5,186 Shares in T. Rowe Price Group, Inc. (NASDAQ:TROW) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new position in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,186 shares of the asset manager’s stock, valued at approximately $558,000.

Other large investors have also recently made changes to their positions in the company. L. Roy Papp & Associates LLP lifted its holdings in T. Rowe Price Group by 5.8% during the 4th quarter. L. Roy Papp & Associates LLP now owns 158,875 shares of the asset manager’s stock valued at $17,109,000 after buying an additional 8,773 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of T. Rowe Price Group by 15.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 344,889 shares of the asset manager’s stock valued at $37,141,000 after purchasing an additional 47,043 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of T. Rowe Price Group by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 317,349 shares of the asset manager’s stock valued at $34,299,000 after purchasing an additional 10,680 shares in the last quarter. Vest Financial LLC raised its holdings in shares of T. Rowe Price Group by 48.8% in the 4th quarter. Vest Financial LLC now owns 280,552 shares of the asset manager’s stock valued at $30,213,000 after purchasing an additional 92,059 shares in the last quarter. Finally, Nebula Research & Development LLC bought a new stake in shares of T. Rowe Price Group in the 4th quarter valued at about $807,000. 73.39% of the stock is owned by hedge funds and other institutional investors.

T. Rowe Price Group Price Performance

NASDAQ:TROW opened at $117.04 on Tuesday. The firm has a market capitalization of $26.14 billion, a P/E ratio of 13.90, a PEG ratio of 1.96 and a beta of 1.43. T. Rowe Price Group, Inc. has a 1-year low of $87.43 and a 1-year high of $132.76. The company’s fifty day moving average price is $114.36 and its 200-day moving average price is $111.86.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Friday, April 26th. The asset manager reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.34. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.71 billion. T. Rowe Price Group had a net margin of 29.09% and a return on equity of 19.70%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.69 earnings per share. Equities analysts anticipate that T. Rowe Price Group, Inc. will post 8.84 EPS for the current fiscal year.

T. Rowe Price Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be paid a $1.24 dividend. The ex-dividend date is Friday, June 14th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 4.24%. T. Rowe Price Group’s payout ratio is currently 58.91%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Cowen raised shares of T. Rowe Price Group from a “sell” rating to a “hold” rating and increased their target price for the company from $92.00 to $114.00 in a research report on Monday, April 8th. Citigroup increased their target price on shares of T. Rowe Price Group from $110.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. UBS Group increased their target price on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Evercore ISI decreased their target price on shares of T. Rowe Price Group from $110.00 to $107.00 and set an “in-line” rating for the company in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of T. Rowe Price Group from $94.00 to $103.00 and gave the company an “underweight” rating in a research note on Tuesday, April 16th. Four equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, T. Rowe Price Group currently has a consensus rating of “Hold” and a consensus target price of $112.10.

Insider Activity at T. Rowe Price Group

In related news, Director Robert F. Maclellan sold 3,043 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $113.08, for a total transaction of $344,102.44. Following the sale, the director now owns 34,635 shares in the company, valued at $3,916,525.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

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.