T. Rowe Price Group, Inc. $TROW Shares Bought by Sigma Planning Corp

Sigma Planning Corp raised its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 15.7% during the 2nd quarter, Holdings Channel reports. The firm owned 18,866 shares of the asset manager’s stock after buying an additional 2,562 shares during the quarter. Sigma Planning Corp’s holdings in T. Rowe Price Group were worth $1,821,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in T. Rowe Price Group in the first quarter valued at approximately $27,000. Hexagon Capital Partners LLC grew its holdings in T. Rowe Price Group by 44.8% in the first quarter. Hexagon Capital Partners LLC now owns 365 shares of the asset manager’s stock valued at $34,000 after purchasing an additional 113 shares during the period. Curio Wealth LLC raised its position in shares of T. Rowe Price Group by 20,700.0% during the 2nd quarter. Curio Wealth LLC now owns 416 shares of the asset manager’s stock worth $40,000 after purchasing an additional 414 shares during the last quarter. Cromwell Holdings LLC raised its position in shares of T. Rowe Price Group by 3,483.3% during the 2nd quarter. Cromwell Holdings LLC now owns 430 shares of the asset manager’s stock worth $41,000 after purchasing an additional 418 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new position in shares of T. Rowe Price Group during the 1st quarter worth about $43,000. 73.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at T. Rowe Price Group

In other news, Director Robert F. Maclellan sold 3,090 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $105.01, for a total value of $324,480.90. Following the completion of the sale, the director owned 47,335 shares of the company’s stock, valued at $4,970,648.35. This represents a 6.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Stock Performance

Shares of T. Rowe Price Group stock opened at $101.27 on Wednesday. T. Rowe Price Group, Inc. has a one year low of $77.85 and a one year high of $125.81. The company has a market cap of $22.25 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 5.61 and a beta of 1.50. The business’s 50 day moving average price is $104.81 and its 200 day moving average price is $100.53.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Friday, October 31st. The asset manager reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.26. T. Rowe Price Group had a return on equity of 19.77% and a net margin of 28.72%.The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $2.57 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that T. Rowe Price Group, Inc. will post 9.29 EPS for the current fiscal year.

T. Rowe Price Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a dividend of $1.27 per share. The ex-dividend date is Monday, December 15th. This represents a $5.08 dividend on an annualized basis and a yield of 5.0%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 55.34%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TROW shares. JPMorgan Chase & Co. upped their price target on shares of T. Rowe Price Group from $109.00 to $111.00 and gave the stock an “underweight” rating in a research report on Monday. The Goldman Sachs Group lifted their price target on T. Rowe Price Group from $93.00 to $98.00 in a research note on Monday. Jefferies Financial Group lifted their price target on T. Rowe Price Group from $104.00 to $106.00 and gave the stock a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T. Rowe Price Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lifted their price target on T. Rowe Price Group from $115.00 to $117.00 and gave the stock a “market perform” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $109.31.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.