T. Rowe Price Group, Inc. $TROW Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,649,203 shares of the asset manager’s stock after selling 21,335 shares during the quarter. Fisher Asset Management LLC’s holdings in T. Rowe Price Group were worth $169,274,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Woodline Partners LP raised its position in shares of T. Rowe Price Group by 41.0% during the 1st quarter. Woodline Partners LP now owns 18,809 shares of the asset manager’s stock valued at $1,728,000 after acquiring an additional 5,467 shares in the last quarter. Focus Partners Wealth increased its stake in T. Rowe Price Group by 10.6% during the first quarter. Focus Partners Wealth now owns 13,054 shares of the asset manager’s stock valued at $1,199,000 after purchasing an additional 1,250 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in shares of T. Rowe Price Group by 91.5% during the second quarter. Hantz Financial Services Inc. now owns 701 shares of the asset manager’s stock worth $68,000 after purchasing an additional 335 shares during the period. Atria Investments Inc lifted its position in shares of T. Rowe Price Group by 2.9% in the 2nd quarter. Atria Investments Inc now owns 7,269 shares of the asset manager’s stock worth $701,000 after buying an additional 207 shares during the last quarter. Finally, Strs Ohio boosted its holdings in shares of T. Rowe Price Group by 24.4% in the 2nd quarter. Strs Ohio now owns 23,819 shares of the asset manager’s stock valued at $2,299,000 after buying an additional 4,670 shares during the period. Institutional investors own 73.39% of the company’s stock.

Wall Street Analysts Forecast Growth

TROW has been the topic of several research reports. Bank of America increased their price objective on shares of T. Rowe Price Group from $85.00 to $86.00 in a research note on Wednesday, January 14th. The Goldman Sachs Group lowered their target price on T. Rowe Price Group from $95.00 to $90.00 and set a “sell” rating for the company in a report on Thursday, February 5th. BMO Capital Markets cut their price target on T. Rowe Price Group from $110.00 to $104.00 and set a “market perform” rating on the stock in a report on Thursday, February 12th. Morgan Stanley lowered their price objective on T. Rowe Price Group from $123.00 to $115.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 10th. Finally, Argus raised T. Rowe Price Group to a “hold” rating in a research report on Thursday, February 5th. Twelve equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $102.23.

Insider Transactions at T. Rowe Price Group

In other news, VP Arif Husain sold 4,260 shares of T. Rowe Price Group stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $101.96, for a total transaction of $434,349.60. Following the transaction, the vice president directly owned 47,102 shares in the company, valued at approximately $4,802,519.92. This trade represents a 8.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

T. Rowe Price Group Stock Up 0.3%

Shares of TROW opened at $94.92 on Tuesday. The firm has a market capitalization of $20.70 billion, a PE ratio of 10.26, a P/E/G ratio of 4.88 and a beta of 1.54. The firm has a 50-day moving average price of $101.31 and a 200 day moving average price of $103.17. T. Rowe Price Group, Inc. has a 52-week low of $77.85 and a 52-week high of $118.22.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Wednesday, February 4th. The asset manager reported $2.44 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.03). The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.92 billion. T. Rowe Price Group had a return on equity of 20.29% and a net margin of 28.53%.The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.12 earnings per share. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.5%. This is a positive change from T. Rowe Price Group’s previous quarterly dividend of $1.27. The ex-dividend date is Monday, March 16th. T. Rowe Price Group’s payout ratio is currently 54.92%.

T. Rowe Price Group Profile

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.