Vanguard Personalized Indexing Management LLC Acquires 8,278 Shares of T. Rowe Price Group, Inc. $TROW

Vanguard Personalized Indexing Management LLC lifted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 16.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,648 shares of the asset manager’s stock after acquiring an additional 8,278 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in T. Rowe Price Group were worth $6,020,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TROW. TFG Advisers LLC lifted its stake in shares of T. Rowe Price Group by 3.6% in the 2nd quarter. TFG Advisers LLC now owns 2,779 shares of the asset manager’s stock valued at $268,000 after purchasing an additional 97 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in T. Rowe Price Group by 66.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 250 shares of the asset manager’s stock valued at $25,000 after buying an additional 100 shares during the period. PFG Investments LLC lifted its position in T. Rowe Price Group by 4.8% in the third quarter. PFG Investments LLC now owns 2,249 shares of the asset manager’s stock worth $231,000 after buying an additional 102 shares during the last quarter. Bill Few Associates Inc. boosted its stake in T. Rowe Price Group by 4.3% during the second quarter. Bill Few Associates Inc. now owns 2,577 shares of the asset manager’s stock worth $249,000 after buying an additional 107 shares during the period. Finally, Dakota Wealth Management boosted its stake in T. Rowe Price Group by 4.7% during the second quarter. Dakota Wealth Management now owns 2,537 shares of the asset manager’s stock worth $245,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 73.39% of the company’s stock.

Insider Buying and Selling at T. Rowe Price Group

In related news, VP Arif Husain sold 4,260 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $101.96, for a total value of $434,349.60. Following the completion of the sale, the vice president directly owned 47,102 shares of the company’s stock, valued at $4,802,519.92. This represents a 8.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by insiders.

T. Rowe Price Group Trading Down 0.5%

Shares of NASDAQ TROW traded down $0.50 during trading hours on Wednesday, reaching $104.81. The stock had a trading volume of 95,735 shares, compared to its average volume of 1,601,931. T. Rowe Price Group, Inc. has a 52-week low of $77.85 and a 52-week high of $118.32. The firm has a market cap of $22.87 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 2.57 and a beta of 1.52. The business’s fifty day moving average price is $104.26 and its two-hundred day moving average price is $104.62.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Friday, October 31st. The asset manager reported $2.81 EPS for the quarter, topping the consensus estimate of $2.55 by $0.26. T. Rowe Price Group had a return on equity of 19.95% and a net margin of 28.89%.The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period last year, the business posted $2.57 EPS. T. Rowe Price Group’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts anticipate that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TROW has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of T. Rowe Price Group from $117.00 to $115.00 and set a “market perform” rating for the company in a report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of T. Rowe Price Group in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of T. Rowe Price Group from $113.00 to $106.00 and set a “hold” rating for the company in a research note on Wednesday, December 17th. JPMorgan Chase & Co. cut their target price on T. Rowe Price Group from $111.00 to $108.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 20th. Finally, TD Cowen reduced their price target on T. Rowe Price Group from $112.00 to $109.00 and set a “hold” rating on the stock in a report on Wednesday, January 14th. Eleven analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $107.31.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a global investment management firm headquartered in Baltimore, Maryland, founded by Thomas Rowe Price Jr. in 1937. The company provides a broad range of investment products and services for individual investors, financial intermediaries, retirement plan sponsors and institutional clients. Its offerings are built around active investment management and in-house research across equity, fixed income and multi-asset strategies, reflecting a long history as a research-driven asset manager.

The firm’s product lineup includes mutual funds, separate accounts, collective investment trusts, target-date and target-risk funds, and managed account solutions, as well as services for defined contribution and defined benefit retirement plans.