New York State Common Retirement Fund increased its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 688,700 shares of the asset manager’s stock after acquiring an additional 2,800 shares during the quarter. New York State Common Retirement Fund owned about 0.28% of T. Rowe Price Group worth $62,431,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TROW. Capital World Investors increased its holdings in T. Rowe Price Group by 235.0% in the 2nd quarter. Capital World Investors now owns 10,512,236 shares of the asset manager’s stock worth $780,113,000 after acquiring an additional 7,373,953 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in T. Rowe Price Group by 526.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,774,796 shares of the asset manager’s stock valued at $131,707,000 after buying an additional 1,491,425 shares in the last quarter. American Century Companies Inc. grew its holdings in T. Rowe Price Group by 66.4% during the 2nd quarter. American Century Companies Inc. now owns 2,544,655 shares of the asset manager’s stock valued at $188,839,000 after buying an additional 1,015,518 shares in the last quarter. Pioneer Investment Management Inc. grew its holdings in T. Rowe Price Group by 308.7% during the 2nd quarter. Pioneer Investment Management Inc. now owns 972,522 shares of the asset manager’s stock valued at $72,171,000 after buying an additional 734,591 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in T. Rowe Price Group by 65.5% during the 2nd quarter. Bahl & Gaynor Inc. now owns 1,225,132 shares of the asset manager’s stock valued at $92,203,000 after buying an additional 484,994 shares in the last quarter. 72.21% of the stock is owned by institutional investors.

TROW has been the subject of a number of recent analyst reports. Zacks Investment Research raised T. Rowe Price Group from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, September 12th. Jefferies Group reaffirmed a “buy” rating and set a $96.00 target price on shares of T. Rowe Price Group in a report on Sunday, August 20th. Goldman Sachs Group raised T. Rowe Price Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $85.00 to $100.00 in a report on Thursday, September 28th. Morgan Stanley raised T. Rowe Price Group from an “underweight” rating to an “equal” rating and lifted their target price for the company from $77.00 to $93.00 in a report on Thursday, October 5th. Finally, Citigroup lifted their target price on T. Rowe Price Group from $94.00 to $95.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. T. Rowe Price Group presently has a consensus rating of “Hold” and a consensus target price of $89.50.

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 transaction of $377,334.32. Following the completion of the sale, the director now owns 29,070 shares in the company, valued at approximately $2,634,904.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William J. Stromberg sold 30,000 shares of T. Rowe Price Group stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $97.09, for a total value of $2,912,700.00. Following the sale, the chief executive officer now owns 534,077 shares of the company’s stock, valued at approximately $51,853,535.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,705 shares of company stock valued at $7,861,938. Corporate insiders own 3.60% of the company’s stock.

Shares of T. Rowe Price Group, Inc. (TROW) opened at $102.82 on Tuesday. The stock has a market capitalization of $24,907.04, a PE ratio of 20.08, a PEG ratio of 1.89 and a beta of 1.32. T. Rowe Price Group, Inc. has a 12-month low of $65.33 and a 12-month high of $103.85.

T. Rowe Price Group (NASDAQ:TROW) last issued its quarterly earnings results on Thursday, October 26th. The asset manager reported $1.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.20. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. T. Rowe Price Group had a return on equity of 24.76% and a net margin of 33.10%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted $1.17 EPS. equities analysts expect that T. Rowe Price Group, Inc. will post 5.29 earnings per share for the current year.

The firm also recently declared 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. The ex-dividend date is Wednesday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.22%. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 37.38%.

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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.

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

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