T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 18.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,032 shares of the asset manager's stock after purchasing an additional 18,949 shares during the period. DekaBank Deutsche Girozentrale owned about 0.05% of T. Rowe Price Group worth $13,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TROW. Victory Capital Management Inc. boosted its stake in shares of T. Rowe Price Group by 3.8% during the second quarter. Victory Capital Management Inc. now owns 3,436,019 shares of the asset manager's stock worth $396,207,000 after buying an additional 124,686 shares during the period. American Century Companies Inc. grew its stake in shares of T. Rowe Price Group by 4.5% in the 2nd quarter. American Century Companies Inc. now owns 2,512,793 shares of the asset manager's stock valued at $289,750,000 after purchasing an additional 107,086 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of T. Rowe Price Group by 6.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,751,405 shares of the asset manager's stock valued at $188,609,000 after purchasing an additional 109,053 shares during the period. First Trust Advisors LP raised its stake in shares of T. Rowe Price Group by 1.3% during the fourth quarter. First Trust Advisors LP now owns 1,173,858 shares of the asset manager's stock worth $126,413,000 after purchasing an additional 15,504 shares during the last quarter. Finally, Confluence Investment Management LLC acquired a new stake in shares of T. Rowe Price Group during the first quarter worth $130,386,000. 73.39% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price Group Trading Up 1.3 %

Shares of TROW stock traded up $1.31 during mid-day trading on Monday, reaching $105.87. The stock had a trading volume of 797,998 shares, compared to its average volume of 1,269,069. The company has a market cap of $23.57 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 has a 50-day simple moving average of $109.60 and a 200 day simple moving average of $113.51.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its earnings results on Friday, July 26th. The asset manager reported $2.26 earnings per share (EPS) 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 analyst estimates of $1.79 billion. T. Rowe Price Group had a return on equity of 19.90% and a net margin of 28.66%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.02 EPS. Research analysts anticipate that T. Rowe Price Group, Inc. will post 9 EPS for the current year.

T. Rowe Price Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date of this dividend is Friday, September 13th. T. Rowe Price Group's dividend payout ratio (DPR) is presently 58.91%.

Insiders Place Their Bets

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 484 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $104.73, for a total value of $50,689.32. Following the transaction, the insider now directly owns 13,939 shares in the company, valued at approximately $1,459,831.47. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Jessica M. Hiebler sold 484 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the completion of the transaction, the insider now directly owns 13,939 shares in the company, valued at $1,459,831.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 in the company, valued at $1,644,838.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,854 shares of company stock valued at $1,677,767. Corporate insiders own 2.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on TROW shares. JPMorgan Chase & Co. boosted their price objective on shares of T. Rowe Price Group from $102.00 to $107.00 and gave the company an "underweight" rating in a research note on Tuesday, July 23rd. Barclays initiated coverage on shares of T. Rowe Price Group in a report on Tuesday, August 27th. They set an "underweight" rating and a $99.00 price target for the company. Evercore ISI lowered their price objective on T. Rowe Price Group from $115.00 to $108.00 and set an "in-line" rating on the stock in a report on Thursday, September 5th. TD Cowen cut their target price on T. Rowe Price Group from $123.00 to $118.00 and set a "hold" rating for the company in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $120.00 price target (down from $121.00) on shares of T. Rowe Price Group in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company's stock. According to MarketBeat.com, T. Rowe Price Group has a consensus rating of "Hold" and an average target price 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.