Legal & General Group Plc Has $234.74 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Legal & General Group Plc cut its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,075,717 shares of the asset manager's stock after selling 73,189 shares during the quarter. Legal & General Group Plc owned approximately 0.93% of T. Rowe Price Group worth $234,743,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in shares of T. Rowe Price Group by 3.8% during the third quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager's stock valued at $3,267,000 after purchasing an additional 1,100 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in T. Rowe Price Group during the third quarter valued at about $439,000. EP Wealth Advisors LLC boosted its stake in T. Rowe Price Group by 146.6% in the 3rd quarter. EP Wealth Advisors LLC now owns 8,969 shares of the asset manager's stock worth $977,000 after purchasing an additional 5,332 shares during the period. National Bank of Canada FI grew its holdings in shares of T. Rowe Price Group by 14.0% during the third quarter. National Bank of Canada FI now owns 185,453 shares of the asset manager's stock valued at $20,201,000 after buying an additional 22,705 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in T. Rowe Price Group by 15.5% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,325 shares of the asset manager's stock worth $1,669,000 after acquiring an additional 2,053 shares in the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at T. Rowe Price Group

In related news, VP Arif Husain sold 4,112 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $109.27, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert F. Maclellan sold 3,955 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $91.56, for a total value of $362,119.80. Following the completion of the sale, the director now owns 42,979 shares in the company, valued at $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. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TROW shares. Barclays reduced 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 research report on Thursday, February 6th. Evercore ISI decreased their target price on shares of T. Rowe Price Group from $104.00 to $80.00 and set an "in-line" rating for the company in a research note on Friday. Morgan Stanley cut 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 report on Monday, February 24th. Keefe, Bruyette & Woods restated 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 note on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their target price on T. Rowe Price Group from $103.00 to $89.00 and set a "sell" rating on the stock in a research report on Thursday, April 3rd. Four investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $101.36.

T. Rowe Price Group Trading Up 0.9 %

NASDAQ:TROW traded up $0.78 during mid-day trading on Monday, hitting $89.52. 622,950 shares of the company's stock traded hands, compared to its average volume of 1,434,723. The firm has a market capitalization of $19.90 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 2.86 and a beta of 1.50. The firm has a 50 day moving average of $97.98 and a two-hundred day moving average of $109.16. T. Rowe Price Group, Inc. has a 12 month low of $77.85 and a 12 month high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted 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 quarter in the prior year, the company posted $1.72 EPS. As a group, equities research analysts expect that T. Rowe Price Group, Inc. will post 9.29 earnings per share 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. Shareholders of record on Friday, March 14th were paid a dividend of $1.27 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $5.08 dividend on an annualized basis and a yield of 5.67%. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.24. T. Rowe Price Group's payout ratio is currently 55.46%.

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.