FDx Advisors Inc. lessened its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,535 shares of the asset manager’s stock after selling 4,947 shares during the period. FDx Advisors Inc.’s holdings in T. Rowe Price Group were worth $3,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. boosted its stake in T. Rowe Price Group by 6.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock valued at $118,000 after acquiring an additional 103 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in T. Rowe Price Group by 5.4% in the second quarter. Quadrant Capital Group LLC now owns 1,749 shares of the asset manager’s stock valued at $121,000 after acquiring an additional 89 shares in the last quarter. Sun Life Financial INC boosted its stake in T. Rowe Price Group by 19,500.0% in the second quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock valued at $131,000 after acquiring an additional 1,755 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in T. Rowe Price Group in the second quarter valued at $152,000. Finally, Mosaic Family Wealth LLC boosted its stake in T. Rowe Price Group by 7.1% in the second quarter. Mosaic Family Wealth LLC now owns 2,107 shares of the asset manager’s stock valued at $156,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 72.83% of the company’s stock.

Several research firms have issued reports on TROW. UBS AG upped their price objective on shares of T. Rowe Price Group from $69.00 to $72.00 and gave the company a “sell” rating in a research note on Friday, October 27th. Citigroup Inc. upped their price objective on shares of T. Rowe Price Group from $73.50 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Morgan Stanley upgraded shares of T. Rowe Price Group from an “underweight” rating to an “equal” rating and upped their price objective for the company from $77.00 to $93.00 in a research note on Thursday, October 5th. BidaskClub downgraded shares of T. Rowe Price Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of T. Rowe Price Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $85.00 to $100.00 in a research note on Thursday, September 28th. Three analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $89.50.

In related news, insider Jessica M. Hiebler sold 1,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $84.29, for a total transaction of $84,290.00. Following the completion of the transaction, the insider now directly owns 8,461 shares of the company’s stock, valued at $713,177.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kenneth V. Moreland sold 13,041 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.43, for a total transaction of $1,179,297.63. Following the transaction, the chief financial officer now directly owns 135,028 shares of the company’s stock, valued at $12,210,582.04. The disclosure for this sale can be found here. Insiders have sold 18,204 shares of company stock valued at $1,640,922 over the last three months. 3.60% of the stock is currently owned by corporate insiders.

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Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) traded up $0.85 on Friday, hitting $93.57. 1,119,100 shares of the stock traded hands, compared to its average volume of 1,689,769. The firm has a market capitalization of $22,466.98, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29. T. Rowe Price Group, Inc. has a twelve month low of $65.33 and a twelve month high of $97.35.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $2.28 annualized dividend and a yield of 2.44%. T. Rowe Price Group’s dividend payout ratio is currently 37.38%.

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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