T. Rowe Price Group (NASDAQ:TROW) Sets New 52-Week Low - Should You Sell?

T. Rowe Price Group, Inc. (NASDAQ:TROW - Get Free Report) shares hit a new 52-week low on Tuesday . The company traded as low as $100.03 and last traded at $99.20, with a volume of 298781 shares. The stock had previously closed at $103.88.

Analysts Set New Price Targets

TROW has been the topic of a number of analyst reports. StockNews.com cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Sunday, February 2nd. Barclays decreased their price objective on 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. Keefe, Bruyette & Woods restated a "market perform" rating and set a $113.00 price objective (up from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Wells Fargo & Company decreased their price objective on T. Rowe Price Group from $118.00 to $116.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Finally, Morgan Stanley decreased 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 research report on Monday, February 24th. Four research analysts have rated the stock with a sell rating and eight have assigned 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.

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T. Rowe Price Group Trading Up 1.8 %

The company has a fifty day moving average of $110.17 and a two-hundred day moving average of $112.12. The stock has a market capitalization of $22.41 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 2.86 and a beta of 1.46.

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 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 business earned $1.72 earnings per share. As a group, sell-side analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $1.27 dividend. This is an increase from T. Rowe Price Group's previous quarterly dividend of $1.24. This represents a $5.08 annualized dividend and a yield of 5.05%. The ex-dividend date is Friday, March 14th. T. Rowe Price Group's payout ratio is currently 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 stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the transaction, the vice president now directly owns 119,577 shares of the company's stock, valued at $14,749,822.95. The trade was a 3.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Arif Husain sold 4,112 shares of T. Rowe Price Group stock in a transaction that occurred on Tuesday, February 11th. The stock was 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 directly owns 36,800 shares in the company, valued at approximately $4,021,136. This represents a 10.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Aegis Wealth Management LLC acquired a new position in shares of T. Rowe Price Group in the fourth quarter valued at $240,000. Smith Shellnut Wilson LLC ADV acquired a new position in shares of T. Rowe Price Group in the fourth quarter valued at $235,000. Siemens Fonds Invest GmbH raised its stake in shares of T. Rowe Price Group by 1,019.1% in the fourth quarter. Siemens Fonds Invest GmbH now owns 51,378 shares of the asset manager's stock valued at $5,810,000 after purchasing an additional 46,787 shares in the last quarter. Park Square Financial Group LLC acquired a new position in shares of T. Rowe Price Group in the fourth quarter valued at $61,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of T. Rowe Price Group in the fourth quarter valued at $21,113,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

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.