Davis R M Inc. lowered its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 2.0% in the 4th quarter, Holdings Channel reports. The firm owned 222,822 shares of the asset manager’s stock after selling 4,574 shares during the period. Davis R M Inc.’s holdings in T. Rowe Price Group were worth $23,381,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of T. Rowe Price Group by 1.7% during the second quarter. Vanguard Group Inc. now owns 16,576,728 shares of the asset manager’s stock valued at $1,230,159,000 after acquiring an additional 282,162 shares in the last quarter. State Street Corp raised its holdings in shares of T. Rowe Price Group by 1.9% during the second quarter. State Street Corp now owns 14,511,636 shares of the asset manager’s stock valued at $1,076,913,000 after acquiring an additional 273,036 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of T. Rowe Price Group by 1.9% during the third quarter. JPMorgan Chase & Co. now owns 11,974,559 shares of the asset manager’s stock valued at $1,079,267,000 after acquiring an additional 218,211 shares in the last quarter. Capital World Investors raised its holdings in shares of T. Rowe Price Group by 235.0% during the second quarter. Capital World Investors now owns 10,512,236 shares of the asset manager’s stock valued at $780,113,000 after acquiring an additional 7,373,953 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of T. Rowe Price Group by 11.4% during the third quarter. Ameriprise Financial Inc. now owns 1,782,523 shares of the asset manager’s stock valued at $161,591,000 after acquiring an additional 182,317 shares in the last quarter. Hedge funds and other institutional investors own 72.33% of the company’s stock.

T. Rowe Price Group Inc (NASDAQ:TROW) traded up $2.29 on Tuesday, reaching $115.35. The company’s stock had a trading volume of 1,361,100 shares, compared to its average volume of 1,332,289. The company has a market capitalization of $27,750.00, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.60 and a beta of 1.32. T. Rowe Price Group Inc has a twelve month low of $65.33 and a twelve month high of $115.62.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Thursday, October 26th. The asset manager reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.20. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. sell-side analysts anticipate that T. Rowe Price Group Inc will post 5.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were paid a $0.57 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.98%. T. Rowe Price Group’s dividend payout ratio is currently 37.32%.

In other news, CFO Kenneth V. Moreland sold 8,066 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $104.12, for a total value of $839,831.92. Following the sale, the chief financial officer now directly owns 100,796 shares of the company’s stock, valued at $10,494,879.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Christopher D. Alderson sold 91,605 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $103.28, for a total value of $9,460,964.40. Following the completion of the sale, the vice president now directly owns 169,816 shares in the company, valued at $17,538,596.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 204,980 shares of company stock worth $20,776,729. Insiders own 3.60% of the company’s stock.

A number of equities analysts recently commented on the company. UBS Group upgraded T. Rowe Price Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $75.00 to $110.00 in a report on Tuesday, January 9th. Bank of America upgraded T. Rowe Price Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $113.00 to $125.00 in a report on Monday, January 8th. Zacks Investment Research downgraded T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 price objective for the company. in a report on Friday, January 5th. Barclays increased their price objective on T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a report on Friday, October 27th. Finally, Citigroup increased their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $98.70.

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T. Rowe Price Group Profile

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.

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

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