T. Rowe Price Group, Inc. $TROW Shares Sold by Sienna Gestion

Sienna Gestion reduced its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 113,029 shares of the asset manager’s stock after selling 8,690 shares during the period. Sienna Gestion owned about 0.05% of T. Rowe Price Group worth $11,656,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TROW. Goldman Sachs Group Inc. grew its holdings in T. Rowe Price Group by 332.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 8,770,071 shares of the asset manager’s stock valued at $897,880,000 after buying an additional 6,740,172 shares during the period. First Trust Advisors LP increased its stake in shares of T. Rowe Price Group by 126.5% during the 4th quarter. First Trust Advisors LP now owns 3,280,854 shares of the asset manager’s stock valued at $335,894,000 after acquiring an additional 1,832,231 shares during the last quarter. Norges Bank purchased a new position in shares of T. Rowe Price Group during the 4th quarter worth about $128,283,000. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of T. Rowe Price Group in the fourth quarter worth approximately $61,073,000. Finally, Caisse de depot et placement du Quebec boosted its position in shares of T. Rowe Price Group by 81.0% in the third quarter. Caisse de depot et placement du Quebec now owns 1,306,922 shares of the asset manager’s stock worth $134,142,000 after acquiring an additional 584,949 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors and hedge funds.

T. Rowe Price Group Stock Performance

Shares of NASDAQ:TROW opened at $108.61 on Tuesday. The company has a market cap of $23.27 billion, a P/E ratio of 11.64, a PEG ratio of 5.61 and a beta of 1.50. T. Rowe Price Group, Inc. has a one year low of $85.22 and a one year high of $118.22. The business’s 50-day simple moving average is $101.19 and its 200 day simple moving average is $99.67.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings results on Thursday, April 30th. The asset manager reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.15. T. Rowe Price Group had a return on equity of 20.60% and a net margin of 28.28%.The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business earned $2.23 EPS. T. Rowe Price Group’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts predict that T. Rowe Price Group, Inc. will post 9.63 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $1.30 dividend. The ex-dividend date is Monday, June 15th. This represents a $5.20 annualized dividend and a dividend yield of 4.8%. T. Rowe Price Group’s dividend payout ratio is 55.73%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. The Goldman Sachs Group upped their price target on shares of T. Rowe Price Group from $85.00 to $90.00 in a research report on Friday, May 1st. Keefe, Bruyette & Woods lifted their price target on shares of T. Rowe Price Group from $95.00 to $107.00 and gave the company a “market perform” rating in a report on Friday, May 1st. Barclays boosted their price objective on shares of T. Rowe Price Group from $87.00 to $89.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. Jefferies Financial Group cut their target price on T. Rowe Price Group from $107.00 to $91.00 and set a “hold” rating on the stock in a research report on Wednesday, April 8th. Finally, Evercore lifted their target price on T. Rowe Price Group from $106.00 to $111.00 in a report on Monday, June 8th. Eleven equities research analysts have rated the stock with a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, T. Rowe Price Group presently has an average rating of “Reduce” and a consensus target price of $100.08.

Insider Buying and Selling at T. Rowe Price Group

In related news, VP Stephon A. Jackson sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $102.56, for a total transaction of $307,680.00. Following the completion of the sale, the vice president directly owned 83,883 shares of the company’s stock, valued at approximately $8,603,040.48. This trade represents a 3.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

About T. Rowe Price Group

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.