Dimensional Fund Advisors LP Has $191.51 Million Position in T. Rowe Price Group, Inc. $TROW

Dimensional Fund Advisors LP lifted its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 1.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,124,696 shares of the asset manager’s stock after purchasing an additional 37,642 shares during the period. Dimensional Fund Advisors LP’s holdings in T. Rowe Price Group were worth $191,512,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its position in shares of T. Rowe Price Group by 17.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 79,003 shares of the asset manager’s stock worth $8,088,000 after purchasing an additional 11,691 shares during the period. LBP AM SA lifted its stake in shares of T. Rowe Price Group by 23.9% in the fourth quarter. LBP AM SA now owns 156,879 shares of the asset manager’s stock valued at $16,061,000 after buying an additional 30,226 shares in the last quarter. SVB Wealth LLC grew its holdings in shares of T. Rowe Price Group by 77.5% during the fourth quarter. SVB Wealth LLC now owns 37,000 shares of the asset manager’s stock valued at $3,788,000 after buying an additional 16,155 shares during the last quarter. SG Americas Securities LLC increased its position in shares of T. Rowe Price Group by 923.1% during the fourth quarter. SG Americas Securities LLC now owns 150,873 shares of the asset manager’s stock worth $15,446,000 after acquiring an additional 136,127 shares in the last quarter. Finally, Generali Asset Management SPA SGR increased its position in shares of T. Rowe Price Group by 1,680.4% during the fourth quarter. Generali Asset Management SPA SGR now owns 17,715 shares of the asset manager’s stock worth $1,814,000 after acquiring an additional 16,720 shares in the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TROW shares. Morgan Stanley lifted their price target on T. Rowe Price Group from $105.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th. Evercore set a $121.00 price target on T. Rowe Price Group in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their price target on T. Rowe Price Group from $106.00 to $103.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. The Goldman Sachs Group raised their price objective on T. Rowe Price Group from $90.00 to $92.00 and gave the company a “sell” rating in a research note on Tuesday, June 30th. Finally, Keefe, Bruyette & Woods upped their target price on shares of T. Rowe Price Group from $107.00 to $120.00 and gave the stock a “market perform” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $104.50.

T. Rowe Price Group Trading Up 1.3%

NASDAQ:TROW opened at $116.50 on Friday. T. Rowe Price Group, Inc. has a 12 month low of $85.22 and a 12 month high of $121.17. The firm’s 50 day moving average is $110.18 and its 200 day moving average is $101.77. The stock has a market capitalization of $24.96 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 4.12 and a beta of 1.47.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Thursday, April 30th. The asset manager reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.15. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.85 billion. T. Rowe Price Group had a return on equity of 20.60% and a net margin of 28.28%.The business’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period last year, the business posted $2.23 earnings per share. Research analysts predict that T. Rowe Price Group, Inc. will post 10.12 earnings per share for the current year.

T. Rowe Price Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Investors of record on Monday, June 15th were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, June 15th. T. Rowe Price Group’s payout ratio is currently 55.73%.

Insider Buying and Selling

In other T. Rowe Price Group news, VP Stephon A. Jackson sold 3,000 shares of the stock in a transaction dated 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 transaction, the vice president owned 83,883 shares in the company, valued at $8,603,040.48. This trade represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

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.