Northeast Investment Management Has $8.30 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Northeast Investment Management cut its position in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 6.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,230 shares of the asset manager's stock after selling 5,249 shares during the quarter. Northeast Investment Management's holdings in T. Rowe Price Group were worth $8,304,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC grew its position in T. Rowe Price Group by 90.9% during the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager's stock worth $25,000 after buying an additional 110 shares in the last quarter. Lynx Investment Advisory bought a new stake in shares of T. Rowe Price Group in the 2nd quarter worth approximately $29,000. Hexagon Capital Partners LLC grew its holdings in shares of T. Rowe Price Group by 54.7% during the 3rd quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager's stock worth $32,000 after purchasing an additional 104 shares in the last quarter. Family Firm Inc. bought a new stake in shares of T. Rowe Price Group during the second quarter valued at approximately $36,000. Finally, Versant Capital Management Inc raised 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 in the last quarter. Institutional investors own 73.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TROW. Wells Fargo & Company raised their price target on shares of T. Rowe Price Group from $109.00 to $112.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T. Rowe Price Group from $113.00 to $115.00 and gave the company a "hold" rating in a report on Monday. StockNews.com lowered T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. Barclays lifted their price objective on T. Rowe Price Group from $101.00 to $110.00 and gave the company an "underweight" rating in a research report on Monday. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and issued a $120.00 target price (down from $121.00) on shares of T. Rowe Price Group in a research note on Monday, July 29th. Four analysts have rated the stock with a sell rating and eight have given a hold rating to the company. Based on data from MarketBeat.com, T. Rowe Price Group currently has an average rating of "Hold" and an average price target of $114.73.

Insider Buying and Selling

In related news, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction dated 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 sale, the insider now owns 13,939 shares of the company's stock, valued at approximately $1,459,831.47. The trade was a 0.00 % decrease in their position. The sale was disclosed in a 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 business's stock in a transaction on 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 in the company, valued at $12,712,255.92. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jessica M. Hiebler sold 484 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 13,939 shares in the company, valued at approximately $1,459,831.47. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

T. Rowe Price Group Stock Performance

NASDAQ TROW traded up $0.43 during trading on Monday, hitting $112.49. The stock had a trading volume of 1,921,108 shares, compared to its average volume of 1,257,208. The company has a market capitalization of $25.04 billion, a PE ratio of 13.22, a P/E/G ratio of 1.71 and a beta of 1.41. T. Rowe Price Group, Inc. has a 12 month low of $90.02 and a 12 month high of $122.27. The company's 50-day moving average price is $108.32 and its two-hundred day moving average price is $111.69.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.21. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a net margin of 28.66% and a return on equity of 19.90%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.17 EPS. As a group, equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.16 earnings per share for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a dividend yield of 4.41%. T. Rowe Price Group's dividend payout ratio is currently 58.56%.

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.