T. Rowe Price Group, Inc. (NASDAQ:TROW) Shares Acquired by Strategic Advisors LLC

Strategic Advisors LLC grew its stake in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 22.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,100 shares of the asset manager’s stock after buying an additional 750 shares during the period. Strategic Advisors LLC’s holdings in T. Rowe Price Group were worth $464,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of TROW. Exchange Traded Concepts LLC acquired a new position in shares of T. Rowe Price Group in the 3rd quarter valued at $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 valued at $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 valued at $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 valued at $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 valued at $301,000 after purchasing an additional 1,965 shares during the last quarter. Institutional investors and hedge funds own 73.39% of the company’s stock.

Insider Activity

In related news, VP Arif Husain sold 4,112 shares of the stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $109.27, for a total value of $449,318.24. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the completion of the sale, the vice president now directly owns 119,577 shares in the company, 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. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $113.00 price target (up previously from $111.00) on shares of T. Rowe Price Group in a research report on Thursday, February 6th. Morgan Stanley upped their price target on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Barclays reduced their price target on shares of T. Rowe Price Group from $113.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, February 6th. Evercore ISI upped their price target 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, Deutsche Bank Aktiengesellschaft upped 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. Four analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $115.09.

T. Rowe Price Group Stock Down 0.1 %

Shares of TROW opened at $107.17 on Tuesday. The company has a 50-day simple moving average of $114.21 and a 200-day simple moving average of $112.35. The company has a market capitalization of $23.81 billion, a PE ratio of 11.70, a P/E/G ratio of 1.70 and a beta of 1.44. T. Rowe Price Group, Inc. has a 52-week low of $100.49 and a 52-week high of $125.81.

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 net margin of 29.61% and a return on equity of 20.91%. During the same quarter in the previous year, the company posted $1.72 earnings per share. On average, research analysts anticipate that T. Rowe Price Group, Inc. will post 9.36 EPS for the current year.

T. Rowe Price Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $1.27 dividend. This represents a $5.08 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Friday, March 14th. This is an increase from T. Rowe Price Group’s previous quarterly dividend of $1.24. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 54.15%.

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.