T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Bought by Guggenheim Capital LLC

Guggenheim Capital LLC raised its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,480 shares of the asset manager's stock after acquiring an additional 8,474 shares during the quarter. Guggenheim Capital LLC owned approximately 0.05% of T. Rowe Price Group worth $12,947,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TROW. Glenview Trust co grew its position in T. Rowe Price Group by 2.2% during the fourth quarter. Glenview Trust co now owns 4,318 shares of the asset manager's stock valued at $488,000 after buying an additional 92 shares during the period. MCF Advisors LLC grew its position in shares of T. Rowe Price Group by 1.5% during the 4th quarter. MCF Advisors LLC now owns 6,226 shares of the asset manager's stock valued at $704,000 after acquiring an additional 93 shares during the period. Addison Advisors LLC grew its position in shares of T. Rowe Price Group by 67.4% during the 4th quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock valued at $26,000 after acquiring an additional 93 shares during the period. Brooklyn Investment Group increased its stake in shares of T. Rowe Price Group by 24.6% in the 4th quarter. Brooklyn Investment Group now owns 497 shares of the asset manager's stock valued at $56,000 after purchasing an additional 98 shares in the last quarter. Finally, Advantage Trust Co raised its holdings in T. Rowe Price Group by 48.8% in the 4th quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock worth $34,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 73.39% of the company's stock.

Insider Buying and Selling

In other news, VP Arif Husain sold 4,112 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the completion of the transaction, the vice president now owns 36,800 shares in the company, valued at $4,021,136. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert F. Maclellan sold 3,955 shares of the 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 of the company's stock, valued at approximately $3,935,157.24. This trade 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.

Wall Street Analyst Weigh In

TROW has been the topic of several research analyst reports. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $113.00 target price (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Wells Fargo & Company reduced their target price on shares of T. Rowe Price Group from $116.00 to $98.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Barclays decreased their target price on shares of T. Rowe Price Group from $105.00 to $85.00 and set an "underweight" rating on the stock in a research note on Wednesday. Evercore ISI reduced their price objective on T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating on the stock in a research report on Friday, April 11th. Finally, Citigroup reduced their price target on T. Rowe Price Group from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $96.00.

T. Rowe Price Group Price Performance

Shares of TROW traded up $0.74 during midday trading on Friday, reaching $86.11. The stock had a trading volume of 4,903,880 shares, compared to its average volume of 1,453,090. The company has a market cap of $19.14 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.86 and a beta of 1.50. The company's fifty day simple moving average is $95.65 and its two-hundred day simple moving average is $108.41. T. Rowe Price Group, Inc. has a 1-year low of $77.85 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. During the same period last year, the firm earned $1.72 EPS. On average, sell-side analysts forecast that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $1.27 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 dividend on an annualized basis and a dividend yield of 5.90%. T. Rowe Price Group's dividend payout ratio is 55.46%.

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.