International Assets Investment Management LLC Has $1.06 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

International Assets Investment Management LLC decreased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 99.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,350 shares of the asset manager's stock after selling 1,058,305 shares during the quarter. International Assets Investment Management LLC's holdings in T. Rowe Price Group were worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TROW. Caisse DE Depot ET Placement DU Quebec boosted its holdings in T. Rowe Price Group by 382.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 398,175 shares of the asset manager's stock worth $43,373,000 after purchasing an additional 315,581 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of T. Rowe Price Group by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,840,807 shares of the asset manager's stock worth $745,169,000 after buying an additional 231,286 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of T. Rowe Price Group by 15.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,611,307 shares of the asset manager's stock valued at $185,810,000 after buying an additional 220,105 shares during the period. AQR Capital Management LLC grew its position in shares of T. Rowe Price Group by 77.2% during the 2nd quarter. AQR Capital Management LLC now owns 451,237 shares of the asset manager's stock valued at $52,032,000 after buying an additional 196,565 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in T. Rowe Price Group by 45.1% during the third quarter. Franklin Resources Inc. now owns 490,155 shares of the asset manager's stock worth $53,760,000 after acquiring an additional 152,430 shares during the period. 73.39% of the stock is currently owned by institutional investors.

Insider Activity

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now directly owns 119,577 shares of the company's stock, valued at $14,749,822.95. This trade represents a 3.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on TROW shares. Deutsche Bank Aktiengesellschaft upped their target price 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. Evercore ISI upped their price objective on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods raised their target price on T. Rowe Price Group from $114.00 to $116.00 and gave the company a "market perform" rating in a research note on Friday, December 20th. StockNews.com lowered shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, The Goldman Sachs Group dropped their price objective on shares of T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating on the stock in a report on Thursday, October 3rd. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat.com, T. Rowe Price Group currently has an average rating of "Hold" and a consensus price target of $117.00.

T. Rowe Price Group Stock Performance

Shares of NASDAQ:TROW traded down $4.29 during trading on Friday, reaching $108.55. The company had a trading volume of 2,164,023 shares, compared to its average volume of 1,238,487. T. Rowe Price Group, Inc. has a twelve month low of $100.49 and a twelve month high of $125.81. The firm has a market capitalization of $24.12 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.43. The firm's fifty day moving average is $118.28 and its 200 day moving average is $113.04.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.21. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $2.17 EPS. Equities analysts predict that T. Rowe Price Group, Inc. will post 9.39 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Friday, December 13th. T. Rowe Price Group's payout ratio is 54.27%.

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.