T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. grew its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 19.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 146,849 shares of the asset manager's stock after buying an additional 23,745 shares during the quarter. T. Rowe Price Group accounts for 0.7% of Meiji Yasuda Asset Management Co Ltd.'s investment portfolio, making the stock its 28th largest holding. Meiji Yasuda Asset Management Co Ltd. owned 0.07% of T. Rowe Price Group worth $16,933,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Lynx Investment Advisory acquired a new stake in T. Rowe Price Group in the second quarter valued at $29,000. Family Firm Inc. acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at about $36,000. Versant Capital Management Inc lifted its stake in shares of T. Rowe Price Group by 660.5% in the second 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 period. EverSource Wealth Advisors LLC grew its position in T. Rowe Price Group by 93.6% during the first quarter. EverSource Wealth Advisors LLC now owns 331 shares of the asset manager's stock worth $40,000 after buying an additional 160 shares during the period. Finally, Riverview Trust Co increased its holdings in T. Rowe Price Group by 136.4% in the second quarter. Riverview Trust Co now owns 357 shares of the asset manager's stock valued at $41,000 after buying an additional 206 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

Insider Activity at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $104.73, for a total transaction of $50,689.32. Following the transaction, the insider now owns 13,939 shares of the company's stock, valued at $1,459,831.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related 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 transaction of $1,230,772.27. Following the completion of the sale, the vice president now owns 123,624 shares of the company's stock, valued at approximately $12,712,255.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jessica M. Hiebler sold 484 shares of the firm's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $104.73, for a total transaction of $50,689.32. Following the completion of the transaction, the insider now owns 13,939 shares in the company, valued at approximately $1,459,831.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,854 shares of company stock worth $1,443,767. 2.00% of the stock is owned by company insiders.

T. Rowe Price Group Price Performance

TROW traded up $0.21 during trading on Wednesday, hitting $108.13. The company's stock had a trading volume of 866,849 shares, compared to its average volume of 1,268,683. T. Rowe Price Group, Inc. has a twelve month low of $87.43 and a twelve month high of $122.27. The stock has a market cap of $24.15 billion, a PE ratio of 12.82, a PEG ratio of 1.67 and a beta of 1.41. The firm's 50 day moving average price is $109.29 and its 200-day moving average price is $113.42.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its earnings results on Friday, July 26th. The asset manager reported $2.26 EPS for the quarter, missing the consensus estimate of $2.27 by ($0.01). T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The business had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the company posted $2.02 earnings per share. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. Equities analysts anticipate that T. Rowe Price Group, Inc. will post 9 earnings per share 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. Investors of record on Friday, September 13th will be given a $1.24 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $4.96 annualized dividend and a dividend yield of 4.59%. T. Rowe Price Group's dividend payout ratio is presently 58.91%.

Analyst Ratings Changes

Several brokerages have recently commented on TROW. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $120.00 price target (down previously from $121.00) on shares of T. Rowe Price Group in a research note on Monday, July 29th. JPMorgan Chase & Co. boosted their target price on T. Rowe Price Group from $102.00 to $107.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 23rd. StockNews.com cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. Evercore ISI decreased their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised 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 report on Thursday, August 15th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $113.30.

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.