KAMES CAPITAL plc increased its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 941,104 shares of the asset manager’s stock after acquiring an additional 112,147 shares during the quarter. T. Rowe Price Group accounts for about 2.5% of KAMES CAPITAL plc’s holdings, making the stock its 6th largest position. KAMES CAPITAL plc’s holdings in T. Rowe Price Group were worth $98,750,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Security National Bank of SO Dak grew its position in T. Rowe Price Group by 0.7% during the second quarter. Security National Bank of SO Dak now owns 11,910 shares of the asset manager’s stock valued at $884,000 after purchasing an additional 85 shares in the last quarter. Quadrant Capital Group LLC grew its position in T. Rowe Price Group by 5.4% during the second quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock valued at $121,000 after purchasing an additional 89 shares in the last quarter. Hall Capital Management Co. Inc. grew its position in T. Rowe Price Group by 1.2% during the second quarter. Hall Capital Management Co. Inc. now owns 10,942 shares of the asset manager’s stock valued at $812,000 after purchasing an additional 130 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in T. Rowe Price Group by 5.6% during the second quarter. TCI Wealth Advisors Inc. now owns 2,535 shares of the asset manager’s stock valued at $188,000 after purchasing an additional 135 shares in the last quarter. Finally, Thrivent Financial For Lutherans grew its position in T. Rowe Price Group by 2.2% in the second quarter. Thrivent Financial For Lutherans now owns 9,118 shares of the asset manager’s stock worth $677,000 after acquiring an additional 200 shares in the last quarter. 72.38% of the stock is currently owned by hedge funds and other institutional investors.

T. Rowe Price Group Inc (TROW) traded up $1.89 during mid-day trading on Friday, reaching $114.95. 478,026 shares of the company’s stock traded hands, compared to its average volume of 1,328,688. The company has a market capitalization of $27,400.00, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.32. T. Rowe Price Group Inc has a 12 month low of $65.33 and a 12 month high of $113.07.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings data on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.20. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. T. Rowe Price Group had a net margin of 33.10% and a return on equity of 24.76%. T. Rowe Price Group’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.17 EPS. equities research analysts forecast that T. Rowe Price Group Inc will post 5.29 earnings per share for the current year.

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

Several research firms have commented on TROW. UBS Group raised shares of T. Rowe Price Group from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $110.00 in a research report on Tuesday. Bank of America raised shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $113.00 to $125.00 in a research report on Monday. Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating and set a $115.00 target price for the company. in a research report on Friday, January 5th. Barclays boosted their target price on shares of T. Rowe Price Group from $79.00 to $84.00 and gave the stock an “underweight” rating in a research report on Friday, October 27th. Finally, Citigroup boosted their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $98.70.

In related news, VP Christopher D. Alderson sold 91,605 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $103.28, for a total transaction of $9,460,964.40. Following the completion of the sale, the vice president now directly owns 169,816 shares of the company’s stock, valued at approximately $17,538,596.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher D. Alderson sold 6,808 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $102.83, for a total transaction of $700,066.64. Following the sale, the vice president now directly owns 119,846 shares of the company’s stock, valued at $12,323,764.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 204,980 shares of company stock valued at $20,776,729. 3.60% of the stock is owned by insiders.

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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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