on T. Rowe Price Group from $120.00 to $100.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Barclays dropped 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, StockNews.com cut shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Sunday, February 2nd. Five investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, T. Rowe Price Group presently has a consensus rating of "Hold" and an average price target of $108.50.

T. Rowe Price Group Stock Down 1.7 %

Shares of T. Rowe Price Group stock traded down $1.44 during trading hours on Monday, reaching $81.16. 1,533,362 shares of the company's stock were exchanged, compared to its average volume of 1,394,428. The company has a market capitalization of $18.04 billion, a P/E ratio of 8.81, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. T. Rowe Price Group, Inc. has a 1 year low of $77.92 and a 1 year high of $125.81. The business has a fifty day moving average of $102.18 and a two-hundred day moving average of $110.32.

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 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 quarter last year, the firm posted $1.72 EPS. As a group, research analysts predict that T. Rowe Price Group, Inc. will post 9.29 EPS 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 given a $1.27 dividend. The ex-dividend date was Friday, March 14th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a dividend yield of 6.26%. T. Rowe Price Group's payout ratio is currently 55.46%.

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.