T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group lifted its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 221,579 shares of the asset manager's stock after purchasing an additional 73,307 shares during the quarter. Schroder Investment Management Group owned about 0.10% of T. Rowe Price Group worth $25,229,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of TROW. Townsquare Capital LLC raised its position in T. Rowe Price Group by 6.6% in the 3rd quarter. Townsquare Capital LLC now owns 4,839 shares of the asset manager's stock worth $527,000 after purchasing an additional 299 shares during the period. Martingale Asset Management L P purchased a new stake in shares of T. Rowe Price Group during the third quarter valued at $446,000. Paloma Partners Management Co purchased a new stake in T. Rowe Price Group in the 3rd quarter valued at about $473,000. Centiva Capital LP grew its stake in T. Rowe Price Group by 49.5% in the 3rd quarter. Centiva Capital LP now owns 6,444 shares of the asset manager's stock worth $702,000 after acquiring an additional 2,133 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of T. Rowe Price Group by 55.4% during the third quarter. HighTower Advisors LLC now owns 132,338 shares of the asset manager's stock worth $14,418,000 after acquiring an additional 47,180 shares during the period. Institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Stock Down 4.2 %

Shares of TROW stock traded down $3.62 on Friday, hitting $82.60. The company had a trading volume of 4,563,847 shares, compared to its average volume of 1,393,665. T. Rowe Price Group, Inc. has a twelve month low of $82.34 and a twelve month high of $125.81. The firm has a market cap of $18.36 billion, a P/E ratio of 9.02, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. The company has a 50-day moving average price of $102.18 and a 200-day moving average price of $110.31.

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T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its 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 previous year, the business earned $1.72 EPS. Equities research analysts expect that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were issued a $1.27 dividend. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.24. The ex-dividend date was Friday, March 14th. This represents a $5.08 dividend on an annualized basis and a yield of 6.15%. T. Rowe Price Group's dividend payout ratio is presently 55.46%.

Analysts Set New Price Targets

Several brokerages recently issued reports on TROW. Barclays reduced their price objective on T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a report on Thursday, February 6th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $113.00 price objective (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. The Goldman Sachs Group dropped their target price on shares of T. Rowe Price Group from $103.00 to $89.00 and set a "sell" rating on the stock in a report on Thursday. Citigroup lowered their price target on shares of T. Rowe Price Group from $120.00 to $100.00 and set a "neutral" rating for the company in a research report on Monday, March 31st. Finally, Bank of America reduced their price objective on shares of T. Rowe Price Group from $90.00 to $85.00 and set an "underperform" rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, T. Rowe Price Group presently has an average rating of "Hold" and an average price target of $108.50.

Insiders Place Their Bets

In other news, VP Arif Husain sold 4,112 shares of the business's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total transaction of $449,318.24. Following the completion of the sale, the vice president now owns 36,800 shares of the company's stock, valued at $4,021,136. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert F. Maclellan sold 3,955 shares of the firm's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $91.56, for a total transaction of $362,119.80. Following the completion of the transaction, the director now directly owns 42,979 shares in the company, valued at $3,935,157.24. This represents a 8.43 % 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 company insiders.

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.