T. Rowe Price Group, Inc. (NASDAQ:TROW) Holdings Raised by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 32.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 70,100 shares of the asset manager's stock after buying an additional 17,100 shares during the quarter. Forsta AP Fonden's holdings in T. Rowe Price Group were worth $8,083,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Lynx Investment Advisory bought a new stake in T. Rowe Price Group in the 2nd quarter valued at about $29,000. Family Firm Inc. bought a new stake in T. Rowe Price Group in the 2nd quarter valued at about $36,000. Versant Capital Management Inc lifted its position in T. Rowe Price Group by 660.5% in the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the asset manager's stock valued at $38,000 after purchasing an additional 284 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in T. Rowe Price Group by 93.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 331 shares of the asset manager's stock valued at $40,000 after purchasing an additional 160 shares during the last quarter. Finally, Riverview Trust Co lifted its position in T. Rowe Price Group by 136.4% in the 2nd quarter. Riverview Trust Co now owns 357 shares of the asset manager's stock valued at $41,000 after purchasing an additional 206 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors.

Insider Activity at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the company's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.83, for a total value of $1,230,772.27. Following the completion of the sale, the vice president now owns 123,624 shares in the company, valued at approximately $12,712,255.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.83, for a total value of $1,230,772.27. Following the completion of the sale, the vice president now owns 123,624 shares in the company, valued at approximately $12,712,255.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $117.00, for a total transaction of $234,000.00. Following the completion of the sale, the vice president now owns 34,710 shares of the company's stock, valued at approximately $4,061,070. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,370 shares of company stock worth $1,627,078. 2.00% of the stock is owned by corporate insiders.

T. Rowe Price Group Stock Up 0.9 %

NASDAQ:TROW traded up $0.92 during trading hours on Friday, reaching $104.56. 1,147,852 shares of the company's stock were exchanged, compared to its average volume of 1,019,584. The company has a market capitalization of $23.28 billion, a P/E ratio of 12.42, a price-to-earnings-growth ratio of 1.67 and a beta of 1.41. T. Rowe Price Group, Inc. has a 12 month low of $87.43 and a 12 month high of $122.27. The business's 50-day simple moving average is $109.60 and its two-hundred day simple moving average is $113.50.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its earnings results on Friday, July 26th. The asset manager reported $2.26 earnings per share for the quarter, missing analysts' consensus estimates of $2.27 by ($0.01). The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.79 billion. T. Rowe Price Group had a return on equity of 19.90% and a net margin of 28.66%. The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.02 earnings per share. As a group, sell-side analysts anticipate that T. Rowe Price Group, Inc. will post 9 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $1.24 dividend. The ex-dividend date is Friday, September 13th. This represents a $4.96 annualized dividend and a dividend yield of 4.74%. T. Rowe Price Group's dividend payout ratio (DPR) is presently 58.91%.

Analyst Ratings Changes

A number of research firms have commented on TROW. Evercore ISI dropped their price target on shares of T. Rowe Price Group from $115.00 to $108.00 and set an "in-line" rating on the stock in a research report on Thursday, September 5th. StockNews.com cut shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Monday, July 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company a "hold" rating in a report on Thursday, August 15th. Wells Fargo & Company began coverage on shares of T. Rowe Price Group in a report on Thursday. They issued an "equal weight" rating and a $109.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $120.00 price objective (down from $121.00) on shares of T. Rowe Price Group in a report on Monday, July 29th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $113.30.

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.