T. Rowe Price Group, Inc. (NASDAQ:TROW) Position Increased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB grew its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 191.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,404 shares of the asset manager's stock after acquiring an additional 7,486 shares during the period. Wilmington Savings Fund Society FSB's holdings in T. Rowe Price Group were worth $1,242,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Forsta AP Fonden lifted its position in T. Rowe Price Group by 32.3% in the 2nd quarter. Forsta AP Fonden now owns 70,100 shares of the asset manager's stock valued at $8,083,000 after acquiring an additional 17,100 shares in the last quarter. Janus Henderson Group PLC grew its stake in T. Rowe Price Group by 3.8% in the 3rd quarter. Janus Henderson Group PLC now owns 29,989 shares of the asset manager's stock valued at $3,267,000 after buying an additional 1,100 shares in the last quarter. Savant Capital LLC grew its stake in T. Rowe Price Group by 36.6% in the 2nd quarter. Savant Capital LLC now owns 32,887 shares of the asset manager's stock valued at $3,792,000 after buying an additional 8,816 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in T. Rowe Price Group in the 2nd quarter valued at approximately $15,907,000. Finally, Aigen Investment Management LP bought a new position in T. Rowe Price Group in the 3rd quarter valued at $516,000. 73.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on TROW shares. TD Cowen lowered their price target on shares of T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an "underweight" rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Wells Fargo & Company upped their price objective on shares of T. Rowe Price Group from $112.00 to $124.00 and gave the stock an "equal weight" rating in a report on Thursday. Finally, The Goldman Sachs Group dropped their target price on shares of T. Rowe Price Group from $106.00 to $102.00 and set a "sell" rating on the stock in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $117.09.

Insiders Place Their Bets

In other news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total value of $499,197.45. Following the sale, the vice president now owns 119,577 shares in the company, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Stock Performance

TROW traded down $0.18 during trading on Friday, hitting $119.54. The stock had a trading volume of 1,397,765 shares, compared to its average volume of 1,233,140. The firm has a market capitalization of $26.56 billion, a P/E ratio of 13.08, a PEG ratio of 1.73 and a beta of 1.42. The company's 50-day moving average price is $116.67 and its 200 day moving average price is $113.24. T. Rowe Price Group, Inc. has a twelve month low of $100.49 and a twelve month high of $125.81.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.21. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $2.17 EPS. As a group, equities analysts expect that T. Rowe Price Group, Inc. will post 9.39 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a $1.24 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $4.96 dividend on an annualized basis and a yield of 4.15%. T. Rowe Price Group's dividend payout ratio is currently 54.27%.

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.