Robeco Institutional Asset Management B.V. raised its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 14.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,793 shares of the asset manager's stock after purchasing an additional 5,980 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in T. Rowe Price Group were worth $5,206,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in TROW. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of T. Rowe Price Group by 52.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 65,534 shares of the asset manager's stock valued at $7,990,000 after purchasing an additional 22,533 shares in the last quarter. Forsta AP Fonden boosted its holdings in shares of T. Rowe Price Group by 32.3% during the 2nd quarter. Forsta AP Fonden now owns 70,100 shares of the asset manager's stock valued at $8,083,000 after acquiring an additional 17,100 shares during the last quarter. Mizuho Markets Americas LLC grew its position in T. Rowe Price Group by 90.0% in the 1st quarter. Mizuho Markets Americas LLC now owns 90,688 shares of the asset manager's stock worth $11,057,000 after purchasing an additional 42,949 shares during the period. Savant Capital LLC raised its stake in T. Rowe Price Group by 36.6% during the 2nd quarter. Savant Capital LLC now owns 32,887 shares of the asset manager's stock valued at $3,792,000 after buying an additional 8,816 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of T. Rowe Price Group by 4.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 171,259 shares of the asset manager's stock valued at $20,890,000 after buying an additional 6,780 shares during the period. 73.39% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other T. Rowe Price Group 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 sale, the insider now owns 13,939 shares of the company's stock, valued at approximately $1,459,831.47. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jessica M. Hiebler sold 484 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TROW. Wells Fargo & Company boosted their target price 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. Deutsche Bank Aktiengesellschaft upped their price target on T. Rowe Price Group from $113.00 to $115.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Evercore ISI boosted their target price on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a research report on Thursday. Morgan Stanley boosted their target price on shares of T. Rowe Price Group from $127.00 to $129.00 and gave the stock an "equal weight" rating in a report on Monday, November 4th. Finally, The Goldman Sachs Group reduced their target price on shares of T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating on the stock in a research note on Thursday, October 3rd. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $115.09.
View Our Latest Report on T. Rowe Price Group
T. Rowe Price Group Stock Performance
NASDAQ TROW traded down $2.44 on Friday, reaching $117.62. 1,383,414 shares of the stock traded hands, compared to its average volume of 1,263,906. T. Rowe Price Group, Inc. has a 12 month low of $90.02 and a 12 month high of $122.27. The company has a fifty day moving average price of $109.33 and a 200-day moving average price of $111.92. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 1.76 and a beta of 1.41.
T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.17 earnings per share. As a group, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.32 earnings per share for the current fiscal year.
T. Rowe Price Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Friday, December 13th. T. Rowe Price Group's payout ratio is 54.27%.
About T. Rowe Price Group
(
Free Report)
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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