Level Four Advisory Services LLC Raises Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Level Four Advisory Services LLC lifted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 97,943 shares of the asset manager's stock after acquiring an additional 5,234 shares during the quarter. Level Four Advisory Services LLC's holdings in T. Rowe Price Group were worth $11,076,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TROW. Orion Portfolio Solutions LLC grew its position in T. Rowe Price Group by 16.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 17,789 shares of the asset manager's stock valued at $2,012,000 after acquiring an additional 2,464 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of T. Rowe Price Group by 24.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 211,968 shares of the asset manager's stock worth $23,971,000 after purchasing an additional 41,802 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in T. Rowe Price Group by 15.2% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 435,324 shares of the asset manager's stock worth $49,231,000 after buying an additional 57,405 shares during the period. Norges Bank bought a new stake in T. Rowe Price Group during the 4th quarter valued at about $117,704,000. Finally, Blair William & Co. IL boosted its position in T. Rowe Price Group by 13.2% in the 4th quarter. Blair William & Co. IL now owns 219,998 shares of the asset manager's stock valued at $24,880,000 after buying an additional 25,640 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the firm's stock in a transaction on Tuesday, February 11th. The shares were 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 owns 36,800 shares of the company's stock, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.00% of the company's stock.

T. Rowe Price Group Stock Up 0.3 %

Shares of T. Rowe Price Group stock traded up $0.30 on Monday, reaching $91.87. The stock had a trading volume of 2,242,354 shares, compared to its average volume of 1,772,630. The stock has a market capitalization of $20.42 billion, a P/E ratio of 10.03, a P/E/G ratio of 2.86 and a beta of 1.46. The company has a 50 day moving average price of $104.61 and a 200 day moving average price of $110.92. T. Rowe Price Group, Inc. has a 1 year low of $89.70 and a 1 year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly 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 previous year, the business earned $1.72 earnings per share. On average, analysts forecast 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 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 5.53%. T. Rowe Price Group's dividend payout ratio (DPR) is 55.46%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Sunday, February 2nd. Barclays reduced their price objective on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Citigroup lowered their target price on T. Rowe Price Group from $120.00 to $100.00 and set a "neutral" rating for the company in a report on Monday. Wells Fargo & Company cut their price target on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. Finally, 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. Four 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 an average target price of $111.82.

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.