FUKOKU MUTUAL LIFE INSURANCE Co held its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,800 shares of the asset manager’s stock at the close of the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in T. Rowe Price Group were worth $6,812,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Capital World Investors grew its stake in T. Rowe Price Group by 235.0% during the 2nd 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 in the last quarter. AHL Partners LLP increased its holdings in T. Rowe Price Group by 104.9% during the 2nd quarter. AHL Partners LLP now owns 81,013 shares of the asset manager’s stock worth $6,012,000 after purchasing an additional 41,469 shares during the last quarter. Zurich Insurance Group Ltd FI increased its holdings in T. Rowe Price Group by 80.7% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 60,245 shares of the asset manager’s stock worth $4,471,000 after purchasing an additional 26,906 shares during the last quarter. Sun Life Financial INC increased its holdings in T. Rowe Price Group by 19,500.0% during the 2nd quarter. Sun Life Financial INC now owns 1,764 shares of the asset manager’s stock worth $131,000 after purchasing an additional 1,755 shares during the last quarter. Finally, People s United Financial Inc. increased its holdings in T. Rowe Price Group by 87.1% during the 2nd quarter. People s United Financial Inc. now owns 4,584 shares of the asset manager’s stock worth $340,000 after purchasing an additional 2,134 shares during the last quarter. 73.62% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price Group, Inc. (NASDAQ:TROW) traded down 0.65% on Monday, hitting $90.06. 685,218 shares of the stock traded hands. The stock has a 50-day moving average of $83.46 and a 200-day moving average of $75.43. T. Rowe Price Group, Inc. has a 12-month low of $62.97 and a 12-month high of $91.19. The firm has a market cap of $21.65 billion, a price-to-earnings ratio of 15.46 and a beta of 1.25.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings data on Tuesday, July 25th. The asset manager reported $1.28 earnings per share for the quarter, topping 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 company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm earned $0.76 EPS. T. Rowe Price Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. Analysts forecast that T. Rowe Price Group, Inc. will post $5.65 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, September 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Wednesday, September 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.52%. T. Rowe Price Group’s payout ratio is 39.18%.

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A number of equities analysts have issued reports on the company. ValuEngine raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Wells Fargo & Company reissued a “market perform” rating on shares of T. Rowe Price Group in a research report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and issued a $96.00 price target on shares of T. Rowe Price Group in a research note on Sunday, August 20th. Finally, BidaskClub upgraded shares of T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 14th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. T. Rowe Price Group currently has an average rating of “Hold” and a consensus target price of $83.45.

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 1,000 shares of T. Rowe Price Group stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.29, for a total transaction of $84,290.00. Following the sale, the insider now owns 8,461 shares in the company, valued at $713,177.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Whittemore sold 8,326 shares of T. Rowe Price Group stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.03, for a total transaction of $682,981.78. Following the sale, the director now owns 28,982 shares in the company, valued at approximately $2,377,393.46. The disclosure for this sale can be found here. Insiders sold 19,720 shares of company stock valued at $1,630,701 over the last 90 days. 3.60% of the stock is currently owned by corporate insiders.

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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