Kintegral Advisory LLC Purchases 6,504 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Kintegral Advisory LLC increased its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 22.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,005 shares of the asset manager's stock after purchasing an additional 6,504 shares during the period. Kintegral Advisory LLC's holdings in T. Rowe Price Group were worth $4,152,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TROW. GAMMA Investing LLC bought a new position in T. Rowe Price Group in the 4th quarter worth approximately $139,000. Atria Wealth Solutions Inc. raised its position in T. Rowe Price Group by 89.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 8,714 shares of the asset manager's stock worth $939,000 after purchasing an additional 4,119 shares during the last quarter. Citizens Financial Group Inc. RI bought a new position in T. Rowe Price Group in the 4th quarter worth approximately $312,000. Principle Wealth Partners LLC raised its position in T. Rowe Price Group by 1.7% in the 4th quarter. Principle Wealth Partners LLC now owns 9,137 shares of the asset manager's stock worth $984,000 after purchasing an additional 150 shares during the last quarter. Finally, Capital Investment Counsel Inc raised its position in T. Rowe Price Group by 14.7% in the 4th quarter. Capital Investment Counsel Inc now owns 52,875 shares of the asset manager's stock worth $5,694,000 after purchasing an additional 6,780 shares during the last quarter. Institutional investors own 73.39% of the company's stock.

Insider Buying and Selling

In related news, insider Jessica M. Hiebler sold 1,401 shares of the company's stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $115.85, for a total value of $162,305.85. Following the completion of the transaction, the insider now directly owns 14,198 shares of the company's stock, valued at approximately $1,644,838.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $117.00, for a total transaction of $234,000.00. Following the completion of the transaction, the vice president now directly owns 34,710 shares in the company, valued at approximately $4,061,070. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jessica M. Hiebler sold 1,401 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $115.85, for a total transaction of $162,305.85. Following the transaction, the insider now owns 14,198 shares of the company's stock, valued at $1,644,838.30. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

T. Rowe Price Group Trading Down 0.4 %

Shares of TROW stock traded down $0.39 on Wednesday, hitting $107.51. The stock had a trading volume of 750,973 shares, compared to its average volume of 1,267,486. T. Rowe Price Group, Inc. has a twelve month low of $87.43 and a twelve month high of $122.27. The firm has a market cap of $23.93 billion, a P/E ratio of 12.77, a PEG ratio of 1.74 and a beta of 1.42. The company has a fifty day moving average price of $112.64 and a two-hundred day moving average price of $113.94.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The asset manager reported $2.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.27 by ($0.01). The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. T. Rowe Price Group's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $2.02 EPS. On average, analysts expect that T. Rowe Price Group, Inc. will post 9 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $1.24 dividend. This represents a $4.96 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend is Friday, September 13th. T. Rowe Price Group's payout ratio is presently 58.91%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TROW. Evercore ISI dropped their target price on shares of T. Rowe Price Group from $110.00 to $107.00 and set an "in-line" rating for the company in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft upped their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company a "hold" rating in a research report on Thursday, August 15th. StockNews.com cut shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. Barclays began coverage on shares of T. Rowe Price Group in a research report on Tuesday. They set an "underweight" rating and a $99.00 target price for the company. Finally, JPMorgan Chase & Co. upped their target price on shares of T. Rowe Price Group from $102.00 to $107.00 and gave the company an "underweight" rating in a research report on Tuesday, July 23rd. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $113.10.

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.

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