147,366 Shares in T. Rowe Price Group, Inc. (NASDAQ:TROW) Purchased by Lbp Am Sa

LBP AM SA acquired a new stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 147,366 shares of the asset manager's stock, valued at approximately $16,666,000. LBP AM SA owned 0.07% of T. Rowe Price Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TROW. Addison Advisors LLC grew its position in shares of T. Rowe Price Group by 67.4% during the fourth quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock worth $26,000 after purchasing an additional 93 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in T. Rowe Price Group by 124.0% in the 4th quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock worth $32,000 after purchasing an additional 155 shares during the period. Stonebridge Financial Group LLC purchased a new stake in T. Rowe Price Group during the 4th quarter valued at approximately $32,000. Advantage Trust Co raised its position in shares of T. Rowe Price Group by 48.8% during the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after buying an additional 100 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of T. Rowe Price Group in the third quarter worth $37,000. 73.39% of the stock is owned by institutional investors.

T. Rowe Price Group Stock Performance

T. Rowe Price Group stock traded down $0.71 during midday trading on Tuesday, hitting $93.60. 1,822,517 shares of the company were exchanged, compared to its average volume of 1,273,213. T. Rowe Price Group, Inc. has a fifty-two week low of $91.37 and a fifty-two week high of $125.81. The firm has a market capitalization of $20.84 billion, a PE ratio of 10.22, a price-to-earnings-growth ratio of 2.86 and a beta of 1.46. The business has a fifty day simple moving average of $107.87 and a two-hundred day simple moving average of $111.57.

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T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted 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 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 EPS. As a group, equities analysts expect 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. Stockholders of record on Friday, March 14th will be given a dividend of $1.27 per share. The ex-dividend date of this dividend 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 dividend on an annualized basis and a dividend yield of 5.43%. T. Rowe Price Group's dividend payout ratio (DPR) is 55.46%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TROW. Morgan Stanley cut their target price on shares of T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating for the company in a report on Monday, February 24th. StockNews.com downgraded T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $113.00 price target (up previously from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Wells Fargo & Company reduced their price objective on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Finally, Barclays reduced their price target on shares of T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating for the company in a report on Thursday, February 6th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $114.09.

Insider Activity at T. Rowe Price Group

In related news, VP Arif Husain sold 4,112 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the transaction, the vice president now directly owns 36,800 shares of the company's stock, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

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.