T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Purchased by OmniStar Financial Group Inc.

OmniStar Financial Group Inc. grew its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 91.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,959 shares of the asset manager's stock after purchasing an additional 5,246 shares during the period. T. Rowe Price Group comprises about 0.9% of OmniStar Financial Group Inc.'s holdings, making the stock its 28th biggest holding. OmniStar Financial Group Inc.'s holdings in T. Rowe Price Group were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TROW. Dimensional Fund Advisors LP grew its stake in T. Rowe Price Group by 15.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,611,307 shares of the asset manager's stock worth $185,810,000 after buying an additional 220,105 shares during the last quarter. AQR Capital Management LLC increased its holdings in T. Rowe Price Group by 77.2% during the 2nd quarter. AQR Capital Management LLC now owns 451,237 shares of the asset manager's stock worth $52,032,000 after purchasing an additional 196,565 shares in the last quarter. Burney Co. acquired a new stake in shares of T. Rowe Price Group in the second quarter valued at approximately $20,938,000. Canada Pension Plan Investment Board grew its holdings in shares of T. Rowe Price Group by 1,328.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 162,010 shares of the asset manager's stock valued at $18,681,000 after acquiring an additional 150,665 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of T. Rowe Price Group during the 2nd quarter worth approximately $15,907,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Trading Up 1.4 %

Shares of NASDAQ:TROW traded up $1.61 during trading on Friday, reaching $114.82. The company's stock had a trading volume of 550,130 shares, compared to its average volume of 1,248,293. T. Rowe Price Group, Inc. has a 12 month low of $87.43 and a 12 month high of $122.27. The stock has a market capitalization of $25.64 billion, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.84 and a beta of 1.41. The firm's 50 day simple moving average is $107.33 and its two-hundred day simple moving average is $112.09.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its earnings results on Friday, July 26th. The asset manager reported $2.26 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 analysts' expectations of $1.79 billion. T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the business posted $2.02 EPS. Research analysts anticipate that T. Rowe Price Group, Inc. will post 9.04 EPS for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $1.24 dividend. The ex-dividend date was Friday, September 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.32%. T. Rowe Price Group's dividend payout ratio is presently 58.91%.

Insider Activity at T. Rowe Price Group

In other news, insider Jessica M. Hiebler sold 484 shares of the firm'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 sale, the insider now directly owns 13,939 shares in the company, valued at approximately $1,459,831.47. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 transaction of $50,689.32. Following the completion of the sale, the insider now owns 13,939 shares in the company, valued at approximately $1,459,831.47. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was 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 directly owns 123,624 shares of the company's stock, valued at approximately $12,712,255.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their target price on T. Rowe Price Group from $102.00 to $107.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 23rd. Wells Fargo & Company upped their price target on shares of T. Rowe Price Group from $109.00 to $112.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 9th. The Goldman Sachs Group decreased their price objective on shares of T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating for the company in a research report on Thursday, October 3rd. TD Cowen cut their price target on T. Rowe Price Group from $123.00 to $118.00 and set a "hold" rating on the stock in a report on Monday, July 29th. Finally, Morgan Stanley increased their price target on T. Rowe Price Group from $125.00 to $127.00 and gave the company an "equal weight" rating in a research report on Friday. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $113.00.

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.

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