Teachers Retirement System of The State of Kentucky decreased its stake in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 6.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,750 shares of the asset manager’s stock after selling 1,750 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in T. Rowe Price Group were worth $1,911,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TROW. Bronfman E.L. Rothschild L.P. raised its stake in T. Rowe Price Group by 6.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,593 shares of the asset manager’s stock worth $118,000 after buying an additional 103 shares in the last quarter. FNY Partners Fund LP purchased a new stake in T. Rowe Price Group in the first quarter worth about $147,000. Mosaic Family Wealth LLC lifted its holdings in T. Rowe Price Group by 7.1% in the second quarter. Mosaic Family Wealth LLC now owns 2,107 shares of the asset manager’s stock worth $156,000 after buying an additional 140 shares during the period. Benjamin F. Edwards & Company Inc. boosted its position in T. Rowe Price Group by 103.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,119 shares of the asset manager’s stock valued at $157,000 after acquiring an additional 1,075 shares in the last quarter. Finally, TCI Wealth Advisors Inc. boosted its position in T. Rowe Price Group by 5.6% during the 2nd quarter. TCI Wealth Advisors Inc. now owns 2,535 shares of the asset manager’s stock valued at $188,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 73.62% of the company’s stock.

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In other news, Director Anne M. Whittemore sold 4,163 shares of the business’s 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 sale, the director now owns 29,070 shares in the company, valued at $2,634,904.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kenneth V. Moreland sold 13,041 shares of the business’s 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. Over the last quarter, insiders sold 36,924 shares of company stock valued at $3,187,333. 3.60% of the stock is currently owned by company insiders.

T. Rowe Price Group, Inc. (NASDAQ TROW) opened at 90.92 on Wednesday. The stock’s 50 day moving average is $84.95 and its 200 day moving average is $76.67. The stock has a market capitalization of $21.85 billion, a PE ratio of 15.61 and a beta of 1.25. T. Rowe Price Group, Inc. has a 12-month low of $62.97 and a 12-month high of $91.19.

T. Rowe Price Group (NASDAQ:TROW) last announced its earnings results 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 firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.76 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Equities analysts anticipate that T. Rowe Price Group, Inc. will post $5.65 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend was Wednesday, September 13th. T. Rowe Price Group’s dividend payout ratio (DPR) is presently 39.18%.

TROW has been the topic of a number of research analyst reports. ValuEngine upgraded T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. UBS AG reissued a “sell” rating and issued a $63.00 target price (up previously from $62.00) on shares of T. Rowe Price Group in a research report on Friday, July 14th. Jefferies Group LLC set a $83.00 target price on T. Rowe Price Group and gave the company a “buy” rating in a research note on Tuesday, June 20th. BidaskClub upgraded T. Rowe Price Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 14th. Finally, Morgan Stanley restated an “underweight” rating and set a $71.00 price target (up from $70.00) on shares of T. Rowe Price Group in a research report on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. T. Rowe Price Group has a consensus rating of “Hold” and a consensus price target of $83.45.

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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