T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Acquired by Jump Financial LLC

Jump Financial LLC raised its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 291.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,967 shares of the asset manager's stock after acquiring an additional 7,419 shares during the quarter. Jump Financial LLC's holdings in T. Rowe Price Group were worth $1,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TROW. Vanguard Group Inc. increased its holdings in T. Rowe Price Group by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 26,063,837 shares of the asset manager's stock valued at $2,947,559,000 after buying an additional 135,203 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of T. Rowe Price Group by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,187,176 shares of the asset manager's stock worth $812,798,000 after buying an additional 346,369 shares during the period. Geode Capital Management LLC grew its stake in shares of 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 valued at $635,260,000 after acquiring an additional 116,231 shares during the period. Provident Trust Co. increased its holdings in T. Rowe Price Group by 8.9% in the 4th quarter. Provident Trust Co. now owns 2,611,294 shares of the asset manager's stock worth $295,311,000 after acquiring an additional 213,566 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in T. Rowe Price Group by 1.7% during the fourth quarter. Invesco Ltd. now owns 2,397,819 shares of the asset manager's stock valued at $271,169,000 after purchasing an additional 40,514 shares in the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TROW. Barclays cut their price target on T. Rowe Price Group from $105.00 to $85.00 and set an "underweight" rating for the company in a research note on Wednesday, April 16th. TD Cowen dropped their price objective on shares of T. Rowe Price Group from $112.00 to $89.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. The Goldman Sachs Group reduced their price objective on T. Rowe Price Group from $89.00 to $80.00 and set a "sell" rating on the stock in a research note on Monday, April 14th. Bank of America lowered their price objective on T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a research note on Thursday, April 3rd. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $113.00 price target (up from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. Based on data from MarketBeat.com, T. Rowe Price Group presently has a consensus rating of "Hold" and an average price target of $96.00.

T. Rowe Price Group Trading Up 0.6 %

Shares of NASDAQ TROW traded up $0.48 during trading hours on Wednesday, reaching $86.66. The stock had a trading volume of 2,854,410 shares, compared to its average volume of 1,460,774. T. Rowe Price Group, Inc. has a 52-week low of $77.85 and a 52-week high of $125.81. The business's fifty day moving average price is $94.35 and its two-hundred day moving average price is $107.95. The firm has a market cap of $19.26 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 2.86 and a beta of 1.50.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (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 in the prior year, the firm earned $1.72 EPS. Equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were paid a $1.27 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a yield of 5.86%. T. Rowe Price Group's dividend payout ratio (DPR) is 55.46%.

Insider Transactions at T. Rowe Price Group

In related news, Director Robert F. Maclellan sold 3,955 shares of the company's stock in a transaction on Monday, March 31st. The stock was sold at an average price of $91.56, for a total transaction of $362,119.80. Following the transaction, the director now owns 42,979 shares of the company's stock, valued at $3,935,157.24. This represents a 8.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Arif Husain sold 4,112 shares of the company'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 directly owns 36,800 shares in the company, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

T. Rowe Price Group 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.