Farmers & Merchants Investments Inc. Sells 157 Shares of T. Rowe Price Group, Inc. (NASDAQ:TROW)

Farmers & Merchants Investments Inc. reduced its holdings in shares of T. Rowe Price Group, Inc. (NASDAQ:TROW) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,641 shares of the asset manager’s stock after selling 157 shares during the period. Farmers & Merchants Investments Inc.’s holdings in T. Rowe Price Group were worth $4,345,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV grew its position in T. Rowe Price Group by 83.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 233 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 106 shares during the last quarter. First United Bank & Trust bought a new position in T. Rowe Price Group during the fourth quarter valued at approximately $31,000. Park Place Capital Corp grew its holdings in shares of T. Rowe Price Group by 1,775.0% in the fourth quarter. Park Place Capital Corp now owns 300 shares of the asset manager’s stock worth $32,000 after purchasing an additional 284 shares during the last quarter. Fortitude Family Office LLC bought a new position in shares of T. Rowe Price Group in the fourth quarter worth approximately $33,000. Finally, CVA Family Office LLC bought a new position in shares of T. Rowe Price Group in the fourth quarter worth approximately $39,000. 73.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling at T. Rowe Price Group

In other T. Rowe Price Group news, Director Robert F. Maclellan sold 3,043 shares of the firm’s 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 completion of the transaction, the director now owns 34,635 shares of the company’s stock, valued at $3,916,525.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Jessica M. Hiebler sold 1,401 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $115.85, for a total transaction of $162,305.85. Following the completion of the transaction, the insider now directly owns 14,198 shares in the company, valued at $1,644,838.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $344,102.44. Following the transaction, the director now owns 34,635 shares of the company’s stock, valued at $3,916,525.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,444 shares of company stock valued at $740,408. 2.00% of the stock is currently owned by company insiders.

T. Rowe Price Group Stock Up 0.7 %

Shares of TROW stock opened at $114.60 on Wednesday. The stock has a fifty day moving average of $115.03 and a 200 day moving average of $112.96. T. Rowe Price Group, Inc. has a 52 week low of $87.43 and a 52 week high of $132.76. The firm has a market capitalization of $25.59 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.97 and a beta of 1.42.

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

T. Rowe Price Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were given a dividend of $1.24 per share. This represents a $4.96 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend was Friday, June 14th. T. Rowe Price Group’s dividend payout ratio is currently 58.91%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TROW shares. Evercore ISI cut their target price on shares of T. Rowe Price Group from $110.00 to $107.00 and set an “in-line” rating on the stock in a report on Tuesday, April 30th. TD Cowen upgraded shares of T. Rowe Price Group from a “sell” rating to a “hold” rating and raised their target price for the stock from $92.00 to $114.00 in a report on Monday, April 8th. JPMorgan Chase & Co. raised their target price on shares of T. Rowe Price Group from $94.00 to $103.00 and gave the stock an “underweight” rating in a report on Tuesday, April 16th. UBS Group raised their target price on shares of T. Rowe Price Group from $100.00 to $109.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Finally, Citigroup raised their target price on shares of T. Rowe Price Group from $110.00 to $125.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Four research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, T. Rowe Price Group presently has a consensus rating of “Hold” and an average target price of $112.10.

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.