Baillie Gifford & Co. Has $48.80 Million Holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW)

Baillie Gifford & Co. lifted its holdings in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 431,485 shares of the asset manager’s stock after acquiring an additional 43,291 shares during the quarter. Baillie Gifford & Co. owned approximately 0.19% of T. Rowe Price Group worth $48,797,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of TROW. Exchange Traded Concepts LLC bought a new position in T. Rowe Price Group in the 3rd quarter worth approximately $105,000. Creative Planning raised its position in T. Rowe Price Group by 0.3% in the 3rd quarter. Creative Planning now owns 55,324 shares of the asset manager’s stock worth $6,026,000 after purchasing an additional 177 shares during the last quarter. Bleakley Financial Group LLC raised its position in T. Rowe Price Group by 28.8% in the 3rd quarter. Bleakley Financial Group LLC now owns 3,821 shares of the asset manager’s stock worth $416,000 after purchasing an additional 854 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in T. Rowe Price Group by 17.3% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,974 shares of the asset manager’s stock worth $2,720,000 after purchasing an additional 3,678 shares during the last quarter. Finally, Blue Trust Inc. raised its position in T. Rowe Price Group by 302.3% in the 3rd quarter. Blue Trust Inc. now owns 2,615 shares of the asset manager’s stock worth $301,000 after purchasing an additional 1,965 shares during the last quarter. 73.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Arif Husain sold 4,112 shares of the company’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 36,800 shares of the company’s stock, valued at approximately $4,021,136. This represents a 10.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the transaction, the vice president now directly owns 119,577 shares of the company’s stock, valued at approximately $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. Company insiders own 2.00% of the company’s stock.

T. Rowe Price Group Stock Down 0.1 %

TROW opened at $107.17 on Tuesday. 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 fifty day simple moving average of $114.21 and a 200 day simple moving average of $112.35. The stock has a market cap of $23.81 billion, a P/E ratio of 11.70, a P/E/G ratio of 1.70 and a beta of 1.44.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.08). T. Rowe Price Group had a net margin of 29.61% and a return on equity of 20.91%. During the same quarter in the prior year, the firm posted $1.72 earnings per share. On average, equities research analysts expect that T. Rowe Price Group, Inc. will post 9.36 earnings per share for the current fiscal year.

T. Rowe Price Group Increases Dividend

The company 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. The ex-dividend date is Friday, March 14th. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.74%. This is a boost from T. Rowe Price Group’s previous quarterly dividend of $1.24. T. Rowe Price Group’s dividend payout ratio is currently 54.15%.

Analyst Ratings Changes

TROW has been the subject of several research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $113.00 price objective (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Morgan Stanley boosted their price objective on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Wells Fargo & Company dropped their target price on shares of T. Rowe Price Group from $118.00 to $116.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Evercore ISI upped their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to data from MarketBeat, T. Rowe Price Group has a consensus rating of “Hold” and an average target price of $115.09.

T. Rowe Price Group 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.