Mosaic Family Wealth LLC boosted its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 7.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,107 shares of the asset manager’s stock after buying an additional 140 shares during the period. Mosaic Family Wealth LLC’s holdings in T. Rowe Price Group were worth $156,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. iAB Financial Bank boosted its position in T. Rowe Price Group by 15.6% in the second quarter. iAB Financial Bank now owns 4,935 shares of the asset manager’s stock valued at $366,000 after buying an additional 665 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in T. Rowe Price Group by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 338,376 shares of the asset manager’s stock valued at $25,111,000 after buying an additional 1,634 shares in the last quarter. BB&T Securities LLC boosted its position in T. Rowe Price Group by 55.4% in the second quarter. BB&T Securities LLC now owns 46,833 shares of the asset manager’s stock valued at $3,475,000 after buying an additional 16,703 shares in the last quarter. Nikko Asset Management Americas Inc. boosted its position in T. Rowe Price Group by 1,994.4% in the second quarter. Nikko Asset Management Americas Inc. now owns 37,700 shares of the asset manager’s stock valued at $2,798,000 after buying an additional 35,900 shares in the last quarter. Finally, Greenbrier Partners Capital Management LLC purchased a new position in T. Rowe Price Group during the second quarter valued at about $2,226,000. Hedge funds and other institutional investors own 72.10% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (TROW) opened at 83.61 on Wednesday. T. Rowe Price Group, Inc. has a 12 month low of $62.97 and a 12 month high of $85.42. The firm has a market capitalization of $20.10 billion, a PE ratio of 14.36 and a beta of 1.24. The stock has a 50 day moving average of $80.98 and a 200-day moving average of $73.49.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts anticipate that T. Rowe Price Group, Inc. will post $5.66 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, September 14th will be given a $0.57 dividend. The ex-dividend date is Wednesday, September 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.73%. T. Rowe Price Group’s dividend payout ratio (DPR) is 39.18%.

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Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research note on Monday. Jefferies Group LLC reiterated a “buy” rating and issued a $96.00 target price on shares of T. Rowe Price Group in a research note on Sunday. BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. ValuEngine upgraded shares of T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of T. Rowe Price Group in a research note on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.20.

In related news, Director Anne M. Whittemore sold 8,326 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total value of $682,981.78. Following the completion of the transaction, the director now owns 28,982 shares in the company, valued at approximately $2,377,393.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David Oestreicher sold 10,394 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $83.07, for a total value of $863,429.58. Following the completion of the transaction, the insider now owns 82,299 shares of the company’s stock, valued at approximately $6,836,577.93. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

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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