Darwin Wealth Management LLC Sells 137 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Darwin Wealth Management LLC lowered its position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,676 shares of the asset manager’s stock after selling 137 shares during the period. Darwin Wealth Management LLC’s holdings in T. Rowe Price Group were worth $288,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Clear Harbor Asset Management LLC grew its position in shares of T. Rowe Price Group by 3.2% in the 4th quarter. Clear Harbor Asset Management LLC now owns 3,240 shares of the asset manager’s stock valued at $349,000 after buying an additional 100 shares during the last quarter. Caprock Group LLC grew its position in shares of T. Rowe Price Group by 4.7% in the 4th quarter. Caprock Group LLC now owns 2,251 shares of the asset manager’s stock valued at $242,000 after buying an additional 101 shares during the last quarter. Roundview Capital LLC grew its position in shares of T. Rowe Price Group by 0.5% in the 3rd quarter. Roundview Capital LLC now owns 22,279 shares of the asset manager’s stock valued at $2,336,000 after buying an additional 105 shares during the last quarter. Creative Financial Designs Inc. ADV grew its position in shares of T. Rowe Price Group by 83.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager’s stock valued at $25,000 after buying an additional 106 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its position in shares of T. Rowe Price Group by 2.6% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 4,451 shares of the asset manager’s stock valued at $467,000 after buying an additional 114 shares during the last quarter. Institutional investors own 73.39% of the company’s stock.

T. Rowe Price Group Stock Performance

Shares of T. Rowe Price Group stock traded down $0.19 on Thursday, hitting $111.30. The company had a trading volume of 1,729,639 shares, compared to its average volume of 1,450,859. The stock has a market capitalization of $24.85 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.93 and a beta of 1.40. T. Rowe Price Group, Inc. has a 1 year low of $87.43 and a 1 year high of $132.76. The stock has a 50 day moving average of $115.22 and a 200-day moving average of $107.71.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, April 26th. The asset manager reported $2.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.34. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.71 billion. T. Rowe Price Group had a return on equity of 19.70% and a net margin of 29.09%. T. Rowe Price Group’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.69 earnings per share. Equities analysts anticipate that T. Rowe Price Group, Inc. will post 8.75 earnings per share for the current year.

T. Rowe Price Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be issued a $1.24 dividend. This represents a $4.96 annualized dividend and a dividend yield of 4.46%. The ex-dividend date of this dividend is Friday, June 14th. T. Rowe Price Group’s dividend payout ratio is presently 58.91%.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, Director Freeman A. Hrabowski III sold 8,740 shares of the stock in a transaction on Friday, March 8th. The stock was sold at an average price of $118.32, for a total transaction of $1,034,116.80. Following the completion of the transaction, the director now directly owns 21,073 shares of the company’s stock, valued at $2,493,357.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Robert F. Maclellan sold 3,043 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $113.08, for a total transaction of $344,102.44. Following the sale, the director now directly owns 34,635 shares in the company, valued at approximately $3,916,525.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Freeman A. Hrabowski III sold 8,740 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $118.32, for a total value of $1,034,116.80. Following the completion of the transaction, the director now owns 21,073 shares of the company’s stock, valued at approximately $2,493,357.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,921 shares of company stock valued at $1,500,133. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

TROW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on T. Rowe Price Group from $94.00 to $103.00 and gave the company an “underweight” rating in a research note on Tuesday, April 16th. Morgan Stanley boosted their price objective on T. Rowe Price Group from $114.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Citigroup boosted their price objective on T. Rowe Price Group from $110.00 to $125.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Wells Fargo & Company boosted their price objective on T. Rowe Price Group from $105.00 to $108.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. Finally, Keefe, Bruyette & Woods raised T. Rowe Price Group from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $106.00 to $120.00 in a research note on Thursday, April 11th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $112.10.

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.