New York State Teachers Retirement System Sells 14,919 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

New York State Teachers Retirement System reduced its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 205,560 shares of the asset manager's stock after selling 14,919 shares during the quarter. New York State Teachers Retirement System owned 0.09% of T. Rowe Price Group worth $23,247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Banque Pictet & Cie SA increased its stake in T. Rowe Price Group by 1.4% during the 4th quarter. Banque Pictet & Cie SA now owns 73,470 shares of the asset manager's stock valued at $8,309,000 after purchasing an additional 1,007 shares in the last quarter. V Square Quantitative Management LLC grew its stake in shares of T. Rowe Price Group by 11.1% in the fourth quarter. V Square Quantitative Management LLC now owns 7,015 shares of the asset manager's stock worth $793,000 after acquiring an additional 699 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of T. Rowe Price Group by 1.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 88,053 shares of the asset manager's stock worth $10,185,000 after acquiring an additional 871 shares during the period. Park Capital Management LLC WI bought a new stake in shares of T. Rowe Price Group in the fourth quarter worth approximately $275,000. Finally, Avidian Wealth Enterprises LLC grew its stake in shares of T. Rowe Price Group by 68.7% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 4,059 shares of the asset manager's stock worth $459,000 after acquiring an additional 1,653 shares during the period. 73.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T. Rowe Price Group

In other news, VP Arif Husain sold 4,112 shares of the business's stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the transaction, the vice president now owns 36,800 shares of the company's stock, valued at approximately $4,021,136. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now directly owns 119,577 shares in the company, valued at $14,749,822.95. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

T. Rowe Price Group Stock Up 0.4 %

NASDAQ:TROW traded up $0.48 during trading hours on Wednesday, hitting $108.36. 1,694,850 shares of the stock traded hands, compared to its average volume of 1,566,555. T. Rowe Price Group, Inc. has a 1 year low of $100.49 and a 1 year high of $125.81. The company has a market cap of $24.07 billion, a price-to-earnings ratio of 11.83, a price-to-earnings-growth ratio of 2.82 and a beta of 1.44. The stock has a 50 day moving average price of $113.58 and a 200 day moving average price of $112.32.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.91%. During the same quarter in the previous year, the company posted $1.72 EPS. Equities analysts forecast that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $1.27 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $5.08 annualized dividend and a yield of 4.69%. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.24. T. Rowe Price Group's payout ratio is currently 54.15%.

Wall Street Analyst Weigh In

TROW has been the subject of a number of research analyst reports. Barclays reduced their price target on shares of T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating for the company in a research note on Thursday, February 6th. Wells Fargo & Company reduced their price target on shares of T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Morgan Stanley lifted their price target on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the stock an "equal weight" rating in a research note on Friday, December 20th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. Finally, Evercore ISI raised their price objective on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $115.09.

T. Rowe Price Group Company 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.