T. Rowe Price Group, Inc. (NASDAQ:TROW) Position Boosted by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 435,324 shares of the asset manager's stock after acquiring an additional 57,405 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.20% of T. Rowe Price Group worth $49,231,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TROW. Addison Advisors LLC raised its stake in T. Rowe Price Group by 67.4% in the fourth quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock valued at $26,000 after purchasing an additional 93 shares in the last quarter. Curio Wealth LLC bought a new position in T. Rowe Price Group in the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd lifted its stake in T. Rowe Price Group by 124.0% during the fourth quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock worth $32,000 after purchasing an additional 155 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in T. Rowe Price Group in the fourth quarter valued at about $32,000. Finally, Advantage Trust Co grew its position in T. Rowe Price Group by 48.8% in the fourth quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after acquiring an additional 100 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company's stock.

Insider Activity

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 36,800 shares of the company's stock, valued at approximately $4,021,136. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.00% of the company's stock.

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T. Rowe Price Group Stock Performance

TROW traded up $0.30 during mid-day trading on Monday, reaching $91.87. 2,323,828 shares of the stock were exchanged, compared to its average volume of 1,363,462. T. Rowe Price Group, Inc. has a 1 year low of $89.71 and a 1 year high of $125.81. The company has a 50 day moving average price of $104.61 and a two-hundred day moving average price of $110.92. The stock has a market capitalization of $20.42 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 2.86 and a beta of 1.46.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released 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 20.83%. During the same quarter in the prior year, the firm posted $1.72 earnings per share. Sell-side analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $1.27 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $5.08 annualized dividend and a dividend yield of 5.53%. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. T. Rowe Price Group's payout ratio is currently 55.46%.

Wall Street Analyst Weigh In

TROW has been the topic of a number of research analyst reports. StockNews.com downgraded shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Sunday, February 2nd. Barclays lowered 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 report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Citigroup dropped their target price on T. Rowe Price Group from $120.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Morgan Stanley lowered their price objective on T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating for the company in a research note on Monday, February 24th. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $111.82.

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.