Malaga Cove Capital LLC lifted its position in shares of T. Rowe Price Group Inc (NASDAQ:TROW) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,660 shares of the asset manager’s stock after acquiring an additional 215 shares during the quarter. Malaga Cove Capital LLC’s holdings in T. Rowe Price Group were worth $767,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. purchased a new stake in T. Rowe Price Group during the first quarter worth about $2,009,000. Strategic Wealth Management Group LLC boosted its holdings in T. Rowe Price Group by 27.5% during the first quarter. Strategic Wealth Management Group LLC now owns 14,284 shares of the asset manager’s stock worth $1,430,000 after buying an additional 3,085 shares in the last quarter. Curbstone Financial Management Corp boosted its holdings in T. Rowe Price Group by 1.3% during the first quarter. Curbstone Financial Management Corp now owns 7,590 shares of the asset manager’s stock worth $760,000 after buying an additional 100 shares in the last quarter. Centric Wealth Management boosted its holdings in T. Rowe Price Group by 10.7% during the first quarter. Centric Wealth Management now owns 7,793 shares of the asset manager’s stock worth $780,000 after buying an additional 753 shares in the last quarter. Finally, UNIVEST FINANCIAL Corp boosted its holdings in T. Rowe Price Group by 3.7% during the first quarter. UNIVEST FINANCIAL Corp now owns 43,811 shares of the asset manager’s stock worth $4,386,000 after buying an additional 1,573 shares in the last quarter. Institutional investors and hedge funds own 72.65% of the company’s stock.

In related news, VP Christopher D. Alderson sold 104,465 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $96.94, for a total transaction of $10,126,837.10. Following the completion of the transaction, the vice president now owns 401,164 shares of the company’s stock, valued at $38,888,838.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Edward C. Bernard sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $97.15, for a total transaction of $971,500.00. Following the transaction, the insider now directly owns 651,532 shares of the company’s stock, valued at approximately $63,296,333.80. The disclosure for this sale can be found here. Insiders have sold 117,082 shares of company stock worth $11,361,948 in the last three months. Insiders own 3.10% of the company’s stock.

Shares of NASDAQ TROW traded up $0.43 on Thursday, hitting $104.48. The company’s stock had a trading volume of 51,923 shares, compared to its average volume of 1,187,265. T. Rowe Price Group Inc has a 12-month low of $84.59 and a 12-month high of $127.43. The company has a market capitalization of $24.57 billion, a PE ratio of 14.61, a price-to-earnings-growth ratio of 1.87 and a beta of 1.04.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Wednesday, January 30th. The asset manager reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.25). The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.33 billion. T. Rowe Price Group had a net margin of 33.95% and a return on equity of 29.16%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. As a group, equities research analysts expect that T. Rowe Price Group Inc will post 6.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.76 per share. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, March 14th. This represents a $3.04 annualized dividend and a dividend yield of 2.91%. T. Rowe Price Group’s dividend payout ratio is presently 42.52%.

A number of analysts recently commented on TROW shares. Goldman Sachs Group downgraded shares of T. Rowe Price Group from a “buy” rating to a “neutral” rating and set a $93.00 price objective on the stock. in a report on Friday, January 4th. Morgan Stanley set a $101.00 price objective on shares of T. Rowe Price Group and gave the stock a “hold” rating in a report on Friday, February 8th. Citigroup decreased their price objective on shares of T. Rowe Price Group from $105.00 to $101.00 and set a “neutral” rating on the stock in a report on Wednesday, December 19th. BidaskClub raised shares of T. Rowe Price Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 16th. Finally, Zacks Investment Research downgraded shares of T. Rowe Price Group from a “hold” rating to a “sell” rating in a report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $105.33.

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T. Rowe Price Group Company Profile

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.

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

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