Seizert Capital Partners LLC Decreases Stake in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Seizert Capital Partners LLC decreased its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 128,884 shares of the asset manager's stock after selling 39,537 shares during the quarter. Seizert Capital Partners LLC owned about 0.06% of T. Rowe Price Group worth $14,575,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Addison Advisors LLC boosted its stake in T. Rowe Price Group by 67.4% during the fourth quarter. Addison Advisors LLC now owns 231 shares of the asset manager's stock worth $26,000 after buying an additional 93 shares during the period. Y.D. More Investments Ltd boosted its stake in shares of T. Rowe Price Group by 124.0% during the 4th quarter. Y.D. More Investments Ltd now owns 280 shares of the asset manager's stock worth $32,000 after purchasing an additional 155 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of T. Rowe Price Group during the 4th quarter worth about $32,000. Advantage Trust Co grew its holdings in T. Rowe Price Group by 48.8% during the 4th quarter. Advantage Trust Co now owns 305 shares of the asset manager's stock valued at $34,000 after purchasing an additional 100 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in T. Rowe Price Group in the 3rd quarter worth about $37,000. Institutional investors own 73.39% of the company's stock.

Wall Street Analysts Forecast Growth

TROW has been the topic of a number of analyst reports. Morgan Stanley cut their target price on T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating on the stock in a research note on Monday, February 24th. Wells Fargo & Company reduced their target price on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. StockNews.com downgraded shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Sunday, February 2nd. Barclays decreased 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 note on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on T. Rowe Price Group from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Monday, November 11th. 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, T. Rowe Price Group currently has an average rating of "Hold" and a consensus target price of $114.09.

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T. Rowe Price Group Trading Up 1.8 %

Shares of NASDAQ:TROW traded up $1.77 on Friday, reaching $100.66. The company had a trading volume of 2,533,964 shares, compared to its average volume of 1,608,410. The firm has a market capitalization of $22.41 billion, a PE ratio of 10.99, a PEG ratio of 2.86 and a beta of 1.46. T. Rowe Price Group, Inc. has a 52-week low of $97.26 and a 52-week high of $125.81. The firm's 50 day simple moving average is $110.17 and its 200-day simple moving average is $112.09.

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 (EPS) 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 period in the previous year, the business posted $1.72 earnings per share. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Friday, March 14th. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. T. Rowe Price Group's payout ratio is 55.46%.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now directly owns 119,577 shares in the company, valued at approximately $14,749,822.95. The trade was a 3.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Arif Husain sold 4,112 shares of the company's stock in a transaction on 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 directly owns 36,800 shares in the company, valued at $4,021,136. This trade represents a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

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.