ING Groep NV boosted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 127.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,325 shares of the asset manager’s stock after acquiring an additional 4,664 shares during the period. ING Groep NV’s holdings in T. Rowe Price Group were worth $755,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in 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 worth $1,230,159,000 after buying an additional 282,162 shares during the last quarter. BlackRock Inc. boosted its holdings in T. Rowe Price Group by 0.4% during the second quarter. BlackRock Inc. now owns 16,440,056 shares of the asset manager’s stock worth $1,220,017,000 after buying an additional 61,269 shares during the last quarter. State Street Corp boosted its holdings in 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 worth $1,076,913,000 after buying an additional 273,036 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in T. Rowe Price Group by 1.3% during the second quarter. JPMorgan Chase & Co. now owns 11,756,348 shares of the asset manager’s stock worth $872,439,000 after buying an additional 156,326 shares during the last quarter. Finally, Capital World Investors raised its position 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 worth $780,113,000 after purchasing an additional 7,373,953 shares during the period. Hedge funds and other institutional investors own 72.60% of the company’s stock.

TROW has been the topic of a number of research analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $104.00 price target (up previously from $96.00) on shares of T. Rowe Price Group in a research report on Tuesday, October 10th. Citigroup Inc. raised their price target on T. Rowe Price Group from $94.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS AG raised their price target on T. Rowe Price Group from $69.00 to $72.00 and gave the stock a “sell” rating in a research report on Friday, October 27th. Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and raised their price target for the stock from $77.00 to $93.00 in a research report on Thursday, October 5th. Finally, Zacks Investment Research lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $89.50.

In related news, insider Jessica M. Hiebler sold 1,000 shares of T. Rowe Price Group stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $84.29, for a total value of $84,290.00. Following the sale, the insider now owns 8,461 shares of the company’s stock, valued at approximately $713,177.69. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kenneth V. Moreland sold 14,419 shares of T. Rowe Price Group stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $97.07, for a total value of $1,399,652.33. Following the completion of the sale, the chief financial officer now directly owns 125,264 shares in the company, valued at approximately $12,159,376.48. The disclosure for this sale can be found here. In the last three months, insiders sold 32,623 shares of company stock worth $3,040,574. 3.60% of the stock is owned by insiders.

Shares of T. Rowe Price Group, Inc. (TROW) opened at $97.88 on Monday. T. Rowe Price Group, Inc. has a 1 year low of $65.33 and a 1 year high of $98.31. The stock has a market capitalization of $23,717.30, a P/E ratio of 19.12, a P/E/G ratio of 1.80 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same quarter last year, the firm earned $1.17 EPS. T. Rowe Price Group’s revenue for the quarter was up 11.8% compared to the same quarter last year. equities research analysts anticipate that T. Rowe Price Group, Inc. will post 5.29 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio is presently 37.38%.

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About T. Rowe Price Group

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.

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

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