T. Rowe Price Group, Inc. (NASDAQ:TROW) Stake Raised by Blair William & Co. IL

Blair William & Co. IL boosted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,777 shares of the asset manager's stock after purchasing an additional 10,340 shares during the quarter. Blair William & Co. IL owned about 0.10% of T. Rowe Price Group worth $24,766,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lynx Investment Advisory purchased a new position in T. Rowe Price Group in the second quarter valued at about $29,000. Family Firm Inc. acquired a new position in T. Rowe Price Group in the 2nd quarter valued at about $36,000. Versant Capital Management Inc lifted its holdings 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 in the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 in the last quarter. Finally, Riverview Trust Co boosted its stake in shares of T. Rowe Price Group by 136.4% during the 2nd quarter. Riverview Trust Co now owns 357 shares of the asset manager's stock worth $41,000 after purchasing an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

Insiders Place Their Bets

In related news, insider Jessica M. Hiebler sold 1,401 shares of the business's stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $115.85, for a total value of $162,305.85. Following the completion of the sale, the insider now directly owns 14,198 shares of the company's stock, valued at $1,644,838.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 484 shares of the 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 sale, the insider now directly owns 13,939 shares of the company's stock, valued at $1,459,831.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jessica M. Hiebler sold 1,401 shares of the business's stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $115.85, for a total transaction of $162,305.85. Following the transaction, the insider now directly owns 14,198 shares of the company's stock, valued at approximately $1,644,838.30. The disclosure for this sale can be found here. Insiders sold a total of 13,854 shares of company stock valued at $1,443,767 in the last ninety days. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TROW shares. TD Cowen decreased their price target on T. Rowe Price Group from $123.00 to $118.00 and set a "hold" rating on the stock in a research note on Monday, July 29th. StockNews.com downgraded shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Monday, July 29th. Keefe, Bruyette & Woods reaffirmed 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. Deutsche Bank Aktiengesellschaft boosted 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 research note on Thursday, August 15th. Finally, Evercore ISI cut their target price on 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. Three equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $113.30.

T. Rowe Price Group Stock Up 2.2 %

Shares of NASDAQ TROW traded up $2.42 on Thursday, hitting $110.55. The company had a trading volume of 1,163,780 shares, compared to its average volume of 1,268,103. T. Rowe Price Group, Inc. has a 12-month low of $87.43 and a 12-month high of $122.27. The firm has a market capitalization of $24.61 billion, a P/E ratio of 13.13, a PEG ratio of 1.69 and a beta of 1.41. The business has a 50 day moving average of $109.00 and a two-hundred day moving average of $113.36.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings data 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). T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The firm had revenue of $1.73 billion during the quarter, compared to analysts' expectations of $1.79 billion. During the same period in the previous year, the company earned $2.02 earnings per share. The business's quarterly revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $1.24 per share. The ex-dividend date is Friday, September 13th. This represents a $4.96 dividend on an annualized basis and a yield of 4.49%. T. Rowe Price Group's dividend payout ratio (DPR) is 58.91%.

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.