T. Rowe Price Group, Inc. (NASDAQ:TROW) Holdings Raised by National Pension Service

National Pension Service grew its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 13.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 360,812 shares of the asset manager's stock after purchasing an additional 43,396 shares during the period. National Pension Service owned approximately 0.16% of T. Rowe Price Group worth $39,303,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Donaldson Capital Management LLC increased its stake in shares of T. Rowe Price Group by 0.7% during the third quarter. Donaldson Capital Management LLC now owns 389,016 shares of the asset manager's stock worth $42,375,000 after acquiring an additional 2,816 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in T. Rowe Price Group by 14.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 47,793 shares of the asset manager's stock valued at $5,206,000 after purchasing an additional 5,980 shares in the last quarter. Nvwm LLC increased its position in T. Rowe Price Group by 2.2% during the 3rd quarter. Nvwm LLC now owns 4,496 shares of the asset manager's stock worth $490,000 after purchasing an additional 95 shares during the period. Van ECK Associates Corp raised its stake in shares of T. Rowe Price Group by 5.9% during the 3rd quarter. Van ECK Associates Corp now owns 91,496 shares of the asset manager's stock worth $10,022,000 after buying an additional 5,109 shares in the last quarter. Finally, Private Wealth Partners LLC lifted its holdings in shares of T. Rowe Price Group by 67.4% in the 3rd quarter. Private Wealth Partners LLC now owns 5,525 shares of the asset manager's stock valued at $602,000 after buying an additional 2,225 shares during the period. Institutional investors and hedge funds own 73.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays upped their price objective on T. Rowe Price Group from $101.00 to $110.00 and gave the stock an "underweight" rating in a report on Monday. Morgan Stanley increased their price target on shares of T. Rowe Price Group from $127.00 to $129.00 and gave the company an "equal weight" rating in a report on Monday. Wells Fargo & Company raised their price objective on shares of T. Rowe Price Group from $109.00 to $112.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. StockNews.com lowered shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research report on Monday, July 29th. Finally, Evercore ISI lifted their price target on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company an "in-line" rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $115.09.

T. Rowe Price Group Stock Down 1.0 %

Shares of TROW traded down $1.25 during mid-day trading on Thursday, reaching $120.06. 1,351,560 shares of the company's stock were exchanged, compared to its average volume of 1,263,357. T. Rowe Price Group, Inc. has a 52-week low of $90.02 and a 52-week high of $122.27. The company has a 50-day simple moving average of $108.79 and a two-hundred day simple moving average of $111.82. The company has a market cap of $26.67 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.73 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.21. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.84 billion. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.17 earnings per share. As a group, equities research analysts predict that T. Rowe Price Group, Inc. will post 9.27 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $1.24 per share. The ex-dividend date is Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.13%. T. Rowe Price Group's payout ratio is currently 54.27%.

Insider Activity

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.83, for a total value of $1,230,772.27. Following the completion of the transaction, the vice president now directly owns 123,624 shares of the company's stock, valued at $12,712,255.92. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction on Friday, September 13th. The shares were sold at an average price of $104.73, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the stock in a transaction 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 transaction, the vice president now owns 123,624 shares in the company, valued at $12,712,255.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

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.