Dubuque Bank & Trust Co. decreased its position in T. Rowe Price Group Inc (NASDAQ:TROW) by 9.2% in the 4th quarter, HoldingsChannel reports. The fund owned 34,060 shares of the asset manager’s stock after selling 3,438 shares during the period. Dubuque Bank & Trust Co.’s holdings in T. Rowe Price Group were worth $4,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TROW. Russell Investments Group Ltd. lifted its position in T. Rowe Price Group by 32.1% in the third quarter. Russell Investments Group Ltd. now owns 228,023 shares of the asset manager’s stock worth $25,960,000 after purchasing an additional 55,447 shares during the period. Pictet Asset Management Ltd. lifted its stake in T. Rowe Price Group by 5.2% during the third quarter. Pictet Asset Management Ltd. now owns 128,488 shares of the asset manager’s stock worth $14,680,000 after purchasing an additional 6,300 shares during the period. Man Group plc lifted its stake in T. Rowe Price Group by 88.2% during the third quarter. Man Group plc now owns 54,422 shares of the asset manager’s stock worth $6,218,000 after purchasing an additional 25,505 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in T. Rowe Price Group by 9.8% during the third quarter. Parametric Portfolio Associates LLC now owns 792,446 shares of the asset manager’s stock valued at $90,537,000 after purchasing an additional 70,851 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in T. Rowe Price Group by 10.4% during the third quarter. Daiwa Securities Group Inc. now owns 10,390 shares of the asset manager’s stock valued at $1,187,000 after purchasing an additional 981 shares in the last quarter. 70.36% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the company. Wells Fargo & Co raised T. Rowe Price Group from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $114.00 to $145.00 in a report on Thursday, January 2nd. BMO Capital Markets assumed coverage on T. Rowe Price Group in a research note on Monday, October 7th. They issued a “market perform” rating and a $101.00 price target on the stock. Deutsche Bank boosted their price target on T. Rowe Price Group from $130.00 to $132.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Citigroup upped their price target on T. Rowe Price Group from $112.00 to $130.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Morgan Stanley increased their price objective on T. Rowe Price Group from $122.00 to $131.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. T. Rowe Price Group presently has an average rating of “Hold” and an average price target of $118.83.

Shares of NASDAQ TROW traded down $1.30 during mid-day trading on Tuesday, hitting $129.73. 960,980 shares of the stock were exchanged, compared to its average volume of 1,021,754. T. Rowe Price Group Inc has a twelve month low of $86.61 and a twelve month high of $131.25. The stock’s fifty day simple moving average is $123.79 and its two-hundred day simple moving average is $115.37. 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 company has a market cap of $29.78 billion, a P/E ratio of 18.14, a PEG ratio of 1.69 and a beta of 1.05.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, October 24th. The asset manager reported $2.13 EPS for the quarter, topping the consensus estimate of $1.98 by $0.15. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. T. Rowe Price Group had a return on equity of 28.84% and a net margin of 35.28%. T. Rowe Price Group’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.99 EPS. As a group, equities research analysts predict that T. Rowe Price Group Inc will post 7.98 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were given a $0.76 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.04 annualized dividend and a yield of 2.34%. T. Rowe Price Group’s payout ratio is 42.52%.

In other news, insider Jessica M. Hiebler sold 800 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $123.38, for a total transaction of $98,704.00. Following the sale, the insider now owns 11,254 shares in the company, valued at $1,388,518.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christopher D. Alderson sold 3,502 shares of the stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $122.54, for a total value of $429,135.08. Following the sale, the vice president now owns 400,505 shares in the company, valued at approximately $49,077,882.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,702 shares of company stock valued at $2,061,719. Corporate insiders own 3.10% of the company’s stock.

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.

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

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