2,106 Shares in T. Rowe Price Group, Inc. (NASDAQ:TROW) Purchased by Olympiad Research LP

Olympiad Research LP purchased a new position in T. Rowe Price Group, Inc. (NASDAQ:TROW) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,106 shares of the asset manager’s stock, valued at approximately $238,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sigma Planning Corp boosted its holdings in shares of T. Rowe Price Group by 4.2% in the 4th quarter. Sigma Planning Corp now owns 14,251 shares of the asset manager’s stock worth $1,612,000 after buying an additional 575 shares during the last quarter. Advantage Trust Co boosted its holdings in shares of T. Rowe Price Group by 48.8% in the 4th quarter. Advantage Trust Co now owns 305 shares of the asset manager’s stock worth $34,000 after buying an additional 100 shares during the last quarter. PYA Waltman Capital LLC boosted its holdings in shares of T. Rowe Price Group by 2.2% in the 4th quarter. PYA Waltman Capital LLC now owns 17,053 shares of the asset manager’s stock worth $1,929,000 after buying an additional 371 shares during the last quarter. Nicholson Wealth Management Group LLC boosted its holdings in shares of T. Rowe Price Group by 122.9% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 12,988 shares of the asset manager’s stock worth $1,469,000 after buying an additional 7,162 shares during the last quarter. Finally, Mattern Capital Management LLC boosted its holdings in shares of T. Rowe Price Group by 2.5% in the 4th quarter. Mattern Capital Management LLC now owns 74,212 shares of the asset manager’s stock worth $8,393,000 after buying an additional 1,837 shares during the last quarter. 73.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Arif Husain sold 4,112 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the transaction, the vice president now directly owns 36,800 shares in the company, valued at approximately $4,021,136. This represents a 10.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the transaction, the vice president now owns 119,577 shares in the company, valued at $14,749,822.95. The trade was a 3.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

T. Rowe Price Group Trading Down 2.0 %

Shares of T. Rowe Price Group stock opened at $106.27 on Monday. T. Rowe Price Group, Inc. has a 12-month low of $100.49 and a 12-month high of $125.81. The company has a market cap of $23.66 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 2.86 and a beta of 1.44. The company’s 50-day moving average price is $112.79 and its 200-day moving average price is $112.42.

T. Rowe Price Group (NASDAQ:TROW) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a return on equity of 20.83% and a net margin of 29.61%. During the same quarter in the previous year, the company earned $1.72 earnings per share. On average, sell-side analysts predict that T. Rowe Price Group, Inc. will post 9.29 earnings per share for the current year.

T. Rowe Price Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $1.27 dividend. This represents a $5.08 annualized dividend and a dividend yield of 4.78%. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.24. The ex-dividend date is Friday, March 14th. T. Rowe Price Group’s dividend payout ratio is 54.15%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TROW shares. Wells Fargo & Company dropped their price objective on shares of T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a report on Monday, November 11th. StockNews.com downgraded shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Sunday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $113.00 price objective (up from $111.00) on shares of T. Rowe Price Group in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Four analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $115.09.

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.