LVW Advisors LLC Purchases 1,468 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

LVW Advisors LLC lifted its position in T. Rowe Price Group, Inc. (NASDAQ:TROW) by 51.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,338 shares of the asset manager’s stock after buying an additional 1,468 shares during the quarter. LVW Advisors LLC’s holdings in T. Rowe Price Group were worth $529,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in TROW. Confluence Investment Management LLC bought a new stake in T. Rowe Price Group during the first quarter worth approximately $130,386,000. International Assets Investment Management LLC boosted its position in T. Rowe Price Group by 8,968.6% during the fourth quarter. International Assets Investment Management LLC now owns 902,146 shares of the asset manager’s stock worth $97,152,000 after purchasing an additional 892,198 shares during the period. UBS Group AG boosted its position in T. Rowe Price Group by 473.3% during the fourth quarter. UBS Group AG now owns 975,226 shares of the asset manager’s stock worth $105,022,000 after purchasing an additional 805,106 shares during the period. Norges Bank bought a new stake in T. Rowe Price Group during the fourth quarter worth approximately $80,831,000. Finally, Hsbc Holdings PLC boosted its position in T. Rowe Price Group by 66.8% during the fourth quarter. Hsbc Holdings PLC now owns 765,080 shares of the asset manager’s stock worth $82,434,000 after purchasing an additional 306,524 shares during the period. Institutional investors own 73.39% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TROW shares. JPMorgan Chase & Co. upped their target price on T. Rowe Price Group from $94.00 to $103.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods upgraded T. Rowe Price Group from an “underperform” rating to a “market perform” rating and upped their price target for the stock from $106.00 to $120.00 in a report on Thursday, April 11th. Citigroup upped their price target on T. Rowe Price Group from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. TD Cowen upgraded T. Rowe Price Group from a “sell” rating to a “hold” rating and upped their price target for the stock from $92.00 to $114.00 in a report on Monday, April 8th. Finally, Evercore ISI cut their price target on T. Rowe Price Group from $110.00 to $107.00 and set an “in-line” rating for the company in a report on Tuesday, April 30th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $112.10.

Insiders Place Their Bets

In other T. Rowe Price Group news, VP Dorothy C. Sawyer sold 2,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $117.00, for a total transaction of $234,000.00. Following the completion of the transaction, the vice president now directly owns 34,710 shares in the company, valued at $4,061,070. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Robert F. Maclellan sold 3,043 shares of the stock in a transaction on Monday, April 29th. The stock was 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dorothy C. Sawyer sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $117.00, for a total value of $234,000.00. Following the completion of the transaction, the vice president now owns 34,710 shares in the company, valued at approximately $4,061,070. The disclosure for this sale can be found here. Insiders sold 6,444 shares of company stock worth $740,408 over the last three months. 2.00% of the stock is currently owned by corporate insiders.

T. Rowe Price Group Trading Down 1.3 %

Shares of NASDAQ TROW opened at $113.85 on Tuesday. The business has a fifty day simple moving average of $114.98 and a 200 day simple moving average of $112.92. The firm has a market capitalization of $25.42 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.97 and a beta of 1.42. T. Rowe Price Group, Inc. has a one year low of $87.43 and a one year high of $132.76.

T. Rowe Price Group (NASDAQ:TROW) last issued its earnings results on Friday, April 26th. The asset manager reported $2.38 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.34. T. Rowe Price Group had a return on equity of 19.70% and a net margin of 29.09%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the company posted $1.69 earnings per share. T. Rowe Price Group’s revenue was up 13.8% on a year-over-year basis. On average, research analysts anticipate that T. Rowe Price Group, Inc. will post 8.84 earnings per share for the current fiscal year.

T. Rowe Price Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were paid a dividend of $1.24 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $4.96 annualized dividend and a yield of 4.36%. T. Rowe Price Group’s dividend payout ratio is currently 58.91%.

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.