Windle Wealth LLC Has $6.80 Million Position in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Windle Wealth LLC lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW - Free Report) by 9.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,375 shares of the asset manager's stock after buying an additional 5,216 shares during the quarter. T. Rowe Price Group comprises approximately 3.7% of Windle Wealth LLC's investment portfolio, making the stock its 20th biggest holding. Windle Wealth LLC's holdings in T. Rowe Price Group were worth $6,795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Iron Horse Wealth Management LLC lifted its stake in T. Rowe Price Group by 90.9% in the third quarter. Iron Horse Wealth Management LLC now owns 231 shares of the asset manager's stock valued at $25,000 after buying an additional 110 shares during the period. Lynx Investment Advisory bought a new stake in T. Rowe Price Group in the second quarter valued at approximately $29,000. Hexagon Capital Partners LLC raised its holdings in T. Rowe Price Group by 54.7% in the third quarter. Hexagon Capital Partners LLC now owns 294 shares of the asset manager's stock worth $32,000 after purchasing an additional 104 shares during the period. Family Firm Inc. bought a new position in shares of T. Rowe Price Group during the second quarter worth $36,000. Finally, Versant Capital Management Inc grew its holdings in shares of T. Rowe Price Group by 660.5% in the 2nd quarter. Versant Capital Management Inc now owns 327 shares of the asset manager's stock valued at $38,000 after buying an additional 284 shares during the period. 73.39% of the stock is owned by institutional investors.

T. Rowe Price Group Price Performance

TROW stock traded down $0.71 during midday trading on Tuesday, hitting $117.95. The company's stock had a trading volume of 1,257,013 shares, compared to its average volume of 1,265,784. The company's fifty day moving average price is $111.07 and its 200 day moving average price is $112.25. T. Rowe Price Group, Inc. has a twelve month low of $96.46 and a twelve month high of $122.27. The stock has a market capitalization of $26.20 billion, a P/E ratio of 12.98, a PEG ratio of 1.68 and a beta of 1.41.

T. Rowe Price Group (NASDAQ:TROW - Get Free Report) last released its 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. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business earned $2.17 earnings per share. T. Rowe Price Group's quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts expect that T. Rowe Price Group, Inc. will post 9.33 EPS for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend is Friday, December 13th. T. Rowe Price Group's dividend payout ratio is currently 54.27%.

Insider Activity at T. Rowe Price Group

In related news, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $102.83, for a total value of $1,230,772.27. Following the completion of the sale, the vice president now directly owns 123,624 shares in the company, valued at approximately $12,712,255.92. This trade represents a 8.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jessica M. Hiebler sold 484 shares of T. Rowe Price Group stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $104.73, for a total value of $50,689.32. Following the transaction, the insider now owns 13,939 shares of the company's stock, valued at $1,459,831.47. The trade was a 3.36 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TROW. Evercore ISI raised their price objective on T. Rowe Price Group from $112.00 to $113.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $120.00 price objective (down previously from $121.00) on shares of T. Rowe Price Group in a report on Monday, July 29th. StockNews.com cut T. Rowe Price Group from a "buy" rating to a "hold" rating in a research note on Monday, July 29th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a "hold" rating in a research note on Monday, November 11th. Finally, TD Cowen lowered their price objective on shares of T. Rowe Price Group from $120.00 to $116.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $115.55.

T. Rowe Price Group 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.