Great Lakes Advisors LLC lowered its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 9.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,720 shares of the asset manager’s stock after selling 1,143 shares during the quarter. Great Lakes Advisors LLC’s holdings in T. Rowe Price Group were worth $1,170,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TROW. Townsend & Associates Inc acquired a new stake in shares of T. Rowe Price Group during the 3rd quarter worth approximately $135,000. Focused Wealth Management Inc acquired a new stake in shares of T. Rowe Price Group during the 2nd quarter worth approximately $139,000. Ancora Advisors LLC acquired a new stake in shares of T. Rowe Price Group during the 3rd quarter worth approximately $171,000. Daiwa SB Investments Ltd. acquired a new stake in shares of T. Rowe Price Group during the 3rd quarter worth approximately $202,000. Finally, Calton & Associates Inc. acquired a new stake in shares of T. Rowe Price Group during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 71.57% of the company’s stock.

TROW opened at $94.86 on Friday. T. Rowe Price Group Inc has a 12 month low of $91.48 and a 12 month high of $127.43. The company has a market capitalization of $22.93 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.09 and a beta of 1.21.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Thursday, October 25th. The asset manager reported $2.30 EPS for the quarter, beating the consensus estimate of $1.93 by $0.37. T. Rowe Price Group had a return on equity of 29.52% and a net margin of 33.98%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.38 billion. During the same period last year, the firm earned $1.56 EPS. Equities analysts anticipate that T. Rowe Price Group Inc will post 7.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.95%. The ex-dividend date is Thursday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 51.57%.

A number of analysts have recently weighed in on TROW shares. Zacks Investment Research cut T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $106.00 price target on the stock. in a research report on Saturday, November 17th. Deutsche Bank raised their target price on T. Rowe Price Group from $118.00 to $119.00 and gave the company a “hold” rating in a research report on Thursday, September 27th. Wells Fargo & Co lowered their target price on T. Rowe Price Group from $115.00 to $106.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. BidaskClub cut T. Rowe Price Group from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Finally, Barclays lowered their target price on T. Rowe Price Group from $114.00 to $95.00 and set an “underweight” rating on the stock in a research report on Friday, October 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.00.

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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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