T. Rowe Price Group, Inc. (NASDAQ:TROW) CFO Kenneth V. Moreland sold 13,041 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $90.43, for a total value of $1,179,297.63. Following the completion of the transaction, the chief financial officer now directly owns 135,028 shares of the company’s stock, valued at $12,210,582.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

T. Rowe Price Group, Inc. (NASDAQ TROW) opened at 91.41 on Thursday. T. Rowe Price Group, Inc. has a 52 week low of $62.97 and a 52 week high of $91.59. The firm has a market capitalization of $21.97 billion, a P/E ratio of 15.70 and a beta of 1.25. The stock’s 50 day moving average price is $85.17 and its 200 day moving average price is $76.78.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. T. Rowe Price Group had a return on equity of 24.38% and a net margin of 32.64%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts expect that T. Rowe Price Group, Inc. will post $5.68 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.49%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 39.18%.

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Several institutional investors have recently bought and sold shares of TROW. BlackRock Inc. boosted its stake in shares of T. Rowe Price Group by 1,722.6% in the first quarter. BlackRock Inc. now owns 16,378,787 shares of the asset manager’s stock valued at $1,116,214,000 after buying an additional 15,480,155 shares in the last quarter. Capital World Investors boosted its stake in shares of T. Rowe Price Group by 235.0% in the second quarter. Capital World Investors now owns 10,512,236 shares of the asset manager’s stock valued at $780,113,000 after buying an additional 7,373,953 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of T. Rowe Price Group in the first quarter valued at approximately $118,342,000. The Manufacturers Life Insurance Company boosted its stake in shares of T. Rowe Price Group by 526.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,774,796 shares of the asset manager’s stock valued at $131,707,000 after buying an additional 1,491,425 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of T. Rowe Price Group by 66.4% in the second quarter. American Century Companies Inc. now owns 2,544,655 shares of the asset manager’s stock valued at $188,839,000 after buying an additional 1,015,518 shares in the last quarter. Hedge funds and other institutional investors own 73.62% of the company’s stock.

A number of research analysts have issued reports on the company. UBS AG reissued a “sell” rating and issued a $63.00 price target (up from $62.00) on shares of T. Rowe Price Group in a report on Friday, July 14th. BidaskClub downgraded T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, September 26th. Wells Fargo & Company reissued a “market perform” rating on shares of T. Rowe Price Group in a report on Thursday, July 27th. Finally, ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Four analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. T. Rowe Price Group presently has a consensus rating of “Hold” and a consensus price target of $83.45.

T. Rowe Price Group Company 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.

Insider Buying and Selling by Quarter for T. Rowe Price Group (NASDAQ:TROW)

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