Blueshift Asset Management LLC Acquires 2,483 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Blueshift Asset Management LLC grew its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 127.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,429 shares of the asset manager’s stock after buying an additional 2,483 shares during the period. Blueshift Asset Management LLC’s holdings in T. Rowe Price Group were worth $482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TROW. Price T Rowe Associates Inc. MD raised its holdings in T. Rowe Price Group by 0.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 295,449 shares of the asset manager’s stock worth $36,022,000 after purchasing an additional 2,323 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in T. Rowe Price Group by 33.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 3,958 shares of the asset manager’s stock worth $483,000 after buying an additional 997 shares during the period. Tidal Investments LLC boosted its position in T. Rowe Price Group by 21.4% during the 1st quarter. Tidal Investments LLC now owns 6,303 shares of the asset manager’s stock valued at $768,000 after acquiring an additional 1,110 shares in the last quarter. iA Global Asset Management Inc. boosted its position in T. Rowe Price Group by 54.2% during the 1st quarter. iA Global Asset Management Inc. now owns 8,476 shares of the asset manager’s stock valued at $1,033,000 after acquiring an additional 2,981 shares in the last quarter. Finally, Swedbank AB purchased a new position in shares of T. Rowe Price Group during the 1st quarter worth approximately $1,495,000. Institutional investors own 73.39% of the company’s stock.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, insider Jessica M. Hiebler sold 484 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $104.73, for a total transaction of $50,689.32. Following the completion of the sale, the insider now directly owns 13,939 shares in the company, valued at approximately $1,459,831.47. The trade was a 3.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 11,969 shares of T. Rowe Price Group stock in a transaction on Friday, September 6th. The stock was sold at an average price of $102.83, for a total value of $1,230,772.27. Following the completion of the sale, the vice president now directly owns 123,624 shares of the company’s stock, valued at $12,712,255.92. The trade was a 8.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TROW. JPMorgan Chase & Co. dropped their price target on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. The Goldman Sachs Group lowered their price objective on T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Evercore ISI upped their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Finally, TD Cowen cut their price objective on shares of T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Four equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $115.55.

T. Rowe Price Group Stock Up 0.2 %

Shares of TROW opened at $124.16 on Thursday. T. Rowe Price Group, Inc. has a twelve month low of $96.50 and a twelve month high of $124.83. The company has a market capitalization of $27.58 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 1.73 and a beta of 1.41. The firm has a 50 day moving average of $113.18 and a 200 day moving average of $112.69.

T. Rowe Price Group (NASDAQ:TROW) last posted its earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.17 EPS. On average, sell-side analysts expect that T. Rowe Price Group, Inc. will post 9.39 EPS for the current year.

T. Rowe Price Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, December 13th. T. Rowe Price Group’s dividend payout ratio is currently 54.27%.

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.