D.A. Davidson & CO. lessened its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,850 shares of the asset manager’s stock after selling 592 shares during the period. D.A. Davidson & CO.’s holdings in T. Rowe Price Group were worth $9,323,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Cannell Peter B & Co. Inc. acquired a new stake in shares of T. Rowe Price Group in the third quarter worth $208,000. Cornerstone Investment Partners LLC boosted its position in shares of T. Rowe Price Group by 24.9% in the third quarter. Cornerstone Investment Partners LLC now owns 12,399 shares of the asset manager’s stock worth $1,124,000 after buying an additional 2,469 shares during the period. Renaissance Group LLC boosted its position in shares of T. Rowe Price Group by 1.6% in the third quarter. Renaissance Group LLC now owns 397,891 shares of the asset manager’s stock worth $36,069,000 after buying an additional 6,333 shares during the period. Pacer Advisors Inc. boosted its position in shares of T. Rowe Price Group by 17.8% in the third quarter. Pacer Advisors Inc. now owns 6,194 shares of the asset manager’s stock worth $561,000 after buying an additional 935 shares during the period. Finally, Keystone Financial Planning Inc. boosted its position in shares of T. Rowe Price Group by 1.9% in the third quarter. Keystone Financial Planning Inc. now owns 55,057 shares of the asset manager’s stock worth $4,991,000 after buying an additional 1,021 shares during the period. 72.60% of the stock is owned by institutional investors and hedge funds.

In other news, Director Anne M. Whittemore sold 4,163 shares of T. Rowe Price Group stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $90.64, for a total value of $377,334.32. Following the transaction, the director now directly owns 29,070 shares in the company, valued at $2,634,904.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the chief financial officer now owns 135,028 shares in the company, valued at $12,210,582.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,204 shares of company stock worth $1,640,922. Corporate insiders own 3.60% of the company’s stock.

T. Rowe Price Group, Inc. (TROW) traded up $1.43 during midday trading on Wednesday, reaching $97.73. The company’s stock had a trading volume of 1,566,700 shares, compared to its average volume of 1,670,884. T. Rowe Price Group, Inc. has a one year low of $65.33 and a one year high of $97.84. The company has a market capitalization of $23,334.45, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.77 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 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period last year, the company earned $1.17 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year. equities analysts anticipate that T. Rowe Price Group, Inc. will post 5.29 earnings per share for the current year.

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

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TROW has been the subject of several recent research reports. Jefferies Group LLC reiterated a “buy” rating and set a $104.00 price objective (up from $96.00) on shares of T. Rowe Price Group in a report on Tuesday, October 10th. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Zacks Investment Research lowered T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Wells Fargo & Company reiterated a “market perform” rating on shares of T. Rowe Price Group in a report on Thursday, July 27th. Finally, Barclays PLC initiated coverage on T. Rowe Price Group in a report on Friday, September 8th. They set an “underweight” rating and a $79.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $89.50.

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.

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

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