Seizert Capital Partners LLC Has $18.35 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Seizert Capital Partners LLC grew its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 168,421 shares of the asset manager's stock after acquiring an additional 9,827 shares during the quarter. Seizert Capital Partners LLC owned about 0.08% of T. Rowe Price Group worth $18,346,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Iron Horse Wealth Management LLC raised its position in shares of T. Rowe Price Group by 90.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager's stock worth $25,000 after buying an additional 110 shares during the period. Lynx Investment Advisory acquired a new stake in T. Rowe Price Group in the 2nd quarter valued at $29,000. Hexagon Capital Partners LLC raised its position in T. Rowe Price Group by 54.7% in the third quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager's stock valued at $32,000 after purchasing an additional 104 shares during the period. Family Firm Inc. acquired a new position in shares of T. Rowe Price Group during the second quarter worth about $36,000. Finally, Versant Capital Management Inc grew its position in T. Rowe Price Group by 660.5% in the second quarter. Versant Capital Management Inc now owns 327 shares of the asset manager's stock valued at $38,000 after acquiring an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

Insider Activity

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 shares were sold at an average price of $104.73, for a total transaction of $50,689.32. Following the transaction, the insider now directly owns 13,939 shares of the company's stock, valued at $1,459,831.47. This represents a 3.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the 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 transaction, the vice president now directly owns 123,624 shares in the company, valued at approximately $12,712,255.92. This represents a 8.83 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Stock Performance

Shares of TROW stock traded down $1.03 during midday trading on Friday, reaching $118.77. 1,319,129 shares of the company were exchanged, compared to its average volume of 1,410,650. The company's 50 day moving average price is $110.77 and its two-hundred day moving average price is $112.18. The company has a market cap of $26.39 billion, a P/E ratio of 12.99, a PEG ratio of 1.68 and a beta of 1.41. T. Rowe Price Group, Inc. has a 12 month low of $96.46 and a 12 month high of $122.27.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the firm posted $2.17 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts predict that T. Rowe Price Group, Inc. will post 9.33 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The business also recently disclosed 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 4.18%. T. Rowe Price Group's dividend payout ratio (DPR) is presently 54.27%.

Wall Street Analyst Weigh In

TROW has been the subject of a number of recent analyst reports. Barclays raised their price target on shares of T. Rowe Price Group from $101.00 to $110.00 and gave the company an "underweight" rating in a report on Monday, November 4th. StockNews.com cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Evercore ISI raised their price objective on T. Rowe Price Group from $112.00 to $113.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Morgan Stanley upped their target price on T. Rowe Price Group from $127.00 to $129.00 and gave the company an "equal weight" rating in a research report on Monday, November 4th. Finally, TD Cowen decreased their price target on shares of T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, T. Rowe Price Group currently has an average rating of "Hold" and a consensus price target of $115.55.

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.