Caisse DE Depot ET Placement DU Quebec raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,684 shares of the asset manager’s stock after buying an additional 600 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in T. Rowe Price Group were worth $1,883,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TROW. Bronfman E.L. Rothschild L.P. raised its stake in shares of 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 worth $118,000 after purchasing an additional 103 shares during the last quarter. Signature Estate & Investment Advisors LLC purchased a new position in shares of T. Rowe Price Group in the third quarter worth about $118,000. Grove Bank & Trust raised its stake in shares of T. Rowe Price Group by 178.7% in the third quarter. Grove Bank & Trust now owns 1,310 shares of the asset manager’s stock worth $119,000 after purchasing an additional 840 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of 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 worth $121,000 after purchasing an additional 89 shares during the last quarter. Finally, Sun Life Financial INC grew its holdings in T. Rowe Price Group by 19,500.0% during the second quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock worth $131,000 after acquiring an additional 1,755 shares during the period. Institutional investors own 72.21% of the company’s stock.

In related news, VP Christopher D. Alderson sold 6,808 shares of T. Rowe Price Group stock in a transaction that occurred 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 transaction, the vice president now owns 119,846 shares in the company, valued at $12,323,764.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William J. Stromberg sold 30,000 shares of T. Rowe Price Group stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $97.09, for a total value of $2,912,700.00. Following the transaction, the chief executive officer now owns 534,077 shares in the company, valued at approximately $51,853,535.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,513 shares of company stock worth $8,562,005. 3.60% of the stock is currently owned by company insiders.

Several analysts recently commented on TROW shares. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday, September 12th. Jefferies Group reaffirmed a “buy” rating and set a $96.00 target price on shares of T. Rowe Price Group in a report on Sunday, August 20th. Goldman Sachs Group raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $85.00 to $100.00 in a report on Thursday, September 28th. Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and raised their price objective for the company from $77.00 to $93.00 in a report on Thursday, October 5th. Finally, Citigroup raised their price objective on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $89.67.

Shares of T. Rowe Price Group, Inc. (NASDAQ TROW) opened at $102.64 on Wednesday. T. Rowe Price Group, Inc. has a 12 month low of $65.33 and a 12 month high of $104.40. The stock has a market capitalization of $24,880.00, a P/E ratio of 20.07, a PEG ratio of 1.89 and a beta of 1.31.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 2.22%. T. Rowe Price Group’s payout ratio is 37.32%.

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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.

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

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