BRYN MAWR TRUST Co grew its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 6.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,341 shares of the asset manager’s stock after acquiring an additional 211 shares during the quarter. BRYN MAWR TRUST Co’s holdings in T. Rowe Price Group were worth $248,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cleararc Capital Inc. boosted its holdings in T. Rowe Price Group by 0.5% in the first quarter. Cleararc Capital Inc. now owns 5,944 shares of the asset manager’s stock worth $405,000 after acquiring an additional 31 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in T. Rowe Price Group by 0.7% in the second quarter. Sheets Smith Wealth Management now owns 5,292 shares of the asset manager’s stock worth $393,000 after acquiring an additional 38 shares in the last quarter. Good Life Advisors LLC boosted its holdings in T. Rowe Price Group by 1.1% in the second quarter. Good Life Advisors LLC now owns 4,650 shares of the asset manager’s stock worth $359,000 after acquiring an additional 52 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in T. Rowe Price Group by 0.3% in the second quarter. GHP Investment Advisors Inc. now owns 19,549 shares of the asset manager’s stock worth $1,451,000 after acquiring an additional 53 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in T. Rowe Price Group by 0.8% in the second quarter. Private Trust Co. NA now owns 7,307 shares of the asset manager’s stock worth $542,000 after acquiring an additional 60 shares in the last quarter. 73.62% of the stock is currently owned by institutional investors and hedge funds.

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T. Rowe Price Group, Inc. (NASDAQ TROW) opened at 85.72 on Thursday. The stock’s 50 day moving average price is $83.46 and its 200-day moving average price is $75.43. T. Rowe Price Group, Inc. has a one year low of $62.97 and a one year high of $85.87. The company has a market capitalization of $20.60 billion, a P/E ratio of 14.72 and a beta of 1.24.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.76 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts forecast that T. Rowe Price Group, Inc. will post $5.65 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be paid a dividend of $0.57 per share. The ex-dividend date is Wednesday, September 13th. This represents a $2.28 annualized dividend and a yield of 2.66%. T. Rowe Price Group’s dividend payout ratio (DPR) is 39.18%.

In related news, insider Jessica M. Hiebler sold 1,000 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $84.29, for a total transaction of $84,290.00. Following the transaction, the insider now directly owns 8,461 shares in the company, valued at approximately $713,177.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Anne M. Whittemore sold 8,326 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the transaction, the director now owns 28,982 shares in the company, valued at $2,377,393.46. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,720 shares of company stock worth $1,630,701. 3.60% of the stock is owned by company insiders.

Several equities research analysts have commented on TROW shares. Barclays PLC started coverage on T. Rowe Price Group in a report on Friday, September 8th. They issued an “underweight” rating and a $79.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $96.00 target price on shares of T. Rowe Price Group in a report on Sunday, August 20th. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday, September 12th. Credit Suisse Group boosted their target price on T. Rowe Price Group from $70.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Finally, Citigroup Inc. boosted their target price on T. Rowe Price Group from $73.50 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. T. Rowe Price Group currently has an average rating of “Hold” and a consensus price target of $81.30.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. The Company provides an array of Company sponsored the United States mutual funds, other sponsored pooled investment vehicles, sub advisory services, separate account management, recordkeeping, and related services to individuals, advisors, institutions, financial intermediaries and retirement plan sponsors.

Institutional Ownership by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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