Aviance Capital Partners LLC cut its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,982 shares of the asset manager’s stock after selling 793 shares during the period. Aviance Capital Partners LLC’s holdings in T. Rowe Price Group were worth $1,539,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in TROW. Capital World Investors boosted its holdings in 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 purchasing an additional 7,373,953 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in 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 purchasing an additional 1,491,425 shares during the period. American Century Companies Inc. boosted its holdings in 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 purchasing an additional 1,015,518 shares during the period. Pioneer Investment Management Inc. boosted its holdings in T. Rowe Price Group by 308.7% in the second quarter. Pioneer Investment Management Inc. now owns 972,522 shares of the asset manager’s stock valued at $72,171,000 after purchasing an additional 734,591 shares during the period. Finally, Bahl & Gaynor Inc. boosted its holdings in T. Rowe Price Group by 65.5% in the second quarter. Bahl & Gaynor Inc. now owns 1,225,132 shares of the asset manager’s stock valued at $92,203,000 after purchasing an additional 484,994 shares during the period. Hedge funds and other institutional investors own 72.60% of the company’s stock.

T. Rowe Price Group, Inc. (NASDAQ TROW) traded down $0.01 during trading on Thursday, reaching $97.72. The company’s stock had a trading volume of 1,126,200 shares, compared to its average volume of 1,668,473. T. Rowe Price Group, Inc. has a one year low of $65.33 and a one year high of $98.01. The firm has a market capitalization of $23,680.96, a PE ratio of 19.09, a PEG ratio of 1.80 and a beta of 1.29.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results 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 business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. equities research analysts predict that T. Rowe Price Group, Inc. will post 5.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Wednesday, December 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 37.38%.

In other news, CFO Kenneth V. Moreland sold 14,419 shares of T. Rowe Price Group stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $97.07, for a total transaction of $1,399,652.33. Following the sale, the chief financial officer now owns 125,264 shares in the company, valued at $12,159,376.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kenneth V. Moreland sold 13,041 shares of T. Rowe Price Group stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $90.43, for a total value of $1,179,297.63. Following the sale, the chief financial officer now owns 135,028 shares in the company, valued at approximately $12,210,582.04. The disclosure for this sale can be found here. Insiders have sold 32,623 shares of company stock worth $3,040,574 in the last quarter. Insiders own 3.60% of the company’s stock.

A number of analysts have weighed in on the company. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Citigroup Inc. raised their price target on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. BidaskClub upgraded T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Wells Fargo & Company restated a “market perform” rating on shares of T. Rowe Price Group in a research note on Thursday, July 27th. Finally, Credit Suisse Group raised their price target on T. Rowe Price Group from $70.00 to $90.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $89.50.

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T. Rowe Price Group 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.

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

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