T. Rowe Price Group, Inc. (NASDAQ:TROW) Stock Position Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 357,556 shares of the asset manager's stock after buying an additional 20,062 shares during the period. Commonwealth Equity Services LLC owned about 0.16% of T. Rowe Price Group worth $40,436,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Addison Advisors LLC lifted its holdings in T. Rowe Price Group by 67.4% during the 4th 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 last quarter. Y.D. More Investments Ltd lifted its holdings in 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 buying an additional 155 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in T. Rowe Price Group during the 4th quarter worth approximately $32,000. Advantage Trust Co lifted 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 worth $34,000 after buying an additional 100 shares during the last quarter. Finally, True Wealth Design LLC bought a new position in T. Rowe Price Group during the 3rd quarter worth approximately $37,000. Institutional investors own 73.39% of the company's stock.

T. Rowe Price Group Price Performance

TROW opened at $93.04 on Friday. T. Rowe Price Group, Inc. has a 12 month low of $91.37 and a 12 month high of $125.81. The stock has a market cap of $20.71 billion, a P/E ratio of 10.16, a P/E/G ratio of 2.86 and a beta of 1.46. The stock's 50 day moving average price is $108.27 and its 200 day moving average price is $111.59.

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T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last issued its quarterly 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 last year, the firm earned $1.72 EPS. Equities analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 EPS for the current year.

T. Rowe Price Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a dividend of $1.27 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a dividend yield of 5.46%. T. Rowe Price Group's dividend payout ratio (DPR) is 55.46%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TROW shares. StockNews.com downgraded T. Rowe Price Group from a "buy" rating to a "hold" rating in a report on Sunday, February 2nd. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $113.00 price target (up previously from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. Barclays cut their price target 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. Finally, Morgan Stanley cut their price target on T. Rowe Price Group from $126.00 to $121.00 and set an "equal weight" rating on the stock in a report on Monday, February 24th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, T. Rowe Price Group currently has an average rating of "Hold" and a consensus price target of $114.09.

Insider Activity

In other news, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction 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 transaction, the vice president now directly owns 36,800 shares in the company, valued at approximately $4,021,136. This trade represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

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.

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