T. Rowe Price Group, Inc. (NASDAQ:TROW) Stock Holdings Lowered by Tredje AP fonden

Tredje AP fonden lessened its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 50.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,568 shares of the asset manager's stock after selling 17,567 shares during the quarter. Tredje AP fonden's holdings in T. Rowe Price Group were worth $1,987,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. increased its holdings in shares of T. Rowe Price Group by 15.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 5,083 shares of the asset manager's stock valued at $575,000 after purchasing an additional 669 shares in the last quarter. Hopwood Financial Services Inc. acquired a new stake in T. Rowe Price Group in the 4th quarter valued at about $412,000. EverSource Wealth Advisors LLC grew its stake in T. Rowe Price Group by 284.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,547 shares of the asset manager's stock valued at $175,000 after acquiring an additional 1,145 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in T. Rowe Price Group by 53.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,518 shares of the asset manager's stock valued at $624,000 after acquiring an additional 1,929 shares during the last quarter. Finally, HighTower Advisors LLC grew its stake in T. Rowe Price Group by 13.8% in the 4th quarter. HighTower Advisors LLC now owns 150,550 shares of the asset manager's stock valued at $17,026,000 after acquiring an additional 18,212 shares during the last quarter. Hedge funds and other institutional investors own 73.39% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently commented on TROW. Wells Fargo & Company lowered their price objective on shares of 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. Morgan Stanley lowered their price objective on shares of 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. Barclays decreased their price target on shares of T. Rowe Price Group from $113.00 to $105.00 and set an "underweight" rating on the stock in a research note on Thursday, February 6th. StockNews.com cut shares of T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Sunday, February 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $113.00 price target (up from $111.00) on shares of T. Rowe Price Group in a research note on Thursday, February 6th. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $114.09.

T. Rowe Price Group Stock Up 0.5 %

Shares of TROW traded up $0.45 during mid-day trading on Wednesday, hitting $94.05. The company had a trading volume of 1,696,680 shares, compared to its average volume of 1,275,267. The business's 50-day simple moving average is $107.48 and its 200-day simple moving average is $111.48. The stock has a market cap of $20.94 billion, a PE ratio of 10.27, a P/E/G ratio of 2.86 and a beta of 1.46. T. Rowe Price Group, Inc. has a 1-year low of $91.37 and a 1-year high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released 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 net margin of 29.61% and a return on equity of 20.83%. During the same quarter in the prior year, the business posted $1.72 EPS. On average, sell-side 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $1.27 per share. This is a positive change from T. Rowe Price Group's previous quarterly dividend of $1.24. The ex-dividend date of this dividend is Friday, March 14th. This represents a $5.08 annualized dividend and a yield of 5.40%. T. Rowe Price Group's payout ratio is presently 55.46%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, VP Arif Husain sold 4,112 shares of the business'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 owns 36,800 shares in the company, valued at $4,021,136. The trade was a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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.