Delta Financial Advisors LLC trimmed its stake in T. Rowe Price Group Inc (NASDAQ:TROW) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,630 shares of the asset manager’s stock after selling 113 shares during the period. Delta Financial Advisors LLC’s holdings in T. Rowe Price Group were worth $1,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of T. Rowe Price Group by 3.6% in the 2nd quarter. BlackRock Inc. now owns 17,802,701 shares of the asset manager’s stock worth $1,953,135,000 after acquiring an additional 626,119 shares in the last quarter. Valeo Financial Advisors LLC raised its position in shares of T. Rowe Price Group by 14.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,820 shares of the asset manager’s stock worth $207,000 after acquiring an additional 232 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of T. Rowe Price Group by 11.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,783 shares of the asset manager’s stock worth $1,917,000 after acquiring an additional 1,759 shares in the last quarter. Signaturefd LLC raised its position in shares of T. Rowe Price Group by 13.2% in the 3rd quarter. Signaturefd LLC now owns 1,978 shares of the asset manager’s stock worth $226,000 after acquiring an additional 231 shares in the last quarter. Finally, Advisor Partners LLC raised its position in shares of T. Rowe Price Group by 2.9% in the 3rd quarter. Advisor Partners LLC now owns 5,511 shares of the asset manager’s stock worth $630,000 after acquiring an additional 155 shares in the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

In other news, VP W. Sharps Robert sold 12,400 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $123.70, for a total value of $1,533,880.00. Following the sale, the vice president now owns 446,726 shares in the company, valued at $55,260,006.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jessica M. Hiebler sold 800 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $123.38, for a total value of $98,704.00. Following the completion of the sale, the insider now owns 11,254 shares in the company, valued at approximately $1,388,518.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,700 shares of company stock worth $9,899,514. Company insiders own 3.10% of the company’s stock.

T. Rowe Price Group stock opened at $136.41 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.60 and a current ratio of 3.60. The business’s 50-day simple moving average is $130.72 and its two-hundred day simple moving average is $119.14. The company has a market cap of $31.88 billion, a PE ratio of 15.66, a PEG ratio of 1.60 and a beta of 1.01. T. Rowe Price Group Inc has a fifty-two week low of $95.07 and a fifty-two week high of $139.82.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Wednesday, January 29th. The asset manager reported $2.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.08. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. T. Rowe Price Group had a return on equity of 29.45% and a net margin of 37.69%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.54 EPS. As a group, analysts predict that T. Rowe Price Group Inc will post 8.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, March 13th. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $0.76. T. Rowe Price Group’s payout ratio is presently 37.67%.

Several research analysts recently issued reports on TROW shares. Citigroup upped their target price on T. Rowe Price Group from $130.00 to $135.00 and gave the company a “neutral” rating in a research report on Thursday, January 30th. Bank of America upped their target price on T. Rowe Price Group from $136.00 to $149.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Morgan Stanley upped their target price on T. Rowe Price Group from $135.00 to $142.00 and gave the company an “equal weight” rating in a research report on Thursday, January 30th. BidaskClub raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Friday, January 31st. Finally, BMO Capital Markets upped their target price on T. Rowe Price Group to in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $126.55.

About T. Rowe Price Group

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.

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

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